July 13th to 15th  2021,  Landmark Centre in Lagos, Nigeria  +44 (0) 2476 158100

UK Government to Provide Nigeria with 16m free COVID-19 Vaccines

The UK Government have announcement yesterday that the Global Vaccine Alliance (GAVI) have agreed that Nigeria will be among the first group of countries to receive 16 million free doses…

Stallion Motor unveils Nigeria’s first electric car

Stallion Motors manufacture Nigeria’s first electric car, it was announced last week at a elaborate ceremony held at the Sheraton Hotel.  Stallion Motors announced the news they will be manufacturing…

Imported vehicle duty tariff cut very soon – Customs

The arranged reduction on duty tariffs on finished vehicles and tractors from 35%-10% will be active very soon, the Nigerian Customs Service highlighted last week. Mr Hameed Ali, Comptroller General…

Fire Destroys Motorcycle Factory in Nnewi

A fire started on the 9th January gutted Louis Carter Industries Nigeria Limited, a multi million Naira motorcycle spare parts and allied products manufacturing company based in Nnewi, Anambra State. …

Nigeria to prepare for the delivery of the Pfizer vaccine says WHO

The World Health Organization (WHO) announced yesterday that the Pfizer vaccine has been approved for immunising the Nigerian population.  During the Presidential Task Force on Covid-19 press briefing in Abuja…

History made with the launch of the ACFTA

After months of delay due to the COVID-19 outbreak, the African Continental Free Trade Area was officially launched on the 1st January 2021.  African countries have officially begun trading under…

Nigerian Land Boarders to Reopen Soon Says President

After much debate, President Muhammadu Buhari has announced that the Nigerian Government are considering re-opening the land boarders ‘as soon as possible’. The land boarders have been closed since August…

Nigeria’s land borders to be reopened soon, minister announces

Nigeria’s land borders may be reopened soon after been closed since August 2019. Zainab Ahmed, The Minister of Finance, Budget and National Planning, gave a announcement yesterday during a interview…

Car import levy slashed from 35% to 5%

The federal government is implementing plans to decrease the levy paid on imported cars from 35 percent to just five percent. This is contained in the draft of the 2020…

BtoB Events announces WAAS, BWA and FABWA will return in 2021

Three of Nigeria’s most popular trade and retailer exhibitions are set to return in 2021, BtoB Events, the country’s leading exhibition organiser, has announced. Food and Beverage West Africa will…

Lago’s Markets Receives Approval to Re-Open

The Lagos State Governor, Mr Babajide Sanwo-Olu, has approved the reopening of Markets within the Lagos state. The announcement was made by the Lagos Commissioner for Local Government and Community…

NIGERIAN AIRPORTS SCHEDULED TO REOPEN FOR INTERNATIONAL FLIGHTS ON AUGUST 29

Aviation Minister Hadi Sirika says four flights will begin landing daily in Lagos and four in Abuja. Nigeria’s aviation minister has said the country will reopen its airports for international…

A Resilient Africa Will Continue to Rise Above the Covid-19 Crisis

Africa Day (25 May) is an annual opportunity to reflect on the progress we have made in driving socio-economic growth and development. But this year, it is a more sombre…

President Signs COVID-19 Regulations

President Muhammadu Buhari last night in Abuja gave legal teeth to his Sunday night directive that has locked down Lagos and Ogun States as well as the Federal Capital Territory…

NO MORE DEBATE: NIGERIA TOPS SOUTH AFRICA AS AFRICA’S BIGGEST ECONOMY

Nigeria powers ahead as being the largest economy in Africa. As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy. The debate…

Auto industry attracts over $1 billion investments

The Nigerian auto sector has received a significant boost with over $1 billion investment from distinguished automotive manufactures last year in 2019, thus lifting capacity to at least 409,000 vehicles…

West Africa Automotive Show records massive turnout at Nigeria’s maiden edition

West Africa Automotive Show (WAAS), a new international trade exhibition which is ongoing at the Landmark Centre, Victoria Island, Lagos, has pulled a large audience, attracting stakeholders from the regional…

West Africa Automotive Show Premieres

West Africa Automotive Show, WAAS, a new international trade exhibition, brought the region’s automotive parts industry together for the first time. The maiden edition was recently held at the Landmark…

WAAS Set For New Solution In Auto Care

Corporate, fleet, organisational and individual vehicle owners are in for a new deal as the momentum gathers and excitement builds ahead the maiden edition of the West Africa Automotive Show…

WAAS appoints Transport Day as Media Partner

The West Africa Auto Show (WAAS) has announced its delight in welcoming Transport Day as a media partner for the new event in the motor maintenance calendar. WAAS takes place…

Can Japan Catch up in the Economic Scramble for Africa?

