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Hyundai Motor, SK on Sign EV Battery Supply Pact

Hyundai Motor Group (the Group) today (Tuesday) signed a memorandum of understanding (MOU) with SK On Co., Ltd., a leading electric vehicle (EV) battery...

Revealed: What Nigeria’s Oil Industry Contributed to GDP in Q3 2022

Nigeria’s oil sector contributed 5.66 per cent to the country’s total real gross domestic product (GDP) in Q3 2022. This is according to the Nigerian...

Oil Jumps On Hopes for Easing in China’s COVID Controls

Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country's zero-COVID strategy over the...

Carloha International Begins Vehicle sales in Nigeria, Offers Price Slash

Carloha, a global automobile company that specializes in the sales and services of premium used vehicles with in-commerce and on-demand maintenance service technology, has...

Oil Muted, as Price Cap Proposal Eases Supply Concerns

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level...

Nigerian Lawmakers Grill Shell, Total, Other Over Alleged Tax Evasion

The House of Representatives on Wednesday grilled Shell Petroleum Development Company of Nigeria, Total Energies and First E and P over alleged tax evasion. The...

Ingige Identifies Cause of Crude Oil Theft in Nigeria

The Federal Government has attributed the menace of crude oil theft to the worsening unemployment situation in the country. Dr Chris Ngige, the Minister of...

Oil Prices Rebound From Early Dive As Reports Vary on OPEC+ Output

Oil prices whipsawed on Monday, diving early to their lowest since early January but then rebounding as reports varied about whether Saudi Arabia and...

Toyota bZ Compact SUV Concept Revealed

The Toyota bZ Compact SUV Concept has touched down in Los Angeles, making its world premiere to kick off the exciting opening of the...

Oil Prices Fall On Easing Geopolitical Tension

Oil prices fell more than 3% on Thursday as rising numbers of COVID-19 cases in China and the suggestion of higher rates than currently...

Hyundai Launches All-New Grandeur Flagship Sedan, Targets Global sale

Hyundai Motor Company on Monday revealed the specifications of its seventh-generation Grandeur flagship sedan globally. The all-new Grandeur is badged as Azera outside of...

Oil Marketers Advocate Naira Transactions in Ports

The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey...

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Coscharis Motors Partners AIICO and Tangerine on Quality Auto Insurance

ROTIMI ASHER Coscharis Motors, one of the Nigeria’s leading automobile companies, has partnered two reputable insurance companies, AIICO Insurance Plc and Tangerine towards providing cost...

UK insurers Face Watchdog Crackdown for Undervaluing Cars

Britain's financial watchdog on Friday warned insurers against undervaluing cars and other items when customers submit a damage claim and said it was taking...

Lagos Government Commences Issuance of International Driver’s Permit

ROTIMI ASHER The Lagos State Government has concluded plans to commence the issuance of International Driver’s Permit effective from December, 2022. The Director, Vehicle Inspection Service...

Engineering Student Produces Truck in Nigeria

A Ph.D student from the Faculty of Engineering, University of Benin, has produced and showcased a one-tonne utility truck. The vehicle was developed by...