- Kachikwu says the fall in diesel price is proof that petrol pump price will also fall soon - The oil minister predicts that the pump prices will start falling from between next 4 to 6 months - Kachikwu says the government has done huge work to stabilize the price of the
Vehicle
Automakers look ahead to replacing Houston’s drowned cars
DETROIT (Reuters) - The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their shares higher. General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV reported mixed
Used car dealers set to benefit from Hurricane Harvey damage in Houston USA
Roughly half a million vehicles are possibly damaged beyond repair by Hurricane Harvey, according to Cox Automotive. Hurricane Harvey flood waters have caused massive devastation to Houston, America's fourth largest city and the surrounding area since it made landfall last week. Harvey is the cause of what experts say will likely amount to
Lagos to build 57 computerised vehicle inspection centres
Nigeria, Lagos State Government annouced plans to build 57 state-of-the-art computerised vehicle inspection service centres for testing vehicles before being issued road worthiness certificates. The General Manager of Lagos Computerised Vehicle Inspection Service, (LACVIS) Mr. Segun Ogunnaike, who spoke on behalf of the Managing Director, Prince Segun Obayendo, at a forum
Toyota invests in ride-sharing app Grab
Toyota Tsusho Corporation, the sole general trading company of Toyota Group, has invested in Grab in its current financing round and is expected to raise $2.5 billion. This investment was made through its Next Technology Fund and is the latest participant in Grab’s current financing round, led by SoftBank and
Uber Announces Plan To Quit Tracking Riders After Drop-Off
Nigeria Customs impounds 64 cars valued at N1.528bn in Lagos, Ogun
The Nigeria Customs Service, Federal Operations Unit (FOU), Zone A, have impounded a total of 64 brand new exotic cars allegedly smuggled into the country by criminals. These cars were seized within a space of three weeks in Lagos and Ogun State and are worth over N1.528,200 billion. About Three weeks ago
Nigerian Firm, Nigus, to assemble electric cars by 2020
Nigus, a Nigerian firm, has concluded plans to assemble electric vehicles in the country by 2020. Its Chairman, Prince Malik Ado Ibrahim, who made this known in Abuja at the weekend, said he was pushing this line of investment to save Nigeria from becoming a dumping ground for hydrocarbon vehicles in
Nigerian, US firms jointly assemble low-cost bus
Lagos (Punch) - A new Lagos-based Nigerian firm, Buscar Nigeria Limited, has assembled a low-priced high capacity bus, in partnership with the United States engine maker, Cummins Inc. The automaker said in Lagos at the unveiling of the new vehicle named after the company, Buscar, that it was made as a city
Volkswagen, Fiat Discussing Joint Production of Light-Utility Vehicles
HAMBURG (Reuters) - Volkswagen and Fiat Chrysler Automobiles have held discussions on joining up to produce some light-utility vehicles, a source close to the matter said on Thursday. “It’s still very vague, we have to see if this will be pursued,” the source said, without giving any details. Fiat Chrysler declined to