From used-car markets to giant infrastructure projects, Asia’s leading powers see more than a continent in need of aid. Recently, China entered the market as an exporter of used cars overseas….

Traders Count Losses As Fire Guts Auto Parts Market

Hundreds of traders at the popular Uwelu Auto Spare Parts in Benin, Edo State, are now counting their losses as millions of naira worth of goods went up in flames…

ASPMDA Requests Government Utilise Potential

The Automobile Spare Parts and Machinery Dealers Association says the industry has not recorded growth as much as it should due to the lack of government support. The President, ASPMDA…

IMF ranking: Nigeria regarded as the largest economy in Africa

The International Monetary Fund (IMF)’s have recently revealed that Nigeria and South Africa are among the largest economies in Africa with a combined Gross Domestic Product (GDP) which is around…

Standard Chartered Bank Provides Insight to Funding Manufacturing Sector

Standard Chartered Bank, recently hosted the first edition of its Business Banking industry event, The Confluence, as part of its efforts to deepen sustainability in the Nigerian manufacturing industry and…

Tokunbo Imports Almost Double

Nigeria imported used vehicles (popularly known as Tokunbo) valued at $526 million (N161 billion) in 2018, as against $284 million (N87 billion) worth of vehicles in 2017. According to the…

Investigation: How delayed implementation of dirty fuel ban costs Nigerians billions

According to the National Bureau of Statistics (NBS), in 2018, Nigerians spent N135billion in 10 months to import parts and accessories, including car engines. When compared to 2017, the stats…

Automotive Electronics Market Size Worth $410.13 Billion by 2025

The global automotive electronics market size is expected to reach USD 410.13 billion by 2025, according to a study conducted by Grand View Research, Inc. It is estimated to expand…

GPS Forecast to See 18% Growth

The global positioning systems (GPS) market size is anticipated to reach USD 146.4 billion by 2025, according to a new study by Grand View Research, Inc., exhibiting a CAGR of 18.4%…

Auto Policy: Dangote Sinotruck to begin local trucks production

Dangote Sinotruck West Africa Limited is to commence the local assembly and production of a full range of commercial vehicles and trucks. A Federal Ministry of Industry, Trade and Investment…

Self-driving Cars & Trucks Market Demand Worth 4,223 Thousand Units By 2030

The global self‑driving/autonomous cars and trucks market size is anticipated to reach 4,223 thousand units by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 63.1%…

Hydrogen Generation Market Size Worth $180.2 Billion By 2025

The global hydrogen generation market size is predicted to be valued at USD 180.2 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand…

FEC approves N185bn for 14 roads nationwide

By Ismaila Chafe The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday in Abuja approved N185.2billion for the rehabilitation, repairs and reconstruction of 14 roads across…

African Automotive named Eternity Technologies’ product distributor

Feyisayo Popoola Eternity Technologies Limited has announced the appointment of African Automotive Limited, the parent company of Infinity Tyres Limited, as exclusive distributors of its products. African Automotive said in…

Substandard engine oils are destroying Nigerian cars – Bidemi Fahm

Oil and Gas expert, Mr. Bidemi Fahm has raised the alarm over some of the engine oils currently being sold at petrol stations, auto part shops, and some other sales…

LCCI woos Chinese auto makers

The Lagos Chamber of Commerce and Industry (LCCI) wants Chinese vehicle and motorcycle spare parts dealers to consider setting up assembly and full manufacturing plants in Nigeria. Speaking at the…

Sparrows Dynamic Launches Decarbonising Service for Motorists

Vehicle owners in Nigeria now have an opportunity to rid them of carbon with the launch of carbon cleaning machine in the country. The Carbon Cleaning machine, which was introduced…

PAN Nigeria Takes Fight of Fake Parts to 13th Lagos Motor Fair/ 7th Auto Parts Expo

