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
CBN admits it opened domiciliary accounts for PFIPC agency
Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.
File photo : PFIPC agency DG, Adeniyi Adeyemi
The Central Bank of Nigeria had admitted that it opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC).
The apex bank made the confirmation, yesterday, during the public hearing convened at the National Assembly Complex by the House of Representatives Ad-hoc Committee investigating the existence and operations of the PFIPC, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas.
Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.
He explained that on July 30, 2025, CBN received a mandate dated July 29, 2025 from the Office of the Accountant-General.
“We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.
He explained the CBN’s verification process, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.
“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.
The department that handles the mandate is different from the department that actually does the account opening,” he said.
Nevertheless, he noted that no one came to activate the accounts after they were opened.“We did not receive any correspondence, mandate, signature or mandate cards. We were not introduced to the authorising or approving officers.“Based on that, those accounts remain inactive, with zero balance. There have been no foreign exchange allocations.
Business
Naira Exchange Rates At The Parallel/ Official Market Tuesday, 21 July
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 410 Sell ₦1,415
GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910
EURO (EUR) Buy ₦1,580 Sell ₦1,600
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,380.11
GREAT BRITISH POUND (GBP) ₦1,857.35
EURO (EUR) ₦1,575.95
SWISS FRANC (CHF) ₦1,705. 31
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦203.94
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32
SAUDI RIYAL (SAR) ₦367.49
SOUTH AFRICAN RAND (ZAR) ₦83.69
Business
Naira Exchange Rates Monday, 20 July
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 416 Sell ₦1,422
GREAT BRITISH POUND (GBP) Buy ₦1,895 Sell: ₦1,915
EURO (EUR) Buy ₦1,590 Sell ₦1,610
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,380.18
GREAT BRITISH POUND (GBP) ₦1,854.42
EURO (EUR) ₦1,577.00
SWISS FRANC (CHF) ₦1,707.94
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦203.57
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32
SAUDI RIYAL (SAR) ₦367.48
SOUTH AFRICAN RAND (ZAR) ₦83.29
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