Latest News of Nigeria and the World
Disturbing challenges in the road and rail sector in 2022 and lessons learned could be the catalyst for a safer and more viable transport industry this year. BENJAMIN ALADE reports. Although 2021 could be called the year when the ‘locust’ significantly ate up profits in the transportation sector, 2022 was no better despite a surge … Read more
While 2022 is a tough and challenging year for the global automotive market, in October Chery achieved sales volume of over 100,000 units for five consecutive months and annual sales volume of over one million units for the first time, demonstrating its strength in following the trend oppose . Chery’s monthly sales volume exceeded 100,000 … Read more
Following its 2022 launch in Nigeria, Nissan Navara has received significant patronage from the federal government and the corporate sector.Stallion NMN Limited General Manager, Nissan brand representative Amit Sharma indicated that sales of Nissan Navara at the end of the fourth quarter were better than expected. According to him, alongside government support, the truck is … Read more
The Director-General of the National Automotive Design and Development Council (NADDC), Jelani Aliyu, has awarded Innoson Vehicle Manufacturing (IVM) to supply the first batch of Innoson-branded vehicles worth US$4.7 million (approx billion N$) to Sierra Leone. The vehicles were manufactured at its plant in Nnewi, Anambra State, Nigeria. In a statement from NADDC, Aliyu said … Read more
Consumer electronics giant Sony and carmaker Honda, which collaborated on the design and manufacture of electric vehicles last year, have announced the name of their new car brand: Afeela. The two giants presented their first car innovation during the Consumer Electronics Show. Yasuhide Mizuno, CEO of Sony Honda Mobility, who led the unveiling of the … Read more
While 2022 is a tough and challenging year for the global automotive market, in October Chery achieved sales volume of over 100,000 units for five consecutive months and annual sales volume of over one million units for the first time, demonstrating its strength in following the trend oppose . Chery’s monthly sales volume exceeded 100,000 … Read more
Following its 2022 launch in Nigeria, Nissan Navara has received significant patronage from the federal government and the corporate sector. Stallion NMN Limited general manager, Nissan brand representative Amit Sharma indicated that sales of Nissan Navara at the end of the fourth quarter were better than expected. According to him, alongside government support, the truck … Read more
Luxury car customization and retail company Twincustom Nigeria Ltd has unveiled a range of bespoke car models in Lagos, Nigeria. The cars, which were hand-built by the local customizer and dealership to meet the high automotive tastes of the target customers, were presented at the event as Vintage Modern Bespoke Vehicles (VMBV). Affectionately known by … Read more
Indigenous shipowners under the aegis of the Nigeria Shipowners’ Association (NISA) have rejected the federal government’s claim for a US$350 million contribution to the Cabotage Vessel Financing Fund (CVFF). They said over $2 billion had been donated to the fund over the past 17 years, as opposed to the $350 million required by the federal … Read more
Hio Sola-Usidame is the founder of OnePort365, the first native digital freight forwarding company to develop an operating system for cross-border trade in Africa. He spoke to ADAKU ONYENUCHEYA about how the country can solve challenges in its port system as well as in cargo management. Nigeria is far from automating its port processes as … Read more
