The National Automotive Design and Development Council (NADDC) has vowed to put a stop to yearly importation of more than 400,000 used vehicles...

The recent call for the downward review of tariff on all imported vehicles into the country by the Comptroller Genera, Nigeria Customs Service (NCS), Ahmeed Ali, has elicited divergent concerns from stakeholders. But they all point to the fact that Nigeria is losing fortunes to the imperfect system.

The plan provides for a credit purchase scheme, to ensure that funds are available cheaply, and made available as loans to civil servants, haulage and passenger commercial companies, and the general public that patronise made in Nigeria vehicles.

Globe Motors has started the production of Hyundai and Higer brands of vehicles in its assembly plant in Lekki, Lagos. Located along the Eleko-Ibeju-Lekki area of Lagos, the plant for now has an installed capacity of 6,000 vehicles yearly, which the company said can also be increased depending on market forces. This automobile marketing company…

Kojo Motors Limited is setting an ambitious goal that will see the wholly Nigerian-owned company assemble different range of Yutong buses locally.

Coscharis Group has unveiled its Ford assembly plant in Lekki area of Lagos. It has the capacity to produce 10,000 to 20,000 cars yearly.

The Federal Government will not totally ban the importation of fairly used vehicles (tokunbo) until a robust finance scheme is launched to enable Nigerians to buy brand new ones...

Elizade Auto Land Ltd, authorised dealer of JAC Motors in Nigeria, on Wednesday started assemblage operation in Lagos to roll out 15, 000 vehicles yearly from Semi Knock Down (SKD) parts.

The automotive industry is a key sector in most economies across the world. Industry statistics of countries with robust auto sectors show that the design, manufacture and sales of automobiles...

To most players in Nigeria’s automotive sector, the decline in economic activities visible in real gross domestic product (GDP) contraction of - 2.24 per cent (year-on-year) in the third quarter ...

“We are in discussion with both the Nigeria Customs Service (NCS) and the Ministry of Finance, to make sure that the tariff and the incentives we have are general.”

The endless delay in review of the nation’s automotive policy is creating a challenging market scenario for industry operators who lamented that the situation is going from bad to worse.