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Cars45 Drives Innovation with Dealer Live Auctions
In a move geared at providing car dealers with best-in-class services and empowering them to have as many avenues as possible to buy and sell inventory, Nigeria’s leading technology-driven automotive platform, Cars45, has set up the Daily Dealer Live Auctions (DDLA) through its retail partner, Carsbazr.
This initiative will ensure that dealers have offline access to a large and rich inventory of cars in Carsbazr lots across the country.
“As a forward-looking business, it gives us joy to lead and provide direction for the nation’s automotive industry.
“We’ve built our business by consistently driving innovation and we will continue to expand the company’s platform to support dealers in accelerating their growth in this vibrant industry sector,” said Etop Ikpe, Chief Executive Officer, Cars45.
The first-of-its-kind in Nigeria, DDLA is expected to help deepen the culture of dealer live auctions as experienced in other climes.
The auctions will hold daily from one Carsbazr lot to the other on a weekly basis. Dealers will also have the opportunity of bringing their customers in to the venue and place bids on their behalf.
Speaking on this development, VP, Trading Cars45, Mohammed Iyamu noted that “the DDLA was set up because of feedback from dealers and aimed at providing them with access to cars that have not put up on our existing online car auction platform.
“We also want to provide dealers who want to re-stock quickly with the means to do so in a convivial and fun environment. All listed vehicles come with verified inspection reports that provide comprehensive details about vehicle conditions.”
John Egwu, Head, Carsbazr said that the cars that are available for the Dealer Live auctions have been massively discounted with a view to ensuring that when dealers leave these auctions, they leave with smiles and affordable cars as well.
“At Carsbazr, our intention is to empower dealers to tap into the wonderful business opportunity that these auctions present and support them to grow their dealerships,” he said.
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Senate Passes Bill to Sanction Trading, Preaching in Buses
By Modupe Gbadeyanka
A bill aimed at prohibiting hawking, trading or preaching inside commercial vehicles in Nigeria has been passed by the Senate.
The bill known as the Federal Road Safety Corps (Amendment) Bill, 2026, imposes fines between N50,000 and N100,000 for violations if assented to by the President.
The piece of legislation was passed by the red chamber of the National Assembly on Thursday and should later be transmitted to President Bola Tinubu for assent.
Members of the upper chamber of the parliament explained that the law was amended to discourage distractions in commercial vehicles and improve the safety of commuters.
In addition, motorists who fail to cooperate with officials of the Federal Road Safety Corps (FRSC) during roadside breath tests conducted on reasonable suspicion are liable to fines or imprisonment or both.
Lawmakers noted that this was to improve compliance with road safety regulations and reduce road crashes, as fines for driving under the influence of alcohol or intoxicating drugs were raised to N100,000 from N5,000, with the risk of spending two years behind bars.
It was also proposed that disobedience to traffic lights, road signs, pavement markings and other traffic control devices will now attract N100,000, while the fine for speed limit violations is now N100,000, with reckless driving now a fine of N100,000 or two years’ imprisonment.
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Company Gets Ultimatum to Stop Indiscriminate Truck Parking on Aina Obembe Road Baruwa
By Dipo Olowookere
Residents and motorists plying the Aina Obembe Road in Baruwa, Ipaja, Lagos, may soon heave a sigh of relief as the excruciating traffic gridlock being experienced in the area both day and night may soon be a thing of the past.
This is because the chairman of Ayobo-Ipaja LCDA, Mr Lukmon Agbaje, has directed those involved in indiscriminate truck parking along the road to remove the heavy-duty vehicles within one week, threatening to invoke appropriate enforcement measures for noncompliance with this directive.
Speaking during a meeting on Wednesday with the management of SENA Company, which owns the affected trucks, as well as the leadership of Oluwadara CDA and other key stakeholders like the Lagos State Traffic Management Authority (LASTMA), at the council’s secretariat, Mr Agbaje frowned at the prolonged inconvenience suffered by the community, stressing that public roads must remain accessible and safe for all users.
He emphasised the need for a collaborative approach in resolving the issue without undermining legitimate business operations, noting that he’s focused on finding a lasting solution to the gridlock experienced between Oluwaga and Aina Obembe, where parked trucks have continued to obstruct traffic, disrupt business activities, and pose safety concerns for residents and motorists.
He tasked the firm and the CDA to jointly identify and implement alternative parking arrangements that would remove all trucks from the affected roads and restore the free flow of traffic.
He declared that, “The welfare of our people remains our highest priority. No individual or corporate organisation should obstruct public infrastructure or create avoidable hardship for residents. We must ensure that economic activities coexist with public safety, order, and convenience.”
The council chief reaffirmed his administration’s commitment to promoting orderly development, ensuring safe and accessible roads, improving traffic management, and creating an environment where businesses can thrive alongside the well-being of residents.
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FG Rolls Out Green Tax, Cuts Vehicle Import Levies
By Adedapo Adesanya
The federal government has cut import levies on new and used vehicles by as much as 10 per cent in a move aimed at reducing the cost of vehicle importation, even as it commenced the implementation of a new Green Tax surcharge.
According to an update issued by the Nigeria Customs Service (NCS) on Wednesday, the import levy on new vehicles has been reduced from 20 per cent to 10 per cent, while the levy on used vehicles has been slashed from 15 per cent to five per cent under the 2026 Fiscal Policy Measures, which took effect on July 1, 2026.
The customs said the policy is designed to ease the cost of vehicle imports while advancing the government’s environmental sustainability objectives through the newly introduced Green Tax.
The implementation also reduces the overall import duty on fully built passenger vehicles from 70 per cent to 40 per cent.
As part of the Green Tax framework, a new environmental surcharge of between two per cent and four per cent will apply to petrol-powered vehicles with engine capacities exceeding 2,000cc. However, mass transit buses, electric vehicles, and passenger cars with engines below 2,000cc are exempt from the surcharge.
Beyond the automobile sector, the fiscal measures also lower import duties on several essential goods. The duty on imported rice has been reduced from 70 per cent to 47.5 per cent, while crude palm oil now attracts a 28.75 per cent duty.
In addition, import duties on agricultural and manufacturing machinery have been completely removed to support local production, while Waste PET has been added to the export prohibition list to encourage domestic recycling.


