Nigeria's used vehicle imports hit N1,063tn in 2023 – NBS – Newstrends
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Nigeria’s used vehicle imports hit N1,063tn in 2023 – NBS

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Nigeria’s used vehicle imports hit N1,063tn in 2023 – NBS

Nigeria’s used vehicle imports increased by 226.46 per cent and hit N1,063 trillion in 2023.

The National Bureau of Statistics disclosed this in its combined trade data for 2023, recalling that Nigeria spent N325.05 billion to import used vehicles in 2022.

The NBS report shows that between 2022 and 2023, used vehicle imports increased by N736 billion.

In the first quarter, Nigeria’s total used vehicle imports stood at N72.32 billion, which decreased to N69.48 billion in the year under review.

However, in the second quarter of 2023, there was a hike in vehicle exports from N96.76 billion recorded in 2022 to N733.91 billion.

In the third quarter of 2023, this figure dropped to N138.50 billion, while the corresponding quarter of 2022 stood at N90.77 billion

For the last quarter of 2023, Nigeria imported used vehicles valued at N121.82 billion.

This was almost double the value of vehicle imports recorded in 2022 at N65.19 billion.

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BREAKING: Adeleke finally pardons ‘fowl thief’ Segun Olowookere

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Governor Ademola Adeleke and accused's mother

BREAKING: Adeleke Finally Pardons ‘Fowl Thief’ Segun Olowookere

Governor Ademola Adeleke of Osun State has granted the prerogative of mercy to Segun Olowookere, a young man convicted of armed robbery and sentenced to death by an Ogun State High Court in 2014.

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Olowookere was pardoned alongside Sunday Morakinyo and 51 others convicted of simple and serious offences on Thursday.

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Lagos-Calabar coastal road: Train track work begins 2025, says minister

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Lagos-Calabar coastal road: Train track work begins 2025, says minister

The Federal Government plans to begin constructing train tracks on Section I of the Lagos-Calabar Coastal Highway in 2025.

The Minister of Works, David Umahi, made this announcement during an inspection of Sections I and II of the project, which are located within Lagos and being handled by Hitech Construction Company Ltd, on Friday, December 20, 2024.

The details of the announcement were published in a statement on the ministry’s official website on Saturday.

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“The President has given very serious attention to road infrastructure. Don’t forget that this Coastal Highway and, of course, the four Legacy Projects all have the train track incorporated. The construction of the train track for this section I is going to take off in 2025,” Umahi stated.

The Works Minister outlined plans to enhance the Lagos-Calabar Highway in Sections I and II of Phase 1, including solar-powered CCTV cameras, lay-bys every 5-15 kilometers, and security posts for improved safety and monitoring.

He announced that 20 kilometers of Section 1 are scheduled for commissioning by May 2025. The Federal Controller of Works, Engr. Olukorede Kashia, noted challenges such as large refuse dumps and unsuitable soil conditions requiring extensive remediation during the project.

Lagos-Calabar coastal road: Train track work begins 2025, says minister

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Copyright: Court orders Adele’s song removed from platforms

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Adele Laurie Blue Adkins

Copyright: Court orders Adele’s song removed from platforms

A Brazilian court has ordered the removal of Adele’s 2015 song Million Years Ago from radio and streaming platforms worldwide following a copyright lawsuit filed by local composer Toninho Geraes.

The ruling, delivered by Judge Victor Torres, comes after Geraes accused the British singer of copying his 1996 classic Mulheres, originally performed by Brazilian artist Martinho da Vila.

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Geraes claims the track from Adele’s album 25 closely mirrors his 1995 composition, demanding recognition and compensation for the alleged infringement.

In the lawsuit, Geraes is seeking $160,000 in moral damages, lost royalties, and a songwriting credit on Adele’s track.

The court has also imposed a fine of $8,000 per act of non-compliance on the Brazilian subsidiaries of Sony Music and Universal Music Group.

 

Copyright: Court orders Adele’s song removed from platforms

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