Peugeot Automobile Nigeria
New investor takes over Peugeot, to inject $150m
A new Investor, NESBITT Investment Nigeria Limited, has taken over Peugeot Automobile Nigeria (PAN), with an assurance to inject $150 million in the company in the next three years. It said the fund would be invested in retooling and upgrading the automobile company’s assembly line, as well as support infrastructure and working capital. Speaking at…
Stakeholders urge speedy review of automotive sector plans
Relevant stakeholders in the automobile sector have sustained calls on the Federal Government for a speedy review of the proposed National Automotive Industry Development Plan (NAIDP) bill.
FG granting licenses to unqualified vehicle assemblers – Ex-PAN MD
The automotive sector remains vital TO any economy because of its huge contribution to gross domestic product, employment, skills development and linkages to other vital sectors, such as agriculture, aeronautics, space technology, food processing and others.
Sterling Bank orders 50 customised vehicles from PAN
[FILE] Sterling Bank[/caption4To support the growth and development of the Nigerian economy, leading lender, Sterling Bank Plc, announced a partnership with Nigeria’s premier automobile manufacturer, Peugeot Automobile Nigeria (PAN), to deliver 50 made-to-order vehicles for official use across the bank’s locations nationwide. In a first of-its-kind partnership, Sterling Bank teamed up with the Kaduna-based automaker…
PAN to assemble 3,500 units of vehicle in H1 2019
Peugeot Automobile Nigeria (PAN), a technical partner with Peugeot Citroen, will assemble 3,500 units in the first year and ramp up to 10,000 units later on at a plant that will be situated in Kaduna first quarter of 2019. This would be a joint venture with President, Dangote Group, Aliko Dangote and five Nigerian state…