What to consider before fleet procurement
By Theodore Opara For businesses that depend on vehicles for daily operations, buying a fleet is more than a capital expenditure. It is an investment in the ability to move goods, employees and services efficiently. This makes vehicle availability just as important as purchase price. Fleet procurement decisions are often influenced by acquisition cost, financing, […]
Geely to acquire 34.02% shares of Renault
By Theodore Opara CHINA’s largest privately-owned automotive group, Geely Automobile Holdings has entered into a share subscription and joint venture agreement subsequent to a framework agreement signed in January 2022 between Renault Group and Geely Holding Group. On completion, Geely Automobile Holdings (0175.hk) via its subsidiary, Centurion Industries Limited, will hold 34.02% of the total […]
AUTO FINANCING: NADDC seeks solutions from CBN
By Theodore Opara THE National Auotomotive Design and Development Council has begun discussions with the Central Bank of Nigeria, CBN, to design workable solutions that will make auto purchase affordable for Nigerians, Jelani Aliyu, the Director General of NADDC has disclosed. Aliyu gave the hint during his presentation at the 9th Annual Transport Lecture organised […]
CFAO Motors launches LOXEA Nigeria
By Theodore Opara CFAO Motors, a subsidiary of the CFAO group, the largest automotive distribution network in Africa with over 158 subsidiaries, recently launched LOXEA by CFAO in Nigeria. Already present in 22 African countries, LOXEA offers operating lease and fleet management solutions. As a result, customers can have better access to the CFAO range […]
Soft Alliance ‘Plate Detect’ to tackle vehicle documentation challenges
By Ebunoluwa Sessou RENEWAL of vehicle particulars, roadworthiness certificates and other vehicle existing documents can now be done with the launch of a platform called ‘Plate Detect’, which is expected to address vehicle documentation in Lagos and Nasarawa States. The ‘Plate Detect’, an innovation of Soft Alliance, is said to create convenience for getting vehicle […]
16th Lagos Motor Fair and Autoparts Expo holds indoor at Federal Palace
By Willie Samson THE 16th Edition of the Lagos Motor Fair and Autoparts Expo Africa will hold at the Federal Palace Hotel, Victoria Island, Lagos from May 30 to June 4, 2022. Mr. Ifeanyi Agwu, Managing Director of BKG Exhibition said this while announcing details of the event. According to him, the edition is holding […]
