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Auto finance takes centre stage as Jaiz Bank champions electric mobility at Abuja motor fair

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Auto Finance Takes Centre Stage as Jaiz Bank Champions Electric Mobility at Abuja motor fair

As the 25th Abuja International Motor Fair prepares to open at the Eagle Square on November 18 21, 2025, attention is turning to the evolving role of auto financing in shaping Nigeria’s transition to sustainable mobility.

Leading this transformation is Jaiz Bank Plc, which has positioned itself at the forefront of green transport financing through an ambitious proposal to the Katsina State Government (KTSG) for the supply of Hongqi E-QM5 Plus 2024 Model Electric Vehicles (EVs).

The proposal — aimed at converting the state’s executive fleet to EVs — reflects a growing alignment between Nigeria’s public sector modernization and global Environmental, Social, and Governance (ESG) goals.

It underscores Jaiz Bank’s commitment to delivering innovative, sharia-compliant financing models that make sustainable vehicle acquisition practical for both public and private institutions.

Sustainable Financing for a New Mobility Era

Jaiz Bank’s proposal centers on the Hongqi E-QM5 Plus, a premium electric sedan that combines cutting-edge technology with executive comfort. The car boasts a 560-kilometre range, 0.7-hour rapid charge time, and top speed of 160 km/h, making it ideal for official use and intercity travel.

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According to the bank, the initiative offers several key benefits for state governments, including:

Sustainability Leadership: Positioning states as trailblazers in eco-friendly transportation.

Operational Savings: Major reductions in fuel and maintenance costs compared to conventional vehicles.

Executive Comfort: Smooth, silent, and luxurious rides for officials.

Long-Term Value: Backed by an 8-year warranty and reliable battery technology.

“Our approach goes beyond financing,” the bank explained. “It’s a blueprint for sustainable modernization. The future of mobility is green, and the future of financing is flexible. Through our lease-to-own and sharia-compliant models, we are making electric mobility attainable without the usual financial risrisks.

Industry Endorsement and Broader Impact

Automotive industry experts have praised the initiative for tackling the two biggest barriers to EV adoption in Nigeria — high upfront costs and infrastructure concerns.

Analyst Mrs. Adebola Adesoga described the plan as “a game-changer,” noting that “by bundling financing with after-sales service and infrastructure support, Jaiz Bank is setting a model that can accelerate institutional adoption of EVs nationwide.”

Abuja Motor Fair: Platform for Change

Organisers of the Abuja International Motor Fair, BKG Exhibitions Limited, said the 25th edition would provide a crucial platform for discussions on auto financing, sustainability, and innovation.

The organisers urged banks and financial institutions to showcase their products at the fair and called on state governments to explore emerging financing models that can deliver cost-effective and environmentally responsible mobility.

“This year’s fair is not just about showcasing cars,” the organisers noted. “It’s about shaping the future of Nigeria’s automotive landscape through sustainable financing solutions.”

Auto finance takes centre stage as Jaiz Bank champions electric mobility at Abuja motor fair

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Motoring World marks 30 years, set to rally industry leaders in Lagos

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Motoring World marks 30 years, set to rally industry leaders in Lagos

Motoring World, one of Nigeria’s foremost automotive publications, will celebrate its 30th anniversary on June 4, 2026, with a high-profile event at the MUSON Centre.

The milestone gathering is expected to draw policymakers, industry leaders, diplomats and innovators to commemorate three decades of impactful journalism, advocacy and contribution to the growth of Nigeria’s automotive sector.

Founded on June 12, 1996, as a syndicated radio magazine programme, Motoring World pioneered automotive broadcasting in Nigeria before expanding into print in 1998. It has since evolved into a multi-platform brand at the forefront of promoting industry development, modernization and policy reform.

Over the years, the publication has gone beyond news reporting to play an active role in shaping regulatory frameworks, encouraging local content development and promoting industry standards.

Publisher and Chief Executive Officer, Femi Owoeye, said the organisation was driven by a clear vision from inception.

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“Motoring World started with a simple vision: to give voice and structure to Nigeria’s automotive industry. Over the years, we have gone beyond reporting to actively advocate policies that support industry growth, local production and a more structured ecosystem,” he said.

Activities lined up for the anniversary include the unveiling of a special 30th anniversary edition of Motoring World magazine, chronicling the evolution, milestones and future of the industry. Distinguished stakeholders with three decades of contributions to the sector will also be honoured.

A keynote lecture titled, “Reporting the Road Ahead: Automotive Journalism as a Catalyst for Nigeria’s Auto Industry Development,” will underscore the critical role of the media in shaping the nation’s automotive landscape.

Dignitaries expected at the event include the Minister of Industry, Trade and Investment, Jumoke Oduwole; the Director-General of the National Automotive Design and Development Council, Oluwemimo Joseph Osanipin; state governors, transport commissioners and members of the diplomatic corps.

Owoeye noted that the anniversary represents more than a celebration.

“This is a tribute to resilience, strong partnerships and the collective drive that has sustained the industry. As we honour key players and reflect on our journey, we are also setting the tone for the next phase of mobility in Nigeria,” he added.

The event promises a blend of reflection, recognition and renewed commitment to advancing Nigeria’s automotive industry.

