Dr Samuel Onyeka, an insurance consultant, has backed the upward review of the third-party motor insurance premium by the National Insurance Commission (NAICOM). Onyeka, the Director, Transparent Protection Ltd. (TPL)/Gte, a Non-Governmental Organisation (NGO), said that the review would help curb fake insurance and facilitate claims payment by insurance companies. It would be recalled that…
FEMI OWOEYE with reports from ROTIMI ASHER and WALE RAHEEM Most motorists, who pay for the annual third party insurance policy in Nigeria are uninterested in approaching insurance companies for claims, when involved in an accident, Motoring World’s investigation has revealed. In a random interview with 822 private and commercial motorists in Lagos, Ogun and…
CFAO Motors, a subsidiary of the CFAO group, the largest automotive distribution network in Africa with over 158 subsidiaries, recently launched LOXEA by CFAO in Nigeria. Already present in 22 African countries, LOXEA offers operating lease and fleet management solutions. Now customers can have better access to the CFAO range of products; Mitsubishi and Suzuki…
Nigeria’s automotive industry has attracted over N500 billion from private investors, The Director-General (DG) of National Automotive Design and Development Council (NADDC), Jelani Aliyu disclosed this recently, when addressing newsmen on what the council has been doing to bolster the local production of vehicles in Nigeria. According to Aliyu, the council has encouraged, supported, and…
