Business
Geely Galaxy unveils EV vehicles in Nigeria, partners TIM Motors
Geely Galaxy, the premium new-energy vehicle brand under Geely Auto Group, has made an official entry into the Nigerian market through a strategic partnership with TIM Motors.
Geely, which also owns globally recognised brands including Volvo Cars, Polestar, and Lotus, is one of China’s leading automotive manufacturers and a major force in the country’s transition to new-energy mobility.
In a special event in Lagos on Friday, the company unveiled three Geely Galaxy models, the EX5 EM-i, the EX5, and the EX2, designed to meet diverse customer needs across the Nigerian market.
The EX5 EM-i is a smart family SUV that combines petrol and electric power for extended driving range of more than 1000km, reduced fuel consumption, and lower emissions. For Nigerian families who want to spend less time at the fuel station and more time on the road, the EX5 EM-i delivers. The EX5 is a value-focused mid-size SUV with a premium, tech-forward interior and over 430 km of driving range. The EX2 is an all-electric subcompact hatchback built for the realities of city life. Affordable, intuitive to drive, and remarkably efficient, it is the answer for commuters tired of fuel queues and rising running costs.
Geely has built a strong reputation for innovation, quality, and intelligent vehicle technologies across both New Energy Vehicle (NEV) and Internal Combustion Engine (ICE) markets. It ranks seventh globally by annual vehicle sales, with over 3.4 million units sold, placing it among the world’s most successful automotive manufacturers. Its footprint continues to grow across international markets.
Thew General Manager of the Passenger Vehicle Business Unit at TIM International, Leon Zhan, expressed excitement about the brand’s arrival, confirming that the company is fully prepared to support ease of ownership and deliver reliable aftersales service through its nationwide network of service centres, spare parts availability, and warranty coverage.
“Electric vehicles represent the future of driving in Nigeria, and we are proud to bring that future closer to Nigerian consumers as the exclusive local partner of Geely Galaxy, a brand built on EV innovation, technology, and performance. We have a product that is a solution for the present challenges and future that people crave for. We are here not just to sell these brands, but to provide a full aftersales support structure covering spare parts and warranty servicing,” Zhan said.
Sales Lead, TIM Motors Abuja Office, Stephanie Odia, stated that the vehicles are fitted with many advanced safety technologies including a Level 2 Advanced Driver Assistance System. This feature, she explained has several functions such as the automatic emergency braking, adaptive cruise control, lane keeping assist, blind spot detection and 360-degree surround cameras.
She added that Geely Galaxy’s products were engineered to address what customers have long been asking for: lower fuel costs and vehicles that work within local infrastructure realities. The brand’s offerings, she opined, were designed to balance performance, affordability, and efficiency across its model range.
TIM Motors was appointed as Geely Galaxy’s exclusive general distributor in Nigeria on the strength of its continental sales network and its track record of customer support across Africa, giving Nigerian buyers the assurance of a partner who understands the local market.
The appointment reflects a commitment to making every customer interaction, from purchase to aftersales, seamless and reliable. TIM Motors’ proven experience across the African auto industry and its understanding of local customer needs are seen as central to Geely Galaxy’s success in Nigeria.
The launch event was held under the theme “Powering the Future,” reflecting Geely Galaxy’s vision of making intelligent, sustainable mobility more accessible to Nigerian consumers.
Business
TTSWG set for telecom, tech stakeholders’ exhibitionn
The Telecommunications and Technology Sustainability Working Group (TTSWG) has announced plans for the second edition of its annual conference and innovation exhibition, bringing together key stakeholders in Nigeria’s technology and telecommunications sectors.
The event, scheduled for Thursday, September 24, 2026, will be held at the Balmoral Convention Centre, Ahmadu Bello Way, Victoria Island, Lagos.
Tagged the IMC Conference and Innovation Exhibition, the event is sponsored by IHS Nigeria and is expected to attract policymakers, chief executives of leading technology firms, investors, development partners, financial institutions, innovators and thought leaders from Nigeria and beyond.
According to the organisers, the conference is designed to unlock opportunities in Nigeria’s technology and telecommunications sectors, with sustainability at the centre of discussions and innovations.
Other partners supporting the event include Hydrogen, Nigeria Climate Innovation Centre (NCIC), LBS Sustainability Centre (LBSSC) and MTN.
TTSWG said the IMC Conference and Exhibition has emerged as a major platform for innovation and sustainability, following the success of its inaugural edition.
The maiden edition attracted more than 300 physical participants and 759 registrants, while 17 innovative solutions were showcased, helping to promote sustainability-driven entrepreneurship within the technology ecosystem.
