Zenith Bank, others shine as Toyota Nigeria celebrates loyalty, excellence at Awards Night - Newstrends
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Zenith Bank, others shine as Toyota Nigeria celebrates loyalty, excellence at Awards Night

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From left: Chairman, Toyota Nigeria Limited, Chief Michael Ade.Ojo; Admin Officer, Zenith Bank Plc, Clement Eremena; Managing Director of Toyota Nigeria, Kunle Ade-Ojo, and Senior Assistant Manager of Zenith Bank, Chinwe Onyido, at the presentation of the auto company's Evergreen Award to the bank at the Toyota Nigeria Award Night in Lagos on Friday.

Zenith Bank, others shine as Toyota Nigeria celebrates loyalty, excellence at Awards Night

 

Toyota (Nigeria) Limited (TNL) hosted an evening of appreciation, excellence, and reflection during its 2025 Awards Night, held on Friday May 30 in Lekki, Lagos.

The prestigious event brought together customers, dealers, government officials, and members of the media, all of whom have contributed to the company’s continued growth and dominance in the Nigerian automotive industry.

Delivering the keynote address, Managing Director, Toyota (Nigeria) Limited, Mr. Kunle Ade-Ojo, paid glowing tributes to the company’s loyal customers and strategic partners, describing them as the cornerstone of Toyota’s enduring success in Nigeria.

“We have come a long way together,” Ade-Ojo said. “Our relationship with our customers is one of mutual benefits and shared progress. We do not take your loyalty and patronage for granted, and we remain fully committed to continuously improving our operations and promptly responding to your evolving needs.”

He emphasized Toyota’s unwavering mission to deliver a “measurable and memorable motoring experience” through the supply of quality vehicles backed by reliable after-sales service, genuine spare parts, and a nationwide dealer network — the most expansive in Nigeria’s auto industry.

“In fact, we remain the only auto brand in Nigeria with such a comprehensive and strategic dealer network,” he noted. “This has enabled us to create multiple customer touchpoints across the country, particularly in the after-sales segment of the value chain.”

He credited Toyota Nigeria’s achievements to a well-trained and dedicated workforce operating across the nation and reaffirmed the company’s identity as a proudly Nigerian and responsible corporate organisation.

“Over the years, we have significantly contributed to Nigeria’s economy not only by fulfilling our civic responsibilities but also by supporting key government agencies and institutions,” he said, highlighting the Nigerian Customs Service as a notable example.

“We are grateful for the current leadership of Customs, which has made business operations more seamless. Please, a round of applause for their efforts.”

Ade-Ojo assured the guests of Toyota Nigeria’s continued commitment to nation-building, stating, “We will always strive to fulfill our obligations to the government for the betterment of our dear country.”

In a heartfelt gesture, the TNL MD extended his gratitude to the company’s stakeholders — including its partners, dealers, employees, and the motoring journalists.

The highlight of his address was a moving tribute to Toyota Nigeria’s board chairman, Chief Michael Ade.Ojo, whom he described as “a living legend” and the driving force behind the company’s success.

“This company — this iconic business model — was nurtured under your visionary leadership,” Ade-Ojo said.

“Your business acumen, administrative brilliance, and values of discipline, diligence, and innovation have inspired generations of professionals. We pray for your continued good health and strength as you guide us to greater heights.”

Zenith Bank Plc was declared the winner of the company’s Evergreen Customer of the Year Award, having consistently bought the highest number of Toyota vehicles from the TNL dealer for five years The company took home a brand new Toyota Rumion worth over N40m.

Winners in the Customer of the Year category, were the Enugu State Government (second runner-up), received N5m reward; Mota Engil (1st runner up) winning N7.5m, and AGL Motors, which was adjudged winner, got N10m.

As part of the evening’s celebration, three outstanding automotive journalists from 2024 were presented with awards in recognition of their excellence and dedication to the industry.

They are Theodore Opara, Vanguard’s motoring editor; Rasheed Bisiriyu, Newstrends and Frank Kintum, Transport Day.

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TCAN Honours Dangote Cement Transport for Safety, Logistics Excellence

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TCAN Honours Dangote Cement Transport for Safety, Logistics Excellence

Dangote Cement Transport has been recognised for its contributions to the development of Nigeria’s transport industry, winning the “Champion of Transport Industry Development Award” presented by the Transport Correspondents Association of Nigeria (TCAN).

