FEMI OWOEYE Nigeria has been identified as a priority market in the African Association of Automotive Manufacturers’ (AAAM) 2026 strategic vision, as the continental auto body moves to translate policy momentum into concrete industrial outcomes under the African Continental Free Trade Area (AfCFTA). Presenting the strategy recently via a video message, AAAM Chief Executive Officer,…
China’s stalled car sales risk flooding Nigeria with cheap imports. Policy action now will determine whether local assembly survives MATILDA OWOEYE China’s auto market has hit a wall. Unless policy makers act decisively, Nigeria risks paying the price. As domestic demand stalls and price wars intensify in the world’s largest car market, Chinese automakers are…
FELIX MAHAN Carloha Nigeria, the authorized distributor and assembler of Chery vehicles in Nigeria, late last year won the “Most Outstanding After-Sales Car Company in Nigeria 2025” courtesy of the Nigeria Auto Journalists Association (NAJA), one of the industry’s most respected and discerning bodies. This recognition did not come as a surprise to us at…
Oil prices rose on Friday, set for a weekly gain, on growing supply worries linked to the intensifying protests in oil-producing Iran and an escalation of attacks in Russia’s war in Ukraine. Brent futures were up $1.58, or 2.55%, to $63.57 per barrel at 12:41 p.m. ET (1741 GMT), while U.S. West Texas Intermediate (WTI) crude…
