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Unremitted $250m: Nigerian Lawmakers Give Oil Firms 2 Weeks Ultimatum

Nigeria's lower legislative chamber's (House of Representatives) Committee on Oil and Gas on Thursday gave 10 indigenous oil companies in the country two weeks...

Luxurious Sedan, Kia Stinger set to make Nigeria Debut

Kia Motors Nigeria is set to introduce the revolutionary and uniquely built luxurious sedan, Kia Stinger to the market in 2018. As contained in a...

Lagos-Ibadan rail line to be completed in 2018

… As Amaechi, Ambode Agree on demolition of Jibowu, Costain Bridges in Lagos The Nigeria’s Minister of Transportation, Rotimi Amaechi, has said that...

Lagos-Nigeria’s Tourism Sector Gets Backing of Private Sector

…As Sponsors Queue Up For One Lagos Fiesta The drive by the Lagos State Government to create a private sector driven tourism economy has earned...

Weststar Nigeria Ends Distributorship of Jeep, Fiat, Chrysler, Others

...Says New Nigerian Franchise Dealer to be Announced Soon F ollowing Weststar’s plans to consolidate and expand the Mercedes-Benz business in Nigeria, Weststar Associates...

Nigerian Government Orders NNPC to Clear Fuel Queues by Weekend

…As Ekiti Filling Stations Remain Under Lock and Key The Nigerian National Petroleum Corporation (NNPC) has been ordered to clear fuel queues in Lagos and...

NNPC Boss Rushes Home from London to Confront Fuel Queues

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, Tuesday, cut short his trip to London, as concerns...

Grey Vehicle Import: Ade-Ojo Lauds Nigerian Custom Service

FEMI OWOEYE Nigerian Custom Service (NCS) has been commended for its efforts at clamping down on grey vehicle importers in the country. The Managing Director of...

Toyota Targets 24% Market Share in Nigeria

…As New Vehicle Sales Drop by 48% FEMI OWOEYE Toyota Nigeria Limited (TNL) plans to increase its share of total new vehicle sales in Nigeria...

Fuel Scarcity Looms in Nigeria, as IPMAN Threatens Showdown with NNPC

Independent petroleum marketers in Lagos State have threatened to withdraw their services from Dec. 11 over NNPC’s breach of bulk purchase agreement to sell...

Nigeria’s NNPC Targets up to $5 bln Oil Prepayment

Nigeria’s state oil firm is looking to set up a $3.5-$5 billion cash-for-crude prepayment with some of the world’s top commodity traders to fund...

Lagos To Acquire Surveillance Aircraft To Secure Creeks

…Safety, Comfort Of Lagosians Remain My Priority, Says Ambode Lagos State of Nigeria has perfected plans to acquire Intelligence Surveillance and Reconnaissance (ISR) platform, which...

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Government Restates Support for Auto Industry Investors in Nigeria

The Federal Government has restated its support for the African Association of Automotive Manufacturers (AAAM), South Africa and other automobile investors. The Government said it...

President Tinubu Pushes for Affordable Vehicles for Nigerians

Nigeria’s President, Bola Ahmed Tinubu has urged the African Association of Automotive Manufacturers and the Nigerian Automotive Manufacturers to prioritize the production of affordable...

Minister Reiterates FG’S Commitment to Fast- Track Development in Auto Sector

The Minister, Federal Ministry of Industry, Trade and Investment (FMITI), Dr. Doris NKIRUKA Uzoka-Anite has reiterated the Federal Government’s commitment to boost development in...

Inactive Nigerian Auto Assemblers May Lose License – FG

The Federal government of Nigeria has embarked in evaluation of the nation’s existing assembly plants with a view to ascertaining the ones that are...