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    UK Court awards £20m Damages in favour of Nigeria against P&ID

    FG, States, LGs share ₦2.00 Trillion for month of July 2025

    SEC warns against investing with GVEST Global’s illegal schemes

    SEC warns against investing with GVEST Global’s illegal schemes

    Only 23% of Nigerians trust INEC- Report says

    APGA candidates win Anambra by-elections

    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

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    WAEC releases 2025 WASSCE results, how to check yours

    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

    Festus Keyamo – Our Plans for the Murtala Mohammed International Airport Lagos

    Weekly Market Report: NGX rose 0.48% as Conoil shareholders lose 18.89%

    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Access Holdings Plc appoints Mr. Innocent Ike as Group MD/CEO

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    International Energy Insurance Plc announces full and final repayment of JPY1.85 billion Coupon Bonds due 2028

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    International Breweries appoints Temitope Oluwatosin as Company Secretary

    Outcome of Cadbury Nigeria Plc and Berger Paints Nigeria Plc Board meetings

    International Energy Insurance Plc calls an emergency Board meeting

    Wema Bank Plc surpasses recapitalisation target

    Wema Bank Plc surpasses recapitalisation target

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    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Learn Africa Plc (formerly Longman Nig.) posts N429.53mn profit, to pay 25kobo dividend

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    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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CIG Motors partners with FCMB, offers up to N70m car loan to Nigerians

Thursday, 5 December 2024, 9:22 pm
in Business, Industry
0
CIG Motors partners with FCMB, offers up to N70m car loan to Nigerians
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CIG Motors has partnered with First City Monument Bank (FCMB) to make vehicle ownership more accessible for both individuals and corporate entities through flexible and affordable financing solutions.

This partnership allows customers to access FCMB auto loans of up to N70 million, with repayment terms extending up to five years for the purchase of brand-new GAC Motors.

The auto financing scheme offers several benefits, including free vehicle registration, a complimentary service package for the first year, a fuel voucher of N600,000, a five-year or 150,000 km warranty, and additional accessories such as fire extinguishers and foot mats. Jubril Arogundade, Executive Director of CIG Motors, stated, “With this new partnership, we are moving toward a future where more Nigerians can enjoy world-class mobility and achieve their aspirations. By combining CIG Motors’ expertise in automotive excellence with FCMB’s robust financial solutions, we are fostering economic growth and enabling dreams.”

During the Memorandum of Understanding (MoU) signing ceremony in Lagos, which was part of the CIG Motors Grand Auto Fair, Mrs. Yemisi Edun, Managing Director of FCMB, emphasized that the partnership provides a unique opportunity for customers to fulfill their dreams of vehicle ownership.

Represented by FCMB’s National Head of Sales, Mr. Emmanuel Comla, she remarked, “This initiative eases the challenges often associated with acquiring a vehicle, turning this cherished life milestone into a smooth and enjoyable experience. As a responsive institution, we ensure that our customers, including first-time vehicle buyers, can now own the car of their choice without hassle, thanks to this partnership.”

Vivian Ifunanya Gerald

Engineer, Entrepreneur, forex trader and Analyst

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