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In Nigeria, the Tokunbo market signifies the place where different kinds of used items such as electronics, cars, and domestic goods are sold. [ 2 ] These products are popular among the lower-middle class who cannot afford new cars often called Tear Rubber [ 3 ] [ 4 ]
[2] [3] [4] Innoson Vehicle Manufacturing is nicknamed Pride Of African Roads. According to the company, 70% of its car parts are produced locally, [5] while the rest are sourced from Japan, China, and Germany. [3] Among IVM's vehicle models are the five-seaters Fox (1.5-litre engine) and Umu (2-litre engine) as well as the mini-bus Uzo. [6]
Like Volkswagen, PAN began production in 1975 with inputs shipped in bits and pieces from abroad. The equity distribution was Peugeot Citroen (40%), Nigerian government (35%), Kaduna State (10%) and Nigerian Industrial Development Bank (5%). At onset, the cars were priced affordably and it became a popular car among the middle class.
[4] [5] As at September 9, 2024, Jiji is ranked as the 42th overall most visited website in Nigeria by Alexa, [6] and as the 42nd TOP site in Nigeria for all categories by SimilarWeb. [ 7 ] Jiji was founded in 2014 in Lagos , Nigeria by Anton Volianskyi, who is the company's CEO .
Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information. [1]
Three men still remain on federal death row after President Joe Biden issued sweeping commutations Monday to the sentences of 37 other prisoners who were awaiting execution.. Biden's decision is ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Ford said it would cut around 14% of its European workforce on Wednesday, blaming losses in recent years due to weak electric vehicle demand, poor government support for the EV shift and ...