Auto
Coscharis, Sterling Bank collaborate on e-commerce, vehicle finance
Coscharis Motors Plc says it is collaborating with Sterling Bank towards making its vehicles available for people through the bank’s non-interest banking division platform – AltDrive.
According to a statement by the auto firm, the objective of the scheme is to ease the road to ownership via e-commerce transactions which can be self-funded or financed by the bank.
The statement quoted Abiona Babarinde, General Manager, Marketing and Corporate Communications at the Coscharis Group, as saying the idea was to provide customers an online retail marketplace that would offer them one-stop boutique to access and purchase any vehicule brand sold by Coscharis Motors either through self-funding or credit finance from Sterling Bank.
He said, “The primary objective of this collaboration is to provide our customers an e-commerce platform with a credible financial institution like Sterling Bank as an extension of our showrooms where they can access our robust brand portfolio which includes iconic brands like Ford, Renault, BMW, Jaguar and Land Rover at a go on one hand.
“On the other hand, the partnership offers a vehicle finance scheme, which is aimed at empowering retail and fleet buyers to purchase their choice vehicles from any Coscharis Motors outlet nationwide through a repayment plan with Sterling Bank.
“Accordingly, the scheme will allow a repayment pattern spread over a period of five years with the option of a 15% to 30% down payment.”
Babarinde also stated that the focus was to deliver customers satisfaction given the bank’s friendly interest rate, ease of accessibility, quick turnaround time for credit processing at the bank and availability of myriads auto brands”
He said, “We took this strategic decision earlier in the year to collaborate with relevant stakeholder partners to be able to give our numerous discerning customers and prospects alike the soft landing of owning any of our vehicles with ease in terms of providing friendly financial schemes.
“We started this initiative with one of our sister companies in the group, Coscharis Mobility, representing Sixth in Nigeria amongst some other financial institutions while others are in the pipeline to come on board. This ultimately gives anyone the capability to purchase any of our brands with a more convenient payment terms with any of our partners like the Sterling Bank.”
In addition to the financial scheme, Coscharis Motors said it also delivers complementary vehicle registration, insurance and vehicle maintenance packages from two to five years.
Auto
Changan CS55, Kia Seltos take top SUV honours at 2025 NAJA Auto Awards
Changan CS55, Kia Seltos take top SUV honours at 2025 NAJA Auto Awards
Changan CS55 and Kia Seltos have clinched top honours at the 2025 Nigeria Auto Journalists Association (NAJA) International Auto Awards, winning Midsize SUV of the Year and Compact SUV of the Year, respectively.
The awards were announced at a recent well-attended ceremony held at the Oriental Hotel, Victoria Island, Lagos, which brought together key stakeholders across Nigeria’s automotive value chain to celebrate excellence, resilience and innovation in the industry.
Changan CS55’s latest recognition comes after its impressive performance at last year’s 17th edition of the awards, where it was crowned Nigeria’s New Car of the Year.
At the 2025 ceremony, the compact crossover SUV edged out strong contenders such as the Kia Sonet and Chery Tiggo to secure the coveted Midsize SUV title.
Changan vehicles are marketed and assembled in Nigeria by Mikano Motors, reinforcing the growing impact of local assembly in the country’s automotive sector.
In the Compact SUV category, the Kia Seltos emerged winner, beating notable competitors such as the Toyota Prado, Changan CS55 and Chery Tiggo.
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Industry analysts have described the Seltos as a compelling blend of practicality and style, praising its bold design, versatility and appeal to modern drivers.
Other corporate winners at the event are the Mikano Group, which was named Auto Company of the Year; Iron Products Industries (IPI) Limited, honoured as Truck Assembler/Body Builder of the Year; Lanre Shittu Motors (JAC), awarded Truck Plant of the Year; and Innoson Vehicle Manufacturing (IVM), which won Passenger Car Assembly Plant of the Year.
These recognitions highlighted the depth and growing strength of indigenous participation in Nigeria’s automotive industry.
Speaking at the ceremony, the Director-General of the National Automotive Design and Development Council (NADDC), Otunba Joseph Osanipin, commended NAJA for sustaining a credible platform promoting excellence and accountability within the sector.
In his welcome address, NAJA Chairman Mr Theodore Opara described the awards as a benchmark for performance in Nigeria’s evolving automotive ecosystem, noting that the industry continues to adapt amid policy reforms, technological advancements and changing consumer expectations.
The 2025 NAJA International Auto Awards once again underscored the critical role of leading brands in strengthening Nigeria’s transportation and industrial backbone, while celebrating outstanding achievements across the nation’s automotive landscape.
Changan CS55, Kia Seltos take top SUV honours at 2025 NAJA Auto Awards
Auto
JIM-ISUZU, JéGO EV, Nord A9, New Era Win NAJA ‘New Entrants of the Year’
JIM-ISUZU, JéGO EV, Nord A9, New Era Win NAJA ‘New Entrants of the Year’
JIM-ISUZU Pick-Up, JéGO EV, Nord A9 and New Era Automobiles have been named New Entrants of the Year at the 2025 Nigeria Auto Journalists Association (NAJA) International Auto Awards, underscoring the growing depth and competitiveness of Nigeria’s automotive market.