The award, presented at the third Transport Summit organised by TCAN in Lagos, recognised the company’s efforts in improving road transport operations, strengthening safety standards and deploying more efficient logistics solutions to support industrial activities across the country.

Receiving the award on behalf of the company’s management, the Head of Dangote Cement Transport, Mr Murilo Silva, said the recognition was a reflection of the commitment of the company’s transport workforce, drivers, safety professionals, engineers and operational partners.

Silva said Dangote Cement viewed transportation as a critical component of industrialisation and economic development, stressing that the efficient movement of goods was essential to sustaining production, trade and national economic activities.

“We are deeply honoured to receive this award from the Transport Correspondents Association of Nigeria. This recognition reflects Dangote Cement Transport’s unwavering commitment to developing a safe, efficient and sustainable transport system that supports economic growth and national development,” he said.

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According to him, the company would continue to invest in technology, safety initiatives and operational improvements as part of efforts to raise standards across its transport operations.

“At Dangote Cement, we recognise that transportation is much more than moving goods from one point to another. It is a vital link in the nation’s economic ecosystem,” Silva said.

He added that the company would continue to deploy innovative solutions, strengthen its safety culture and collaborate with relevant stakeholders to improve road transport operations.

Silva dedicated the award to the thousands of drivers, transport professionals, engineers, safety personnel and logistics workers whose daily efforts support the movement of Dangote Cement products across its extensive distribution network.

“This award belongs to our drivers, our safety professionals and every member of our transport team who work tirelessly every day to ensure that our operations are safe, reliable and efficient,” he said.

The recognition underscores Dangote Cement Transport’s investments in fleet management, driver training, road safety programmes and technology-driven logistics solutions aimed at improving operational efficiency and reducing risks associated with road transportation.

The award was presented against the backdrop of growing calls for stronger collaboration between government and private-sector operators to tackle infrastructure and logistics challenges confronting the country’s transport industry.

The TCAN summit also featured discussions on port modernisation, rail integration and technology deployment, with stakeholders emphasising the need for coordinated action to improve freight movement, reduce logistics costs and accelerate innovation across Nigeria’s transport sector.

 

TCAN Honours Dangote Cement Transport for Safety, Logistics Excellence

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Carloha Opens Wider Access to Chery Q as Smart EV Enters Nigeria’s Mainstream

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Carloha Opens Wider Access to Chery Q as Smart EV Enters Nigeria’s Mainstream

 

Carloha Nigeria is taking the Chery Q to motorists across the country, widening access to an electric vehicle designed to combine affordability, practicality, intelligent technology and zero-emission motoring.

The move by the official franchise holder, assembler and authorised distributor of Chery vehicles in Nigeria is expected to give more Nigerian motorists an opportunity to experience the Chinese automaker’s latest generation of smart electric mobility.

Built around Chery’s global “Quest for Joy” philosophy, the Chery Q blends distinctive styling with intelligent technology, advanced safety features and efficient electric performance, while drawing inspiration from the heritage of the iconic Chery QQ family.

Carloha said the model is targeted at a broad spectrum of motorists, including young professionals, growing families, first-time electric vehicle buyers and urban commuters looking for a cleaner, smarter and more connected driving experience.

The Chery Q also brings a strong design proposition to the compact EV segment. Its award-winning exterior, recognised with both the Red Dot Design Award and iF Design Award, features expressive geometric styling, rounded LED lighting and a contemporary two-tone interior.

Despite its compact dimensions, the vehicle has been engineered to maximise interior space, achieving an 85 per cent space-efficiency ratio.

Measuring 4,195mm in length with a 2,700mm wheelbase, the Chery Q offers substantial passenger room while retaining the manoeuvrability expected of an urban vehicle.

Its practicality is further enhanced by luggage capacity that expands from 375 litres to 1,450 litres, alongside a 70-litre front trunk and 38 smart storage compartments.

According to the company, the combination makes the Chery Q suitable for a wide range of everyday applications, from city commuting and shopping to family outings and weekend journeys.

