WesBank, a division of FirstRand Bank Limited, has signed a Memorandum of Understanding (MOU) with the National Automotive Council (NAC) of Nigeria, to offer vehicle finance to retail and corporate purchasers. The agreement aims to stimulate the sale of locally assembled vehicles in Nigeria.

Ford Motor Company has outlined its 2020 vision, which includes plans to substantially increase its global vehicle sales and automotive operating margin, and achieve more balanced geographic profitability.

Hyundai Motors Nigeria Limited has appointed Lagos-based automobile vending and aftermarket shop – Truckmasters Nigeria Limited as one of its provisional dealers at a sign-on ceremony in Lagos, where it charged the new agent to be steadfast and extend its role beyond being a simple sales and service shop to become customers’ lifetime companion.

The founder of Elizade Nigeria Limited, the number one Toyota dealer in Nigeria, Chief Michael Ade Ojo, has advised customers to ensure regular maintenance of their Toyota vehicles, especially at this time when import duties and taxes on new vehicles have risen to as high as 70 per cent.

SEDANS, SUV’s, Mini Vans, buses and trucks from the stables of SAIPA Automobiles of Iran and Shineray Automobile Co. of China, will lead the pack of new entrants of automobiles that will be on display at the Eagle Square, venue of the 16th Abuja International Motor Fair holding from 22 to 30 October, 2014.