Customs duty on imported vehicles at Lagos ports has been increased by almost 30 percent, Shipping Position Daily has reported. This is even as clearing agents say they enjoy a 50 percent waiver of duty since the reversal of the controversial Vehicle Identification Number (VIN) Valuation policy by the Nigeria Customs Service (NCS) It would…
In a bid to make vehicle acquisition easier and more affordable to all prospective auto patrons nationwide, GAC Motors has entered into a partnership with Lotus Bank. The scheme, ‘Rent to Win’, the two organizations said, is aimed at reducing the number of used vehicles on Nigerian roads. Chairman, CIG Motors (franchise owners of the…
Malam Mele Kyari, Group Managing Director/Chief Executive Officer (CEO), Nigerian National Petroleum Company Ltd. (NNPC) says the company has nothing to hide and will comply with the request of the House of Representatives Committee on Public Accounts. The disclosure by the NNPC CEO came in the wake of the House of Representatives Committee on Public…
CIG Motors, exclusive distributor of the award-winning GAC brand, has entered into a partnership with Polaris bank to make vehicle acquisition and ownership affordable to Nigerians via ‘Easy Buy’ Scheme. The Easy Buy’, scheme is open to all across the country. The Bank and the auto giant announced the scheme on Friday at a joint…
