Volkswagen Dumps Nigeria, To Build Auto Assembly Plant In Egypt

Building upon the progress and mutual understanding achieved under the agreement signed in November 2023 – to work together to develop a feasibility study on a shared automotive painting facility within the East Port Said Industrial Zone in the East Port Said Automotive Zone (EPAZ) in Cairo – Volkswagen Group Africa and the Government of Egypt have signed a new agreement. This is coming at a time that the Volkswagen of Nigeria auto assembly line run by Stallion Motors has remained moribund as there have been no activities for years…

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Ecobank Nigeria Launches Super Rewards ‘Millionaire Geng Promo’

…To Reward Over 500 Customers’ For Loyalty Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group, has unveiled a deposit mobilisation campaign ‘Ecobank Super Rewards ‘Millionaire Geng Promo’ targeted at rewarding customers’ loyalty. The six-month campaign, which is set to run between July 1 and December 31, 2024, will see 540 customers of the Pan African bank winning various monetary rewards. Announcing the commencement of the campaign, Head, Consumer Banking, Adeola Ogunyemi said it is part of the bank’s strategy to reward customers’ loyalty, adding that…

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