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    FX Restrictions: Nigerian banks resume international transactions on naira cards

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    Billionaire businessman Aminu Alhassan Dantata dies at 94

    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

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

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    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

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    Champion Breweries Plc to issue additional shares

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    Over 5 billion additional ordinary shares of Jaiz Bank Plc listed on NGX

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

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    DMO offers N300 billion FGN bond for auction in May

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    New hope for Naira fixed income savers?

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    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

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

    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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