Jetour Nigeria Extends Winning Streak, Clinches Auto Brand of the Year Award

Jetour Nigeria has reinforced its growing dominance in Nigeria’s automotive market after emerging Auto Brand of the Year at the 12th Nigeria Transport Lecture and Awards, adding yet another prestigious honour to its expanding list of industry accolades.

The award, presented at the Transport Day Media event held at the Radisson Blu Hotel, Ikeja, Lagos, recognises the company’s remarkable market growth, expanding customer base and commitment to delivering innovative mobility solutions backed by reliable after-sales support.

This latest recognition comes on the heels of Jetour Nigeria’s recent Market Share Leadership Award 2025 from Jetour International, further underscoring the brand’s rapid ascent as one of the country’s fastest-growing automobile brands.

A Rapid Rise to the Top

The award highlights Jetour Nigeria’s explosive growth trajectory, soaring market acceptance, and unwavering commitment to tech-driven vehicles and premium after-sales support.

Speaking on the decision to honour the brand, Publisher of Transport Day Media, Mr. Frank Kintum, noted that Jetour’s disruptive impact on the market made it impossible to ignore.

“The Jetour brand has made a remarkable impact on the Nigerian market since its introduction, and they have consistently sustained that momentum,” Kintum stated.

“It was therefore difficult to overlook the brand for this prestigious recognition.”

Power of Authenticity

This latest accolade underscores Jetour Nigeria’s position as the sole authorized distributor of the global brand. Officially appointed by Jetour International in 2022, the company holds the exclusive rights to import, distribute, and service the entire Jetour lineup in Nigeria.

To protect consumer investments, Jetour Nigeria has built a comprehensive automotive ecosystem. By purchasing through the official network, customers are guaranteed genuine spare parts, expert factory-trained technical support, and valid manufacturer warranties.

Global Recognition/ Diverse Lineup

Jetour Nigeria says in a statement tgst its aggressive market strategy is not just winning local awards, it is turning heads globally.

At the 2026 Jetour Global Conference, Jetour International presented the Nigerian team with the Market Share Leadership Award 2025, crowning it the brand’s top-performing market in Africa.

This joins an already packed trophy cabinet, which includes the Nigeria Auto Journalists Association (NAJA) New Entrant of the Year, Fastest Growing Auto Brand, and the NAJA Car of the Year for the sleek Jetour Dashing.

Jetour’s rapidly expanding portfolio caters to a new generation of Nigerian drivers, blending rugged capability with eco-conscious innovation-the Flagship- G700 stands at the apex of the lineup as a luxury off-roader that delivers highly efficient running costs thanks to its advanced Plug-in Hybrid Electric Vehicle (PHEV) powertrain.

The SUVs & Crossovers are the X50, X70 Plus, X90 Plus, T1 and the award-winning Dashing.

Rugged & Hybrid Capability-The rugged Jetour T2 (alongside its PHEV variant) and the X70 PHEV.

Nationwide Reach via Elite Dealerships

To ensure seamless, nationwide access to sales and premium maintenance, Jetour Nigeria operates through a carefully selected network of seven authorized dealership partners.

These remain the only entities officially recognized by both Jetour International and Jetour Nigeria to sell and service Jetour vehicles across the country, they are Elizade Nigeria Limited, New Era Autovehicle Services Limite, Kojo Motors, Germaine Auto Centre, R.T. Briscoe Plc, TAB Autos Limited, and Mandilas Motors.

Lasaco Assurance Raises ₦19.3 Billion in Oversubscribed Rights Issue, Surpasses Target by 4.5%

The capital injection, which exceeded the ₦18.47 billion target, marks a major step in the company’s recapitalisation drive under the Nigerian Insurance Industry Reform Act 2025.

Lasaco Assurance Plc has recorded a significant milestone in its ongoing recapitalisation programme, successfully raising ₦19.30 billion from existing shareholders through a rights issue that surpassed its target by 4.5 per cent. The oversubscribed exercise reflects strong confidence in the company’s strategic direction and financial fundamentals, demonstrating the trust that shareholders and investors have placed in the insurer’s long-term growth prospects. The capital-raising exercise has received key regulatory clearances, with the National Insurance Commission (NAICOM) conducting a comprehensive verification of the source of funds and subsequently issuing a confirmation of admissibility to the Securities and Exchange Commission (SEC). Following NAICOM‘s clearance, the SEC granted final approval for the rights issue, marking another significant milestone in the company’s recapitalisation journey.

As part of the regulatory review, an independent consultant appointed for the exercise completed an extensive verification of the company’s shareholders’ funds, assets, and liabilities, reaffirming Lasaco’s current admissible capital position. The verification process, which was conducted with the utmost rigour, confirmed the credibility and transparency of the capital raised, with the recently injected funds expected to further strengthen the company’s capital base upon their incorporation into the final computation. The successful completion of these critical regulatory and verification processes demonstrates the company’s disciplined execution strategy and unwavering commitment to sound corporate governance, regulatory compliance, and financial transparency.

