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Toyota Targets 24% Market Share in Nigeria

…As New Vehicle Sales Drop by 48% FEMI OWOEYE Toyota Nigeria Limited (TNL) plans to increase its share of total new vehicle sales in Nigeria to about 24% by the end of 2017.The company’s Managing Director, Mr. Kunle Ade-Ojo, dropped the hint during its quarterly press briefing held at TNL’s Lekki-Lagos head office on Thursday 29th November 2016. According to ...

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Fuel Scarcity Looms in Nigeria, as IPMAN Threatens Showdown with NNPC

Independent petroleum marketers in Lagos State have threatened to withdraw their services from Dec. 11 over NNPC’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre. The Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos State Chapter, on Wednesday said it was set for a showdown with NNPC over irregular fuel supply at Ejigbo satellite ...

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Nigeria’s NNPC Targets up to $5 bln Oil Prepayment

Nigeria’s state oil firm is looking to set up a $3.5-$5 billion cash-for-crude prepayment with some of the world’s top commodity traders to fund oil and gas upstream projects as well as related infrastructure, sources with direct knowledge of the matter said. Africa’s biggest oil producer and OPEC member was hit hard by the sharp drop in global oil prices ...

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Lagos To Acquire Surveillance Aircraft To Secure Creeks

…Safety, Comfort Of Lagosians Remain My Priority, Says Ambode Lagos State of Nigeria has perfected plans to acquire Intelligence Surveillance and Reconnaissance (ISR) platform, which is a specialized light aircraft, to secure creeks and riverine communities in the State. Lagos State Governor, Mr Akinwunmi Ambode, who gave the hint at Lagos House in Alausa, Ikeja on Monday, restated the commitment ...

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Nigeria Implements 70% of ECOWAS Common External Tariff

Nigeria Customs Service (NCS) says the country has implemented about 70 per cent of the requirements of the ECOWAS Common External Tariff (CET). The Comptroller-General of NCS, Col. Hameed Ibrahim Ali (Rtd) said this at the opening of the meeting of ECOWAS Directors-General of Customs in Abuja on Thursday. It would be recalled that the CET for ECOWAS sub-region was ...

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Gridlock: Lagos Begins Evacuation of Articulated Vehicles on Apapa- Oshodi Expressway

In its determination to ensure free flow of traffic and safety on the road, the Lagos State Government on Wednesday commenced the process of clearing Apapa-Mile 2 axis of illegal parking of tankers and articulated vehicles. This action, the Government said is aimed at freeing Apapa – Oshodi Expressway of avoidable traffic gridlocks, and making the axis accessible to other ...

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NNPC Completes 539km of Gas Pipeline Projects

The Nigerian National Petroleum Corporation (NNPC) says it has completed, commissioned and delivered 500 kilometers (km) of gas pipelines between 2010 to date. The Group Managing Director of the NNPC, Dr Maikanti Baru, said this on Tuesday in Abuja in a statement by Mr Ndu Ughamadu, the corporation’s Group General Manager Public Affairs Division. According to him, this is part ...

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Coscharis Motors Offers Discounts in Partnership with Jumia for Black Friday

Coscharis Motors PLC, a foremost automobile dealer in Nigeria and sole representative of globally respected iconic auto brands like Ford, BMW, Jaguar, Land Rover, Morris Garages (MG), etc, in Nigeria, has partnered with Jumia the largest online shop in Africa to present the most exciting Black Friday shopping experience so far in this part of the world. As part of ...

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NNPC, Cheveron wrap up $1.7bn Deal

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL)have executed the second and final phase of an Alternative Financing Agreement. A statement signed by the Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, on Sunday in Abuja said the agreement was signed in London, over the weekend. He said that the Group Managing Director Dr Maikanti Baru ...

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Lagos Bus Conductors to Wear Uniforms from January

The Bus Conductors Association of Nigeria (BCAN) says that its members in Lagos State will start wearing uniforms from Jan. 1, 2018 for security and effective service delivery. Mr Isreal Adeshola, the National President of the association, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos on Sunday. Adeshola said the operational uniform would bring sanity ...

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