Business
Naira rises to N1,510/$ in parallel market
![](https://newstrends.ng/wp-content/uploads/2023/06/Naira-back-market-dollar-to-naira-scaled.jpg)
Naira rises to N1,510/$ in parallel market
The Naira yesterday appreciated in the parallel market to N1,510 per dollar from N1,515 per dollar last week Friday. However, the Naira depreciated to N1,508.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Naira rises to N1,510/$ in parallel market
Auto
Chery Showroom unveiling @ Ikeja City Mall creates excitement
![](https://newstrends.ng/wp-content/uploads/2024/07/IMG-20240705-WA0012.jpg)
Chery Showroom unveiling @ Ikeja City Mall creates excitement
Chery smart showroom has now become a brighter feature of the Ikeja City Mall, a magnificent shopping mall located at Alausa, near the Lagos State Government secretariat.
The unveiling of the ultra-modern car showroom was performed at the mall last week Thursday by Carloha Nigeria, the sole importer and franchise holder of Chery.
Speaking on the benefits of having the Chery showroom at the Ikeja City Mall, Sales and Marketing Director at Carloha, Mr. Joseph Omokhapue, said this would bring automotive solutions to its target audience in Ikeja community.
He also noted that it would help them to maximise the proximity to the Lagos State Government House, as well as harness the business opportunity therein.
“The showroom at Ikeja City Mall is a hub for automobile lovers to explore the advantage of Chery innovative technology,” he stated.
He also spoke on Carloha’s programme of making vehicle ownership easy and affordable.
For instance, Omokhapue urged car buyers to “deposit a N5 million naira on any Chery vehicle in the month of July, and get 5% discount on any Chery vehicle of choice, from Tiggo 8 pro, Tiggo 4 pro, Tiggo 2 pro and Arrizo 5 respectively.
“Carloha also offers six years free service as well as six years warranty or 200,000 kilometres, whichever comes first.”
Carloha described the unveiling as another day of celebration and a huge success, with customers, partners, and stakeholders in the automotive business gracing the occasion.
Guests were treated to a first look at the sleek and stylish Chery vehicles on display in the showroom.
The showroom was buzzed with excitement as attendees mingled and enjoyed refreshments while learning more about the features that Chery has to offer.
Business
NNPCL rolls out 12 new CNG stations in Lagos, Abuja
![](https://newstrends.ng/wp-content/uploads/2023/10/Nigerians-to-buy-CNG-for-gas-powered-vehicles-scaled.jpg)
NNPCL rolls out 12 new CNG stations in Lagos, Abuja
The Nigerian National Petroleum Company Ltd (NNPCL), on Thursday commissioned 12 compressed natural gas (CNG) stations to reduce transportation cost in the country.
Tinubu had on May 29, last year announced the removal of subsidy on petrol, a development that made the price rise from N197 per liter to N690 per liter.
The newly built CNG stations, which had six in Lagos and six in Abuja, were commissioned by the Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo.
Together, the Abuja and Lagos stations have a combined dispensing capacity of over 6 million standard cubic feet (MMSCF) of CNG per day, serving approximately 15,000 vehicles daily.
The newly built CNG stations, which had six in Lagos and six in Abuja, were commissioned by the Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo.
READ ALSO:
- Reactions as Sanwo-Olu tells retirees not to gift churches, mosque their pensions
- Nigerian Railway Corporation suspends Warri-Itakpe train after derailment
- Again, gunmen attack Benue communities, kill 6, raze houses
Together, the Abuja and Lagos stations have a combined dispensing capacity of over 6 million standard cubic feet (MMSCF) of CNG per day, serving approximately 15,000 vehicles daily.
Also speaking at the occasion, the managing director, NNPC Retail Limited, Mr Huub Stokman, revealed that in the next one year, NNPC Retail would have launched over 100 CNG sites, including 16 NNPC gas marketing and NIPCO gas JV sites.
“CNG provides Nigeria with affordable alternatives to existing available fuel products. It will be about 40 per cent cheaper than petrol in Nigeria; and with continued investments, it will become a significant part of our energy mix,” Stokman added.
On his part, the chairman of the NNPC Board of Directors, Chief Pius Akinyelure, said increased CNG adoption would foster economic benefits by reducing fuel cost for consumers and businesses alike.
Under the presidential CNG initiative, NNPC and NIPCO gas entered into a strategic partnership for expansion of CNG stations across Nigeria. Under this partnership, 35 CNG stations are to be constructed across Nigeria.
These CNG stations feature advanced reciprocating and hydraulic booster compressors, ensuring a dispensing pressure of 200 bar for CNG vehicles.
The CNG is supplied to stations in Abuja and Lagos via virtual transportation from mother stations in Ajaokuta, Kogi State and lbafo in Ogun state.
NNPCL rolls out 12 new CNG stations in Lagos, Abuja
Railway
Nigerian Railway Corporation suspends Warri-Itakpe train after derailment
![](https://newstrends.ng/wp-content/uploads/2023/11/Train-service-scaled.jpg)
Nigerian Railway Corporation suspends Warri-Itakpe train after derailment
The Nigerian Railway Corporation (NRC) has announced the suspension of its train services from Warri in Delta State to Itakpe in Kogi State, starting from Friday, July 5th.
The suspension is due to an obstruction on the track, according to the NRC.
This is contained in a notice sent to customers titled “Public Announcement” on Friday, saying that the agency would likely resume operations on Monday, July 8, 2024.
READ ALSO:
- Again, gunmen attack Benue communities, kill 6, raze houses
- EFCC nabs 3 fraudsters impersonating popular cleric on social media
- Man, 67, offers two siblings N500 to defile them in Bauchi
It read, “This is to officially notify our esteemed passengers that Warri-Itakpe Train will not run today being Friday, 5th July 2024 due to the obstruction we have on our track.
“We shall resume our normal train services on Monday 8th July 2024. Passengers who already booked their tickets online will be refunded.”
“All inconveniences is highly regretted. Thank you,” the statement added.
The train reportedly derailed on Thursday, July 4 at about 7.15pm.
A passenger on the train said it wobbled along its track at several locations and derailed.
It was however learnt that the NRC team was working to fix the problem.
Nigerian Railway Corporation suspends Warri-Itakpe train after derailment
-
News1 day ago
Fuel queues in Abuja, depots raise price to N710/litre
-
metro1 day ago
Nigerian man, family duped me of $370,000 – American lady
-
metro4 hours ago
Woman sells sibling ₦410k, gives money to fiancé to buy wedding items
-
News3 days ago
Tinubu to launch Sokoto-Badagry super highway in August – Minister
-
Education2 days ago
Public schools shine at MSSN’s Lagos Intellectual Competitions
-
International1 day ago
Only the ‘Lord Almighty’ could convince me to quit – Biden
-
metro2 days ago
Lagos police engage kidnappers in shoot-out, kill nine suspects
-
metro12 hours ago
Niger Gov Bago stirs controversy, orders assault, arrest of cleric (+ Video)