April 1, 2021
Nigeria to ban used cars over seven years old
The House of Representatives Committee on Customs and Excise have increased their revenue targets to N1.56tn for the Nigerian Customs Service in 2021. The amount was originally suggested be to…
March 18, 2021
Bed occupancy in Lagos COVID-19 centres decreased to 8%
Prof. Akin Abayomi, the Lagos State Commissioner for Health, has announced the bed occupancy in the states public and private COVID-19 care centre has reduced from 60% to 8%. Adayomi…
March 3, 2021
Update: COVID-19 Vaccines arrive in Nigeria
Nigeria have received nearly four million doses of the COVID-19 AstraZeneca/Oxford vaccine, shipped via the COVAX Facility, a partnership between CEPI, UNICEF, Gavi and WHO (World Health Organisation). It is…
February 10, 2021
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…
February 9, 2021
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…
February 2, 2021
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…
January 19, 2021
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. …
January 6, 2021
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…
January 5, 2021
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…
December 10, 2020
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…
November 26, 2020
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…
November 24, 2020
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…
November 16, 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…
October 27, 2020
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…
August 18, 2020
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…
June 16, 2020
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…
March 31, 2020
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…
March 5, 2020
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…
January 31, 2020
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…
December 4, 2019
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…
December 3, 2019
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…
September 25, 2019
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…
September 12, 2019
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…
September 9, 2019
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….
August 19, 2019
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…
May 27, 2019
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…
May 27, 2019
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…
May 27, 2019
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…
March 29, 2019
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…
December 17, 2018
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…
October 25, 2018
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…
October 25, 2018
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%…
July 26, 2018
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…
June 21, 2018
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%…
June 21, 2018
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…
June 21, 2018
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…
June 7, 2018
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…
June 7, 2018
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…
May 21, 2018
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…
May 21, 2018
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…
May 21, 2018
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…
May 21, 2018
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…
May 17, 2018
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…
April 24, 2018
CPC alerts consumers on recall of certain Ford Fusion, Lincoln and Focus vehicles on account of manufacturing defect
April 24, 2018
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…
April 24, 2018
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.
April 24, 2018
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…
April 24, 2018
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…
April 24, 2018
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…
April 24, 2018
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…
April 24, 2018
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…
April 24, 2018
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…
April 24, 2018
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.
April 24, 2018
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…
April 24, 2018
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.
April 24, 2018
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…
April 24, 2018
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…
April 24, 2018
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…
April 24, 2018
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…
