Business
Dangote Peugeot begins 3008 GT assembly in Kaduna, unveils Landmark pickup
The official manufacturer and marketer of the Peugeot brand of vehicles in Nigeria, Dangote Peugeot Automobiles Nigeria Limited (DPAN), has taken another bold step towards regaining its leadership position in the auto market.
This time, DPAN has commenced the assembly of the GT model of the wave-making Peugeot 3008, which has hit commercial success and won awards with its different variants in various markets across the world.
With its 1.6 litre high performance turbo engine, Peugeot 3008 GT has expanded the existing line-up of vehicles from the assembly lines of the modern plant that opened some years ago in Kaduna.
The new 3008 GT is joining the existing ‘Made-in-Nigeria Peugeot’ range that includes the popular 301 sedan, and the 5008 (a large, seven-seater known for its spacious interior, stylish design, and modern technology features).
Get behind the steering and fall in love with the driver lumbar adjustment and massage seat. And, ready to go? Just push the start button, and you will hear the gentle hum of the engine that is mated to an Automatic Transmission system.
You will find the Bluetooth telephony very useful – keeping you clear of ‘phoning-while-driving’ infraction, which is one of the most violated traffic offences in Nigeria according to the Federal Road Safety Corps (FRSC).
For a long-distance drive on the highway, the vehicle’s cruise control enables the driver to maintain a preset speed without having the need to press the accelerator pedal.
A premium trim level of the Peugeot 3008 SUV, the new GT model being assembled by DPAN features auto headlights, fog lamps, day running lights, sunroof with sliding function and covering, and 17-inch alloy wheels.
Just as In its older siblings, safety, whether active or passive, has not been compromised in the 3008 produced with the needs of the Nigerian market and motoring environment in mind.
Some of the salient safety features are at least eight airbags ensuring comprehensive protection for all occupants, including the driver and front seat passenger; lane departure warning; electric child safety system; as well as graphic and audible rear parking assistance.
The vehicle is also endowed with Anti-lock Braking System (ABS) which obviates locking of the wheels during braking; Electronic Stability Programme (ESP) that prevents skidding and loss of control; and Electronic Brake-force Distribution (EBFD).
Working in tandem with the ABS during braking, EBFD distributes braking force to each wheel based on the vehicle’s weight distribution.
As in most class-beating Peugeot vehicles, 3008 GT flaunts the brand’s I-Cockpit, which interfaces with the driver through the 12.3” head-up display, the 8-inch touchscreen, and and a multifunction steering wheel.
The comfortable ambience of the interior is enhanced by the auto dual zone air-conditioner, cooling glove box, top quality CD/MP3 sound system with aux plug and HP pack, as well as rear power windows.
Dangote Peugeot Chief Commercial Officer, Umar Isa -Kaita, confirmed recently, that the automaker is also set to introduce into the light commercial segment of the market the Peugeot Landtrek 4×2 – a pickup truck with a rear-wheel drive system.
A 2.4 litre engine work horse, the vehicle is part of the Peugeot Landtrek pick-up truck range with a reputation for ruggedness.
Another member of the family is the 4×4 version (which DPAN may consider introducing later).
Isa-Kaita also disclosed that DPAN has been holding discussions with some auto companies towards expanding the Peugeot sales and after-sales network by accrediting dealerships in parts of Nigeria.
Apart from enhancing the visibility and availability of the new generation vehicles in all parts of the country, increased number of dealerships is expected to ensure satisfactory after-sales support for Peugeot owners nationwide.
Dangote Peugeot Automobiles Nigeria Limited is jointly owned by billionaire businessman and mega industrialist, Alhaji Aliko Dangote, through his Dangote Industries Limited; Kaduna, Plateau and Kebbi State Governments; and the technical partner (Stellantis Group, the parent company of Peugeot).
The addition of the 3008 GT to the ‘Assembled-in-Nigeria’ and the introduction of the Landtrek, were in fulfillment of the promise made by the company during the roll-out of the 301 in January, 2022.
The Managing Director, Ibrahim Isa Gachi, had assured that the Landtrek, 3008, 5008 and the new 508, would later be introduced into the market to follow the trail blazed by the 301.
An engineer with a wealth of experience in Nigeria’s auto sector, Isa Gachi is confident that with the capacity to assemble 120 sundry Peugeot vehicles a day (running two shifts), DPAN would gradually return the Peugeot brand to the forefront of the Nigerian auto market.
The roaring French lion emblem was the flagship brand of the Nigerian auto industry from the 80s to the early 90s until unfavourable economic atmosphere and policy inconsistency paved the way for the invasion of fully built-up vehicles with Asian DNAs.