 

Motoring World marks 30 years, set to rally industry leaders in Lagos

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Hyundai unveils flagship SUV Palisade, rolls out strong line-up in Lagos showcase

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Hyundai unveils flagship SUV Palisade, rolls out strong line-up in Lagos showcase

 

Hyundai Nigeria has unveiled the all-new Hyundai Palisade in Lagos, headlining a media showcase that also featured the Hyundai Accent, Hyundai Creta, Hyundai Tucson and Hyundai Santa Fe, as the automaker intensifies its push across key segments of the Nigerian market.

The event, held at the company’s Victoria Island showroom, offered journalists a first-hand view of Hyundai’s expanding portfolio, ranging from entry-level sedans to premium three-row SUVs.

Taking centre stage was the debut of the Palisade, Hyundai’s flagship SUV, positioned to strengthen the brand’s foothold in the premium segment.

With its bold exterior styling, spacious three-row layout, upscale interior and advanced safety and convenience features, the model is targeted at families and executive buyers seeking comfort, space and strong road presence.

Across the line-up, Hyundai showcased a broad spectrum of offerings. The Santa Fe reinforces its appeal as a refined, family-oriented SUV with generous cabin space and premium detailing, while the Tucson stands out for its blend of modern design, practicality and everyday versatility.

In the compact SUV category, the Creta was highlighted for its mix of style, efficiency and urban functionality, while the Accent sedan retains its positioning as a practical and cost-effective option for young professionals, fleet operators and first-time buyers.

Speaking at the event, Brand Head, Hyundai Nigeria, Gaurav Vashisht, said the launch underscores the company’s commitment to deepening its footprint in Nigeria with globally competitive products adapted to local needs.

“This introduction of the all-new Palisade strengthens our premium SUV offering while complementing a well-rounded line-up that delivers on design, safety, innovation and everyday usability,” he said.

The showcase also provided an avenue for media interaction with Hyundai executives and product specialists, alongside detailed vehicle walkarounds covering design, technology and safety features.

Hyundai Nigeria reaffirmed its focus on delivering globally benchmarked vehicles with strong local relevance, even as competition intensifies in Nigeria’s evolving passenger vehicle market.

The event also marked the launch of Hyundai’s Easter campaign, offering customers value-added benefits such as complimentary delivery, accessories, registration and service packages.

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Jetour T2 Plug-in Hybrid EV: Rugged Adventure Meets Smart Electric Power 

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Jetour T2 Plug-in Hybrid EV: Rugged Adventure Meets Smart Electric Power

 

Jetour is pushing the boundaries of Nigeria’s Sports Utility Vehicl (SUV) market with the T2 Plug-in Hybrid Electric Vehicle (PHEV), a model that blends rugged off-road capability with the intelligence of modern electrification.

Built for motorists who demand strength without compromising comfort or efficiency, the T2 PHEV cuts an imposing figure with its bold stance—measuring 4,785mm in length, 2,006mm in width and 1,875mm in height—making it both commanding and practical.

According to Jetour Nigeria, the SUV is engineered to strike a balance between performance and efficiency, delivering a smooth, refined driving experience while offering premium comfort for both city commutes and long-distance travel.

Its accredited dealers across Nigeria – Elizade Nigeria Limited, New Era Autovehicle Services Limited, Kojo Motors, Germaine Auto Centre, Tab Autos Limited, R.T. Briscoe Motors and Mandilas Autos, are ensuring accessibility and support for customers nationwide, as one of the SUV’s standout qualities is its dual driving nature.

The T2 Hybrid delivers impressive fuel economy on petrol but can switch seamlessly to pure electric mode when required.

This flexibility reduces fuel costs and supports the Federal Government’s drive towards cleaner and greener energy solutions.

Jetour has also addressed common concerns around electrified vehicles.

The T2 Hybrid supports fast charging, slow charging, engine charging and brake energy recovery. In real terms, the system ensures the battery is constantly being replenished while driving, eliminating range anxiety and making ownership easier.

When the battery gets low, the 1.5 litre turbocharged engine takes over, but not to drive the wheels. It acts as a portable generator, charging the battery while you keep driving.

Energy is stored in a 26.73kWh battery, giving the T2 Hybrid the confidence to handle highways, urban traffic and rough terrain with ease.

The arrival of the T2 PHEV builds on Jetour’s growing reputation in Nigeria.

In 2024, the brand was named Fastest Growing Brand at the Nigeria Auto Journalists Association (NAJA) Awards, while the Jetour Dashing clinched Nigeria’s Car of the Year in 2025.

Safety is a major strength. The T2 PHEV comes with multiple airbags, Advanced Emergency Braking, Electronic Parking Brake with Auto Hold, anti-rollover control and a 360-degree camera with 2D and 3D views.

Additional systems include lane departure warning, blind-spot detection, collision alerts, wading sensing system, bend braking control and automatic door locking.

Inside, technology and comfort take centre stage. A 15.6-inch touchscreen supports Apple CarPlay, Android Auto, Bluetooth, voice commands and wireless charging.

Features such as adaptive cruise control, panoramic roof, ventilated power seats, Sony 12-speaker audio and LED Matrix headlamps further enhance the experience.

Performance is sharpened by the advanced 3-speed Super E-Hybrid DHT system, delivering strong climbs, quick overtakes and efficient energy use.

It can run quietly on electric power for daily commutes or unleash turbo strength for long journeys.

Backing it all is strong aftersales support, including a five-year or 150,000-kilometre warranty, underlining Jetour’s confidence in its technology and commitment to Nigerian motorists.

With the T2 PHEV, adventure is not just about getting there, it’s about travelling smarter, cleaner and in unmistakable style.

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