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Commenting on the achievement, the Managing Director and Chief Executive Officer of Lasaco Assurance Plc, Mr. Ademoye Shobo, reaffirmed the company’s commitment to transparency and corporate governance while expressing gratitude to shareholders for their overwhelming support. “Our recapitalisation journey reflects our unwavering commitment to transparency, accountability, and responsible corporate governance. The overwhelming support from our shareholders and the successful completion of key regulatory milestones further validate the confidence reposed in our company,” Shobo said. He added that the company remains focused on concluding the remaining phases of the exercise and positioning Lasaco Assurance for sustained growth, enhanced competitiveness, and greater value creation for all stakeholders.

The insurer noted that the recapitalisation programme would significantly boost its financial capacity, improve underwriting capabilities, enhance risk retention, and reinforce its position as one of Nigeria’s leading composite insurance companies. The development comes as listed insurance companies across Nigeria step up efforts to strengthen their capital base ahead of the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, with eight insurers on the Nigerian Exchange Limited seeking to raise an estimated ₦78.66 billion through various capital-raising programmes, including rights issues, public offers, and private placements. Lasaco Assurance recently demonstrated its commitment to policyholders by incurring and settling claims totalling ₦17.60 billion in its 2025 financial period. The company also reported a return to profitability in the first half of 2026, recording ₦384.9 million compared to a loss of ₦731.5 million in the same period last year. As it advances towards the successful completion of its recapitalisation programme, the company remains focused on delivering sustainable value to shareholders, protecting policyholders’ interests, and contributing meaningfully to the continued growth and development of Nigeria’s insurance industry.

Lasaco Assurance Raises ₦19.3 Billion in Oversubscribed Rights Issue, Surpasses Target by 4.5%

NRC, Police Intensify Crackdown on Railway Vandals as Opeifa Pushes for Tougher Asset Protection

Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has vowed to strengthen the Corporation’s partnership with the Nigeria Police Force and other security agencies to combat vandalism and safeguard Nigeria’s railway infrastructure, following the recent arrest of three suspected railway vandals and the recovery of stolen materials valued at about ₦200 million.

Opeifa made the pledge on Friday during a courtesy visit to the Commissioner of Police, Oyo State Command, CP Olugbenga Ayodeji Abimbola, at the Command Headquarters in Eleyele, Ibadan.

He described the nation’s railway infrastructure as a strategic national asset that must be protected from criminal activities capable of disrupting rail operations and undermining the Federal Government’s investments in the sector.

Accompanied by the Commissioner of Police, Nigeria Railway Police Command, CP Lasisi Titilola, Opeifa said the NRC would continue to work closely with security agencies to ensure that all suspects arrested for vandalising railway facilities are thoroughly investigated and prosecuted to serve as a deterrent to others.

The NRC boss praised the Oyo State Police Command and the Nigeria Railway Police Command for their professionalism, vigilance and swift response, which led to the arrest of the three suspects during an intelligence-led operation.

The suspects were intercepted while allegedly transporting vandalised railway materials from Niger State to Lagos, with the recovered items estimated to be worth about ₦200 million.

Describing the operation as a significant breakthrough in the fight against railway vandalism, Opeifa said the success underscored the value of sustained collaboration between the Corporation and security agencies in protecting critical public infrastructure.

He reaffirmed the Corporation’s resolve to deepen cooperation with the police, other security agencies, state governments, host communities and relevant stakeholders to curb vandalism, theft and sabotage across the country’s railway network.

Opeifa also appealed to members of the public to support the campaign against railway vandalism by providing credible and timely information that could help security agencies prevent attacks on railway facilities.

“The Nigerian Railway Corporation remains committed to delivering safe, reliable and sustainable rail transportation while working closely with security agencies and other stakeholders to protect the nation’s railway infrastructure,” he said.

Responding, the Commissioner of Police, Oyo State Command, CP Olugbenga Ayodeji Abimbola, called on the National Assembly to review existing laws on vandalism of critical national infrastructure by prescribing stiffer penalties for offenders.

He warned vandals and other criminal elements to stay away from Oyo State, assuring that the Command would continue to track, arrest and prosecute anyone involved in the destruction or theft of public infrastructure.

Abimbola added that the three suspects and the recovered railway materials would be handed over to the Nigeria Railway Police Command for further investigation and prosecution.

The renewed security collaboration comes as the NRC intensifies efforts to protect rail infrastructure amid ongoing investments by the Federal Government to modernise Nigeria’s railway network and improve the safety and reliability of rail transport nationwide.