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News
Motorists unaware third-party insurance excludes own vehicle damage, STI warns
6+ day, 14+ hour ago (445+ words) July 22, 2026 by Omobola Tolu-Kusimo Millions of Nigerian motorists are driving with the mistaken belief that third-party motor insurance covers damage to their own vehicles after an accident, Sovereign Trust Insurance Plc (STI) has said. The insurer warned that while third-party…...
Petrol importation reduces to 18.1ml/d in June, says NMDPRA
1+ week, 3+ day ago (159+ words) July 18, 2026 by John Ofikhenua, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that the volume of the Premium Motor Spirit (PMS) imported to country in June 2026 soared to 18.1million litre per day. The volume rose from the…...
Truck owners asssociation gets new zonal chairmen
1+ week, 4+ day ago (401+ words) July 17, 2026 by Our Reporter The Association of Maritime Truck Owners AMATO, Lagos State Chapter, has inaugurated newly elected zonal chairmen at its secretariat in Apapa, Lagos. They were charged to provide transparent, disciplined and dedicated leadership in advancing the welfare…...
S&P report: Dangote Refinery shields Nigerians from global fuel price shock
1+ week, 4+ day ago (504+ words) July 17, 2026 by Muyiwa Lucas According to the report, global pressure on crude oil price, including rising shipping cost, have led to sharp rise in international gasoline prices. However, in the case of Nigeria, the report said petrol prices in Nigeria…...
NADDC launches digital automotive repository portal
2+ week, 2+ day ago (498+ words) July 12, 2026 by Chinyere Okoroafor The National Automotive Design and Development Council (NADDC) has launched the National Automotive Repository Portal (NARP), a digital platform aimed at strengthening regulation, improving data management and enhancing the ease of doing business in Nigeria’s automotive…...
Warm welcome for biker Okedeyi after riding from London to Nigeria
2+ week, 3+ day ago (233+ words) July 11, 2026 by Segun Showunmi, Ibadan Captain Olatunji Emmanuel Okedeyi, the Nigerian biker who completed a remarkable 12,200-kilometre solo motorcycle expedition from London to Lagos to raise funds and awareness for global polio eradication, received a heroic homecoming in Ibadan. Okedeyi,…...
Let petrol price reflect crude rate, Fed Govt tells marketers
3+ week, 18+ hour ago (1019+ words) July 7, 2026 by John Ofikhenua, Abuja and Frank Ikpefan, Abuja The Federal Government yesterday directed petroleum industry’s regulators, operators and stakeholders to ensure that retail petrol price reflects the steep drop in crude oil price in line with acceptable standard of…...
IPMAN mulls lower petrol price cut as NMDPRA, Lokpobiri seek cost-reflective pricing
3+ week, 1+ day ago (728+ words) July 6, 2026 by John Ofikhenua, Abuja and Frank Ikpefan, Abuja … As Dangote offers IPMAN direct purchase window Speaking in Abuja yesterday IPMAN National President, Abubakar Maigandi Shettima, said the association’s new arrangement with the Dangote refinery would eliminate reliance on third-party…...
Lower import duties will reduce vehicle smuggling, say automobile dealers
3+ week, 1+ day ago (692+ words) July 6, 2026 by Udeh Onyebuchi President, National Association of Motor Dealers (NAMD) and Chief Executive Officer of Mitchel Automobile Limited, Prince Ajibola, has said Federal Government’s reduction in vehicle import duties will help curb smuggling by narrowing the price gap between…...
Dangote Refinery crashes petrol price by N50
3+ week, 4+ day ago (424+ words) July 3, 2026 by Muyiwa Lucas Dangote Petroleum Refinery & Petrochemicals has reduced the ex-depot price of Premium Motor Spirit (PMS), otherwise known as petrol. It marks its fourth price cut within a month as the company said it continues to pass lower…...