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Buhari Raises Levy on Imported Vehicles, Exempts Commercial Buses, EVs

In less than six weeks to the end of his tenure, President Muhammadu Buhari has approved new Import Adjustment Tax (IAT) levy on certain...

Expert Makes Case for Nigeria’s New third-party motor insurance premium

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...

Most Nigerian Motorists Don’t Claim Third Party Insurance – Motoring World Poll

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...

CFAO Motors launches LOXEA Nigeria to Provide Operating Lease, Fleet Management Solutions 

CFAO Motors, a subsidiary of the CFAO group, the largest automotive distribution network in Africa with over 158 subsidiaries, recently launched...

Private Sector Invests N500bn in Nigeria’s Auto Industry – NADDC

Nigeria’s automotive industry has attracted over N500 billion from private investors, The Director-General (DG) of National Automotive...

US-based Freight Forwarders Seek Review of Vehicle Import Duties in Nigeria

Two Nigerian freight forwarders operating in Houston, Texas, United States, have appealed to the Federal Government and the Nigeria Customs Service...

Confusion over 15% levy: Again, Clearing Agents Abandon Vehicles at Nigerian Port

Clearing agents have again abandoned vehicle clearance at the Tincan Island Port, Lagos State, due to confusion over the 15 per...

Truck Driver Kidnapped Following Refusal to Yield to Extortion

The Council of Maritime Truck Union and Associations (COMTUA) has alleged that thugs around Amuwo Odofin Local government Area of Lagos...

Transportation Ministry Tasks Company on Local Content

The Permanent Secretary, Ministry of Transportation, Dr Magdalene Ajani, has urged the Lagos Deep Offshore Logistics Base (LADOL), to promote local...

Nigerian Government Reduces Import Duty On pickup vehicles

The Federal Ministry of Finance, Budget and National Planning has approved implementation of the ECOWAS Common External Tariff (CET) 2022-2026 which...

Pay-As-You-Go Tractor Financing Launched In Nigeria

Heifer International and Hello Tractor have launched pay-as-you-go tractor financing for Nigerian farmers who find it impossible to get credit through...

Nigeria Holds About 42.74 Billion Metric Tonnes of Bitumen Reserves

By: ROTIMI ASHER Estimated to be the sixth largest in the world but has not yet been exploited,...

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Chery Paints Lagos Red with Roadshow, Celebrates Creativity

Chery, the renowned automotive brand synonymous with innovation and elegance, delighted Lagosians with a mesmerizing roadshow on April 26th, 2024. The event, featuring a captivating...

First Ever Heavy Truck Safety Rating Tests Revealed

Euro NCAP has officially announced a major milestone in the development towards a Truck Safe rating scheme. To this end, at NCAP24, in front of...

FG Makes Case for Vehicle Component Manufacturing

As part of the ongoing efforts towards reviving the nation’s auto industry, the Federal government has stressed the need to restart automotive component manufacturing...

Electric Cars Rule Auto Show

China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's...