The organisers said the second edition would build on that momentum by providing stakeholders with opportunities to network, exchange ideas, showcase innovations and explore practical solutions for sustainable growth in Nigeria’s digital economy.
Business
FG deploys 668,000 meters, moves to end estimated billing
In a move aimed at reducing estimated billing and closing the country’s metering gap, the Federal Government has deployed 668,000 electricity meters under Phase One of the $500 million World Bank-financed Distribution Sector Recovery Programme (DISREP).
The figure represents about 60 per cent of the 1,033,000 meters delivered under the programme, as the government intensifies efforts to ensure that registered electricity consumers are accurately metered.
The development was disclosed at the second 2026 meeting of the National Council on Privatisation (NCP), chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja.
Briefing journalists after the meeting, the Director-General of the Bureau of Public Enterprises (BPE), Ayodeji Ariyo Gbeleyi, said the council received updates on the implementation of various initiatives designed to improve service delivery and strengthen the electricity sector.
He said the metering initiative remained a key component of ongoing efforts to address challenges in the power sector and improve transparency in electricity billing.
“On various issues, we provided updates on meter deployment under Phase 1 of the World Bank-financed Distribution Sector Recovery Programme. We have implemented 60 percent of the meters that have been delivered in the country out of 1,033,000. So far, we have deployed and installed 668,000 meters on customers’ premises,” Gbeleyi said.
He said the metering initiative, alongside programmes such as the Presidential Metering Initiative, was designed to address the metering deficit and eliminate estimated billing for electricity customers.
Gbeleyi also disclosed that about 17 states had established their own State Electricity Regulatory Commissions since April 2024 as part of the implementation of the Electricity Act.
He noted that Akwa Ibom State became the latest state to establish its own electricity regulatory commission in July.
According to him, some aspects of the implementation of the Electricity Act require further clarification and harmonisation among relevant stakeholders.
He said the NCP had directed the Attorney-General of the Federation, Minister of Power, Special Adviser to the President on Power, Special Adviser to the President on Oil and Gas, Nigerian Electricity Regulatory Commission (NERC), BPE and other stakeholders to engage on the necessary amendments to the law. “Some fine-tuning is required here and there in the implementation of that Act,” Gbeleyi said.
“Council has directed those stakeholders, led by the Attorney General of the Federation, the Honourable Minister of Power, the Special Adviser on Power, the Office of the Special Adviser to the President on Oil and Gas, the Nigerian Electricity Regulatory Commission, the BPE and all other critical stakeholders, should engage constructively so as to streamline and harmonize the Federal Government’s position in terms of the required amendments to fine-tune the Electricity Act.”
Also speaking, the Minister of Power, Joseph Olasunkanmi Tegbe, said the Federal Government was working collaboratively to ensure Nigerians derive greater value from electricity and other critical sectors of the economy.
“We are working concertedly and in a very collaborative manner to ensure that we give value, either in electricity or in telecoms—whichever area—to make sure that Nigerians benefit from this government,” Tegbe said.
The meeting was attended by the Minister of Finance and Coordinating Minister of the Economy, who is the Vice Chairman of the council; the Minister of Power; the Solicitor-General, representing the Attorney-General of the Federation; the Minister of Industry, Trade and Investment; and private members of the council.
The NCP meeting formed part of ongoing efforts by the Federal Government to strengthen reforms in the power and other critical sectors of the economy.
Business
DataPro to host international credit rating webinar in October
DataPro Management, a licensed and regulated credit rating agency, has announced plans to host its 2026 International Rating Webinar in October.
The webinar, scheduled for October 8, 2026, at 2 p.m. West Africa Time, will focus on the theme, “Sovereign Credit Rating: Africa’s Roadmap to Investment Grade Status.”
The event will bring together experts and stakeholders in the credit rating and public finance sectors to examine Africa’s sovereign credit outlook and strategies for achieving investment-grade status.
Panelists for the webinar include Torsten Schmidt, Head of Macroeconomics and Public Finance Research, RWI; Daniel Cash, Founder, Credit Rating Research Initiative; Oluwakemi Babalogbon, Executive Director, Risk Management, Ministry of Finance Incorporated (MOFI); Kai Gehring, Professor of Political Economy, University of Bern; and Misheck Mutize, Lead Expert on Credit Rating Agencies, African Peer Review Mechanism (APRM).
Oladele Adeyemi, Chief Rating Officer, DataPro, will moderate the session.
Stakeholders in the credit rating industry, financial sector and the media are expected to participate in the webinar, which is free to attend.
The organisers said the event would provide participants with an opportunity to gain insights into sovereign credit ratings and the steps African economies can take to attract investment and improve their credit standing.
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