OPEYEMI OLOTU Nigeria’s heavy-duty truck market has a bold new contender. Versat Automobile Limited has officially stormed the automotive landscape with the launch of C&C Trucks, signaling a major shake-up in commercial transportation for logistics, construction, mining and infrastructure players across the country. Founded in 2024, Versat Automobile Limited is stepping into the market with…
South Africa’s new vehicle market has kicked off 2026 with fresh momentum, breaking through the symbolic 50,000-unit mark and signalling that the industry’s recovery has matured into something far more durable. According to naamsa | the Automotive Business Council, total new vehicle sales reached 50,073 units in January, representing a 7.5% increase year-on-year. While this…
Global oil markets took a bruising on Monday as crude prices plunged nearly 5%, wiped lower by signs that long-simmering U.S.–Iran tensions may be cooling and with them the geopolitical risk premium that had propped up prices since January. Brent crude slid $3.25, or 4.7%, to $66.07 a barrel, while U.S. West Texas Intermediate (WTI)…
In a move that could redraw Africa’s industrial map, Nigeria has taken a bold step toward becoming the continent’s first electric vehicle (EV) manufacturing nation, signing a landmark agreement with South Korea’s Asia Economic Development Committee (AEDC) to establish a large-scale EV manufacturing plant and nationwide charging infrastructure. The Memorandum of Understanding (MoU), signed in…
