Why Micking emerged Nigeria's oil of the year - Promoters – Newstrends
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Why Micking emerged Nigeria’s oil of the year – Promoters

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Micking brand of lubricants has won the Engine Oil of the Year award at the NAJA (Nigeria Auto Journalists Association) Awards.

The event attended by captains of auto industry, took place on February 9, 2023 at the Oriental hotel, Victoria Island, Lagos.

Micking brand is Korea’s number one premium motor oil, which has been in the international engine oil market for many decades and was introduced into the Nigerian market by Golden Stone Limited, championed by Mr Andy Offor.

Managing Director of Golden Stone Investments Limited, Offor, listed some of the qualities of the engine oil that made it the leading lubricant not only in Nigeria but also in South Korea, where the oil is rated as the best.

According to him, Micking gives up to 10,000 mileages before changing, extends the service interval as well as engine life, and drains the engine. The oil also improves protection against sludge and harmful deposits.

Apart from guaranteeing easy engine starting, and excellent high – and low temperature performance, he said the has remarkable anti-wear and anti-oxidation properties.

He said that as a result of its quality, Micking has a very large customer base, such as Dangote Automobiles, Briscoe Motors, Mandilas, Automedics, Clusco Motors, Kewalram, GIG Motors, and Mercedes-Benz. Others include ABC Transport, Ineh-Mic Motors, Izuchuckwu Motors, German Motors, and other corporate companies. “Micking’s exploit is all over the world because it covers all engine oil needs for any vehicle brand. From OW20 to 5W30, 5W20, 10W40, 20W50, etc  Micking has it all and is the best too,” Offor added.

The managing director stated that winning the award was just the beginning of what the product was about to do in Nigeria.

He advised motorists and auto companies yet to test the product to do so and give their engines the oil they have been waiting for.

Offor said, “We have done our comparable analysis, and I can confidently tell you that Micking product stands out, and no company in the country has the kind of wide range like Micking. Many have confessed to the quality, as it has solved smoking due to sludge, drying of oil in their engines, among others. It should be recalled that Micking is the first Korean oil maker to win a NAJA award since its inception.,”

 

 

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CBN directs banks to start deducting cybersecurity levies from customers

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CBN directs banks to start deducting cybersecurity levies from customers

The apex bank announced this on Monday, May 6, 2024, in a circular signed by Chibuzor Efobi, Director of Payments System Management, and Haruna Mustafa, Director of Financial Policy and Regulation.

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Forex: FG to delist naira from P2P platforms

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Forex: FG to delist naira from P2P platforms

The Federal Government is set to delist the naira from all Peer-to-Peer platforms to reduce the manipulation of the local currency value in the foreign exchange market.

Director General of the Securities and Exchange Commission, Emomotimi Agama, made this known on Monday at a virtual conference with blockchain stakeholders.

The goal of this resolution is to combat manipulation of the value of the local currency in the foreign exchange market.

In past months, the nation’s regulatory bodies have started looking into and closely examining cryptocurrency exchanges.

This is part of a number of regulations to be rolled out in the coming days.

He said, “That is one of the things that must be done to save this space. The delisting of the naira from the P2P platforms to avoid the level of manipulation that is currently happening.

“I want your cooperation in dealing with this as we roll out regulations in the coming days.”

The SEC DG decried how some market players were manipulating the value of the naira.

This, he said, was why the commission was “seeking collaboration and help in making sure that the crypto environment is respected globally”.

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Ikeja Electric cuts tariff for Band A customers

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Ikeja Electric cuts tariff for Band A customers

The Ikeja Electricity Distribution Company has announced a reduction in the tariff for customers under Band A classification from N225 per kilowatt-hour to N206.80kw/h

This is coming about a month after the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category to N225 per kwh — from N66.

The commission has clarified that customers under Band A receive between 20 and 24 hours of electricity supply daily.

Ikeja Electric said in a circular on Monday the cut in the new tariff rate would take effect from May 6, 2024.

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