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The other major passenger vehicle manufacturer is Peugeot Automobile of Nigeria also known as PAN. 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 ...
On 20 May 2022, Innoson presented its first "Keke". Kekes are three-wheeled motor vehicles and the main means of transport in Nigeria. They have so far been imported from the Far East and usually cost about 800,000 Naira or 1,600 Euros. Innoson announced a selling price of 500,000 Naira or 1,000 Euros.
Back in 2015, the company added another feature to its hat by crossing the sales mark of 1 million (10 lakh) sold units in the domestic market. [19] The car has been grossing up a sales number of over 15,000 and close to 20,000 in the 2016–17 period where it has registered more than double the sales number of its competitors like the Honda ...
A new sex trend among college students is getting attention on TikTok − and it has doctors worried.. That trend is using honey packets, a controversial supplement marketed for sexual enhancement ...
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [57] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.
Trion Supercars is an American private automotive company based in Las Vegas. It was founded in 2012 by American automotive engineer Richard Patterson. The company has been developing the "Nemesis", [1] [2] which was originally scheduled to be their first produced vehicle sold to the public.
A report by management consulting firm IMARC found the country’s online food delivery market is expected to grow by more than 10% to reach nearly $2.4 billion in 2032. One necessity to boost ...
Jelani Aliyu (born September 8, 1966) is a Nigerian automotive designer who worked for the American car company General Motors.He was a senior creative designer at GM until his appointment as the director general of the National Automotive Design and Development Council (NADDC) in 2017 by the former Nigerian president Muhammadu Buhari.