The awards were presented on Tuesday, December 16, 2025, at the Oriental Hotel, Victoria Island, Lagos, during the 18th edition of the annual industry event.
JIM-ISUZU pickup emerged as a winner in the category, with its Chairman and Chief Executive Officer, Chief Anselm Ilekuba, receiving the award on behalf of Cedric Autos Limited. Ilekuba, who also serves as National Coordinator of the Automotive Local Content Manufacturers Association of Nigeria (ALCMAN), thanked NAJA for the recognition, saying it would spur the company to deepen its commitment to quality and local industry growth.
The recognition of JéGO EV, Nord A9 and New Era Automobiles also reflects their successful entry into the Nigerian market, rising consumer acceptance and the promise they hold for the sector, particularly in the areas of innovation and alternative mobility solutions.
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Other major winners on the night included Jetour Dashing, which clinched Nigeria’s 2025 Car of the Year, defeating strong contenders such as Changan CS55 and Chery Tiggo.
Mercedes-Benz S-Class won Luxury Car of the Year, Range Rover Autobiography (Coscharis Motors) took Luxury SUV of the Year, while Toyota Hiace emerged Minibus of the Year.
On the corporate front, Mikano was named Auto Company of the Year, Toyota Nigeria’s Isolo facility won Workshop of the Year, and Dangote Sinotruk emerged Heavy-Duty Truck Brand of the Year.
Iron Products Industries (IPI) Limited clinched Truck Assembler/Body Builder of the Year, while Innoson Vehicle Manufacturing (IVM) was recognised as Passenger Car Assembly Plant of the Year.
Speaking at the ceremony, the Director-General of the National Automotive Design and Development Council (NADDC), Mr Joseph Osanipin, commended NAJA for sustaining a credible platform that promotes professionalism, innovation and excellence in the automotive industry.
NAJA Chairman, Mr Theodore Opara, said the awards have remained one of the sector’s most respected benchmarks, noting that the initiative continues to evolve in line with rapid changes in vehicle technology, alternative energy solutions and consumer expectations.
The 2025 NAJA International Auto Awards once again reinforced its role as a key barometer for automotive excellence in Nigeria, with the emergence of JIM-ISUZU and other new brands signalling a vibrant and increasingly competitive market.
JIM-ISUZU, JéGO EV, Nord A9, New Era Win NAJA ‘New Entrants of the Year’
Auto
ANAMMCO, Stallion, RT Briscoe Honoured as Nigeria’s Most Resilient Auto Brands
ANAMMCO, Stallion, RT Briscoe Honoured as Nigeria’s Most Resilient Auto Brands
ANAMMCO Motors and Parts Ltd, Stallion Motors and R T Briscoe have been named Most Resilient Auto Brands of the Year at the 18th Nigeria Auto Journalists’ Association (NAJA) International Auto Awards, held at the Oriental Hotel, Victoria Island, Lagos.
The recognition was announced at the well-attended ceremony that celebrated excellence, innovation and long-term impact across Nigeria’s automotive value chain.
NAJA said the three companies stood out for their consistency, adaptability and sustained contributions to the growth of the auto industry.
According to the association, the Resilient Auto Company of the Year category honours firms that have demonstrated institutional strength, commitment to local content development and unwavering support for Nigeria’s automotive ecosystem, even amid economic headwinds, policy shifts and changing market dynamics.
The endorsement of ANAMMCO, Stallion Motors and R T Briscoe underscores their ability to remain operationally relevant while contributing to local vehicle assembly, skills development and industrial capacity building over several decades.
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ANAMMCO Motors and Parts Limited is a leading vehicle manufacturing company with a broad portfolio spanning commercial vehicle production, third-party assembly, refurbishment, vehicle and spare parts sales, body building, workshop services, as well as training and consultancy.
Stallion Motors Limited, the automotive arm of the Stallion Group, is a major force in Nigeria’s auto sector, combining vehicle retail, after-sales support, parts distribution and local assembly. The company is the authorised distributor for several global brands, including Honda, Hyundai, Nissan, Changan, Ashok Leyland, Morris Garages (MG) and Bajaj three-wheelers.
In addition to the resilience award, Stallion’s Sonu Singh was named Marketing/Media Manager of the Year at the ceremony.
R T Briscoe, one of Nigeria’s oldest auto companies, was recognised for pioneering structured vehicle sales, professional servicing and spare-parts support in the country.
At a time when vehicle imports were largely informal, the company introduced standardised dealerships, manufacturer-backed warranties and some of the best-equipped auto workshops in Nigeria.
In his welcome address, NAJA Chairman, Mr. Theodore Opara, described the awards as a benchmark for industry performance, noting that resilience has become a defining attribute in the face of global supply chain disruptions, energy transition pressures and ongoing policy reforms.
He added that award recipients emerged through a transparent and rigorous assessment process anchored on professionalism, industry relevance and measurable impact, stressing that despite prevailing economic challenges, Nigeria’s auto industry continues to demonstrate resilience, creativity and strategic adaptation.
ANAMMCO, Stallion, RT Briscoe Honoured as Nigeria’s Most Resilient Auto Brands
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