Automotive industry observers describe the ongoing 13th Lagos Motor Fair/7th Auto parts Expo at Federal Palace Hotel Victoria Island Lagos as Nigerian automotive industry biggest event of the year. With…

PAN NIGERIA EXHIBITS GENUINE AUTO SPARE PARTS

PAN Nigeria Limited ran a week long exhibition designed to further highlight and propagate the strategic importance of the use of genuine automotive spare partsamong individual and fleet owners of Peugeot brands. The…

Sub-Saharan Africa: Firming Up the Economic Recovery

Sub-Saharan Africa is seeing a modest growth pick up from 2.8 percent in 2017 to 3.4 percent in 2018, the IMF said in its latest economic health check of the…

CPC alerts consumers on recall of certain Ford Fusion, Lincoln and Focus vehicles on account of manufacturing defect

West Africa sub-region target 2050 to achieve vehicle fuel economy

By Godwin Oritse with agency report With the global car fleet due to triple by 2050 and greenhouse gas emissions from transport growing faster than any other sector, West African…

How to Make Money from Nigeria’s Road Transportation Industry Boom

Are you interested in doing business in the transport sector? Do you want to tap into the numerous opportunities in the road transportation industry? Then this article is for you.

Automotive Interior Ambient Lighting Market Worth $4.59 Billion By 2025

The global automotive interior ambient lighting market size is expected to reach USD 4.59 billion by 2025, according to a study conducted by Grand View Research, Inc., registering a 7.2% CAGR during…

Nigerian, Austrian firms to make vehicles run on gas

’Femi Asu Powergas Nigeria has struck a partnership with an Austrian clean tech company, ETEFA, to facilitate the conversion of city buses and trucks in Lagos and the Niger Delta…

LASG evolves template for building filling stations

Maureen Ihua-Maduenyi The Lagos State Commissioner for Physical Planning and Urban Development, Rotimi Ogunleye, says the state government is working on a new template for building filling stations, which will…

Michelin strengthens relationship with dealers

Maureen Ihua-Maduenyi Michelin Tyre Services Nigeria says it has resolved to strengthen the relationship with its dealers nationwide in order to ensure a smooth delivery of quality tyres and services…

Automotive Sunroof Market Worth $11.12 Billion by 2025 | CAGR: 6.9%

The global automotive sunroof market size is expected to reach USD 11.12 billion by 2025, according to a new study by Grand View Research, Inc., expanding at a CAGR of 6.9% during…

Firms build refurbishment centre for Nigerian-used cars

Ozioma Ubabukoh Cars45, Turing Simcubator Limited, and Carsbazr have said that the newly established refurbishment centre in Lagos will facilitate an improved service for car buyers, sellers, technical experts and…

Lagos introduces contactless card for transit payment

Oyetunji Abioye Over 500,000 daily commuters on the Lagos Bus Rapid Transit system can now board buses using a contactless card payment system.

Explorer driving electric Nissan car across Africa arrives in Nigeria

Rasheed Bisiriyu The fear that Nigeria and many African countries may not be ripe for electric cars may soon vanish with the arrival in Nigeria of a Polish explorer, Arkady…

Ikeja Bus Terminal to cater for 4m daily, 800 buses to start operations

Lagos – The Lagos State Government says it will deploy over 800 buses soon to start operations at the newly inaugurated Ikeja Bus Terminal.

CARS45 partner Rensource on renewable energy

Nigeria’s pioneer used-car buying service has signed a deal with a Rensource, a renewable energy firm on power supply through renewable energy sources. The deal will see Rensource deploying renewable…

Average prices for petrol, others drop in March — NBS

By Elizabeth Adegbesan The National Bureau of Statistics (NBS), yesterday, said the average prices paid by consumers for Premium Motor Spirit (petrol), Kerosene, Liquefied petroleum gas (cooking gas) and Automotive…

Tata motors rolls out 200 locally assembled vehicles, calls for ban on Tokunbo

Lagos – Asian leading car manufacturer TATA Motors on Wednesday rolled out it 200 locally assembled vehicles, which the company said was made to suite the Nigerian terrain and cost…

5 made-in-Nigeria cars you would love to drive

Here is the list of 5 made-in-Nigeria cars that you would wish to get behind their wheels! Cheap used cars are not too difficult to find in Nigeria. However, finding…

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