• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Nissan Nigeria market share rises to 10 percent on auto policy

Nairametrics by Nairametrics
August 19, 2015
in Politics
Nissan Nigeria market share rises to 10 percent on auto policy
Share on FacebookShare on TwitterShare on Linkedin

Nissan Nigeria says its market share is rising partly as a result of investments made in response to Nigeria’s new auto policy.

In the period March 1st 2014 to April 31st 2015, Nissan significantly increased its share of the automotive market segment in Nigeria from 4 percent to 10 percent, the firm said in a statement.

Managing Director and President of for Nissan South Africa, Mike Whitfield, said:

RelatedStories

CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019

“We have worked side by side with the Stallion Group to achieve what is a very encouraging increase in our share of the key Nigerian market.

Within Nissan we have a strong desire to make a full and lasting contribution to rebuild automotive industrialisation in Nigeria and to play an important role in the growth of the manufacturing sector.”

The global Stallion Group partnered with Nissan in April 2013, forming Stallion NMN Limited, which became the sole manufacturer, importer and distributor of Nissan vehicles in Nigeria.

Since then the number of dealerships in Nigeria has increased.

The new Victoria Island showroom was the eleventh Nissan outlet in the country – a demonstration of Nissan’s long term commitment to increase brand visibility in Africa’s most populous country.

Nissan became the first automaker to build cars in Nigeria through the collaboration with Stallion Group.

Production began at the company’s Lagos plant in April last year and already four models are now coming off the production line” Proudly Naija”, creating jobs and developing skills within the local supply chain.

Sunil Vaswani, Chairman of Stallion Group, said: “Together with Nissan we are transforming Nigeria into a notable manufacturing and distribution hub. We will provide a comprehensive range of passenger, commercial and recreational vehicles, and are currently engaged in a dynamic program of new model introductions.It is our intention to progressively build Nissan’s market share in the coming years, and transform the Nissan brand into one of the largest automakers in Nigeria.”

Jim Dando, Nissan General Manager for Sub-Saharan Africa, said,

“We’re well placed in the Sub-Saharan region to meet our customers’ needs through an expanding model range, retail network and an evolving industrial footprint in Nigeria building cars ‘in’ Africa, ‘for’ Africa.

“Together with the Stallion Group, Nissan is fully committed to evolving and developing the business and playing an important part in the growth story of Nigeria’s automotive market.”

Nissan Nigeria vehicle assembly and manufacturing operation is located at along Badagry Expressway, Lagos, Nigeria. The plant is a leader in Nigeria with regards to sound environmental practice in its manufacturing process.

Nissan has three operational hubs and factories on the continent: Egypt in northern Africa, and Nigeria and South Africa in Sub-Sahara Africa.

Production of the first Nissan vehicles started at Stallion’s VON plant in Lagos in April 2014. In doing so Nissan became the first OEM automaker to build cars in Nigeria. The plant assembles the Nissan Patrol, Almera, NP300 and Urvan.

Nissan is targeting significant growth on the African continent.

In fiscal year 2013 the company sold nearly 110,000 units in Africa.

 

Tags: News Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices
Blurb

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019
Treasury Bills
Financial Literacy

20 Financial Terms You Need To Know In The Stock Market

August 5, 2018
MTN Nigeria Plc
Business News

30% equity of MTN’s shares could go to retail investors

June 13, 2018
[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies
Macros

THIS WEEK: Big Macros and a very important task for President Buhari.

June 10, 2018
internet subscriptions growth
Business News

Why Glo and 9mobile are losing their internet mobile subscribers

June 5, 2018
Next Post
Float A New National Airline For Nigeria. Buhari Orders

Why Nigeria Doesn’t Need a National Carrier

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • FG pays N8.6 billion in pension arrears, assures full settlement of N32,000 increment 
  • BREAKING: Nigeria’s inflation rate eases to 22.97% in May 2025 
  • BAD LOANS: Nigerian listed banks incur N3.77 trillion in loan losses since 2023, see top losers 

Follow us on social media:

Recent News

PFA, Nigerian University Pension Management Company,

FG pays N8.6 billion in pension arrears, assures full settlement of N32,000 increment 

June 16, 2025
Nigerian banks lose N42.6 billion to fraud in Q2 2024, surpassing full-year 2023 record

BREAKING: Nigeria’s inflation rate eases to 22.97% in May 2025 

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics