Category: Business

Stanbic IBTC, PAN partner on vehicle financing

The Peugeot Automobile of Nigeria (PAN) Limited and the Stanbic IBTC Bank PLC have entered into a Finance Lease Agreement, to redefine vehicle financing and acquisition in the country. The agreement will also assisted many Nigerians…

Kia Cadenza wins award

The premium and stylish Kia Cadenza sedan has earned AutoPacific’s 2015 Ideal Vehicle Award (IVA) in the Large Car category (tie). AutoPacific’s IVA is based on over 66,000 surveys completed by new-car owners in the…

Online auto parts launched in Lagos

A new online store for auto spare parts, Izzy Parts based in Lagos, has been unveiled. The store, according to its owners, will offer vehicle owners quality and affordable auto spare parts. With a domain…

Over 5,800 cars hit in China blasts

Carmaker ,Tata Motors Ltd said on Friday that ‘many’ of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosion…

NCC de-activates, blocks 10.7m SIM lines

The Nigerian Communication Commission (NCC) on Wednesday said it has blocked 10.7 million mobile telephone lines out of 38.78 million Subscribers Identification Module (SIM) cards found to be defective and deactivated. The Head of the…

Regulator seals 8 petrol stations in Kaduna

The Department of Petroleum Resources (DPR), Kaduna Zonal Office, on Wednesday closed down eight petrol stations in the state  for allegedly selling petrol above the official pump price of N87 and adjusting their sales machines to…

PMB orders probe into sale of NITEL

President Muhammadu Buhari on Tuesday ordered the probe of the $252 million sale of the Nigeria Telecommunication Company (NITEL) which is the nation’s telecommunication carrier. The president  gave the order during briefing by Dr Tunji Olaopa,…