In less than six weeks to the end of his tenure, President Muhammadu Buhari has approved new Import Adjustment Tax (IAT) levy on certain categories of new and used vehicles imported into the country. The new taxes, which take effect from June 1, 2023, a day after the end of Buhari’s administration, was contained in…
Fielding questions exclusively from ROTIMI ASHER, Motoring World’s Lagos Bureau Chief, during the one-week activities marking his country’s 29th independence celebration in Nigeria, South African Consul General in Nigeria, Bobby J. Moroe identified how to make Nigeria’s auto industry perform at its peak. He also revealed what he has been doing to ensure more collaboration…
The Federal High Court on 20th February, 2023 held that Guaranty Trust Bank was in violation of the Consent Judgment entered by the Court on 17 December, 2019. It, therefore, proceeded to set aside the purported execution carried out by the bank on 1st February, 2023. Ruling on an application filed by the Law Firms…
Stallion Group, Nigeria’s multi-brand automobile franchisee and local auto assembler, has been honoured with the 2022 multi-brand auto assembler of the year award. Announced on Thursday February 9, 2023 during the Nigeria Auto Industry Award Night held at the prestigious Oriental Hotels, Victoria Island, Lagos, Stallion’s Bajaj Keke was also crowned as Nigeria’s tricycle of…