Beyond its styling and practicality, the electric vehicle has been developed around a rear-engine, rear-wheel-drive architecture, supported by independent suspension and balanced weight distribution to enhance handling and stability.

The model also features Electric Power Steering and a One-Box Brake-by-Wire system designed to provide smoother braking response, improved driving precision and greater control, while supporting regenerative energy recovery.

A key attraction for potential EV buyers is the Chery Q’s claimed driving range. The vehicle offers an estimated 420-kilometre NEDC range, giving users greater flexibility for daily commuting and longer journeys between charging sessions.

Charging downtime is also reduced through its fast-charging capability, with the battery able to move from 30 per cent to 80 per cent in about 16.5 minutes, according to the manufacturer.

With the nationwide rollout, Carloha is positioning the Chery Q as part of the growing transition towards cleaner and smarter mobility in Nigeria, as interest in electric vehicles continues to expand.

The company’s wider strategy of assembling and distributing Chery vehicles locally also places the Q within its broader effort to make the brand’s technology and vehicle range more accessible to Nigerian motorists.

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NADDC Pushes Affordable Auto Loans to Boost Vehicle Ownership, More Jobs

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NADDC Pushes Affordable Auto Loans to Boost Vehicle Ownership, More Job

 

The National Automotive Design and Development Council has called for far-reaching reforms in vehicle financing to make car ownership more affordable while boosting local vehicle assembly, job creation and industrial development.

The Council said a properly structured financing system could turn vehicle credit from a mere consumer lending product into a major economic tool for expanding productive mobility and strengthening Nigeria’s automotive value chain.

Director-General of NADDC, Otunba Joseph Oluwemimo Osanipin, stated this in an address delivered on his behalf by the Council’s Principal Information Officer, Tanko Kyumnom, at the Lagos Chamber of Commerce and Industry (LCCI) Auto Sectoral Group Symposium in Lagos.

The symposium, held on Thursday, September 17, 2026, at the Henry Fajemirokun Hall of LCCI, was themed: “From Subsidy to Credit: Can Vehicle Financing Replace Fuel Subsidy as Nigeria’s Mobility Equaliser?”
Osanipin said the growing cost of mobility had made it necessary to explore financing models that would enable individuals, businesses and transport operators to acquire vehicles without bearing the full cost of ownership upfront.

According to him, spreading vehicle payments over an agreed period could provide a more sustainable pathway to vehicle acquisition, provided that the financing products are affordable, accessible and structured around the economic realities of Nigerian consumers.

He, however, cautioned that simply making credit available would not be enough.
“Vehicle financing offers a more sustainable approach by enabling individuals, businesses and transport operators to acquire vehicles and pay for them over time,” Osanipin stated.
The NADDC DG said the bigger opportunity lies in linking vehicle financing with the growth of locally assembled and Nigerian-made vehicles.

He explained that increased access to credit for locally produced vehicles could generate wider economic benefits by stimulating demand for domestic assembly, supporting component manufacturers, creating jobs and strengthening local supply chains.

Osanipin therefore urged stronger collaboration among government institutions, financial institutions, vehicle manufacturers and other stakeholders in designing financing schemes capable of supporting both mobility access and automotive industrialisation.

The NADDC boss identified affordable vehicle loans, leasing arrangements, fleet financing, credit guarantees and appropriate interest-rate support as mechanisms that could broaden access to vehicle ownership and productive mobility.

lt also stressed the need for repayment structures that take into account the earning patterns and business realities of Nigerians, particularly transport operators and small businesses whose vehicles are directly linked to their income-generating activities.

Osanipin maintained that the objective should extend beyond increasing the number of vehicles on Nigerian roads.
“The goal is not simply to put more vehicles on Nigerian roads. It is to ensure that Nigerians can access productive mobility without placing an unsustainable burden on government finances or household incomes,” he said.

According to him, a properly structured automotive financing system could create a stronger connection between mobility, economic inclusion and domestic vehicle production.

“With the right policies and partnerships, vehicle financing can become a powerful instrument for mobility, economic inclusion and automotive industrial development,” Osanipin added.

The NADDC’s position places vehicle financing within the broader effort to build a sustainable automotive ecosystem in Nigeria—one in which access to credit supports vehicle users while also creating stronger demand for local assembly, components and associated automotive services.

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