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Iran Sanctions, Iraq Conflict Trigger Crude Oil Price Rise

Oil markets jumped on today (Monday) on concerns over potential renewed U.S. sanctions against Iran over a disagreement on its nuclear programme as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices there. Brent crude futures, the international benchmark for oil prices, were at 57.85 dollars. There were also concerns ...

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CG-Eko LLP Training Academy First Convocation in Pictures

CG-Eko LLP Training Academy, a sister company to Coscharis Motors Plc, had their first convocation ceremony last Friday, August 4, 2017.   The academy conducted the ceremony for 3 admission batches, including 2013 – 2015, 2014 – 2016 and 2015 – 2017. Taking you on a historical ride to the occasion, Motoring World International serves you most significant photos of ...

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Jeep Rolls Out New Limited Edition Wrangler Night Eagle

Jeep is expanding its Wrangler range of 4×4 vehicles with the introduction of a stunning limited edition, the Night Eagle.  Revealed at this year’s Geneva Motor Show, the Jeep Wrangler Night Eagle comes in a choice of striking colours with exclusive decals, and provides a unique style, premium equipment levels and, of course, Jeep’s legendary off-road capability. Just 66 examples ...

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Toyota Nigeria Downgrades Vehicle Sales Forecast for 2017

…Says FOREX Remains a Challenge, Despite CBN Interventions FEMI OWOEYE Toyota Nigeria Limited (TNL) has made a downward review of Nigeria’s auto market performance outlook for the current year, predicting it would not record more than 10,000 units sales at the end of the year, as against 16,000 units it predicted in November 2016. The company’s Managing Director, Mr. Kunle ...

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Ban on Vehicle Import Via Land Borders: Nigeria Will Save Over $700 – Auto Makers

Nigeria Automotive Manufacturers Association (NAMA), the nation’s umbrella body of auto makers, has described Federal Government’s ban on the importation of vehicles through the land borders as cheering news for the economy, insisting that the country loses a lot of revenue through such routes. NAMA said in a statement yesterday that pronouncement last December  followed series of discussions between government and ...

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