No to total ban on tokunbo vehicles,says government
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 begins assemblage of JAC motors in Nigeria
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.
Nigeria’s auto sector shrinks amid uncertainty over economic slump, forex
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 ...
‘Auto review will address poor communication challenges’
“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.”