Business
Naira Rates To Dollar , Pound, EURO… Monday, October 5
Black Market Exchange Rates
₦1365DOLLAR (USD)
₦1820POUND (GBP)
₦1535EURO (EUR)
₦970 CANADIAN DOLLAR (CAD)
₦65 SOUTH AFRICAN RAND (ZAR)
₦350 UAE DIRHAM (AED)
₦190 CHINESE YUAN (CNY)
₦100 GHANAIAN CEDI (GHS)
West African CFA ₦2300CFA
Central African CFA ₦2200
Australian Dollar currency ₦850AUSSIE (AUD)
Official CBN Exchange Rates
DOLLAR (USD)₦1330.10
POUND (GBP)₦1759.58
EURO (EUR)₦1496.76
SWISS FRANC (CHF)₦1605.62
JAPANESE YEN (JPN)₦8.45
CFA FRANC (XOF)₦2.29
WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1801.60
CHINESE YUAN (CNY) ₦198.39
SAUDI RIYAL (SAR)₦354.25
SOUTH AFRICAN RAND (ZAR)₦79.91
Business
Diesel Costs Bite: LAMATA Accelerates Shift To CNG, Electric Buses
The move comes as diesel prices have more than doubled, rising from about N950 per litre at the beginning of the year to between N1,950 and N2,100 per litre, depending on the source.
Lagos is accelerating its transition away from diesel-powered public transport as the Lagos Metropolitan Area Transport Authority (LAMATA) begins phasing out diesel buses from its regulated fleet, amid a surge in diesel prices that has pushed operating costs sharply higher.
LAMATA is targeting clean-energy propulsion for 52 per cent of its Bus Rapid Transit (BRT) fleet by 2050, with compressed natural gas (CNG) and electric vehicles (EVs) taking the place of conventional diesel buses under a policy that took effect at the beginning of 2026.
The Managing Director and Chief Executive Officer of LAMATA, Mrs. Abimbola Akinajo, disclosed this weekend, during the handover of 20 additional high-capacity CNG buses under the Presidential Initiative on CNG and EVs.
The latest delivery brings LAMATA’s CNG fleet to about 170 buses, following the deployment of approximately 150 CNG buses before the new vehicles were received.
The authority also operates high-capacity and medium-capacity electric buses.
Akinajo said some of the new CNG buses would be deployed on the busy Ikorodu–Tafawa Balewa Square corridor, where passenger demand remains high.
“We will only work with CNG or EV buses, and this has been the policy since the beginning of the year,” she said.
The move comes as diesel prices have more than doubled, rising from about N950 per litre at the beginning of the year to between N1,950 and N2,100 per litre, depending on the source.
For LAMATA, the shift is therefore not only an environmental policy but also a cost-management strategy aimed at shielding commuters and transport operators from the impact of rising fuel expenses.
Akinajo said regulated public transport fares had not been increased, partly because the lower operating costs of CNG and electric buses were helping to contain the pressure on operators.
“Regulated public transport fares have not increased, and these buses have helped us achieve that,” she said.
Diesel phase-outUnder the new policy, existing diesel-powered buses in the regulated system will be progressively replaced with CNG and electric alternatives.
Akinajo said the long-term direction was for the regulated system to ultimately operate an entirely electric fleet, while the broader clean-energy target provides a pathway towards reducing emissions from Lagos’ transportation sector.
Transportation remains a major source of emissions in the megacity, making the switch to cleaner buses a key component of Lagos State’s long-term ambition of achieving net-zero emissions by 2050.
Business
Naira Rates To Dollar, Pound ,Euro… Friday, October 2
BLACK MARKET RATES
₦1375DOLLAR (USD)
₦1845 POUND (GBP)
EURO (EUR) ₦1550
₦1000 CANADIAN DOLLAR (CAD)
₦70 SOUTH AFRICAN RAND (ZAR)
₦370 UAE DIRHAM
₦190 CHINESE YUAN (CNY)
₦100 GHANA CEDI (GHS)
₦2350 CFA F.(XOF)
₦2250 CFA F.(XAF)
₦850 AUSTRALIAN DOLLAR (AUSSIE)
Official CBN Exchange Rates
DOLLAR (USD)₦1329.16
POUND (GBP)₦1766.59
EURO (EUR) ₦1510.06
SWISS FRANC (CHF) ₦1593.91
JAPANESE YEN (JPN)₦8.47
CFA FRANC (XOF) ₦2.30
WEST AFRICAN UNIT OF ACCOUNT (WAUA) ₦1807.23
CHINESE YUAN (CNY) ₦198.25
SAUDI RIYAL (SAR) ₦353.97
SOUTH AFRICAN RAND (ZAR) ₦81.18
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