Peugeot Automobile Nigeria (PAN) and First City Monument Bank (FCMB) have signed a Memorandum of Understanding (MoU) that offers an auto loan to medium and low income earners.
PAN, FCMB sign MoU to provide new cars for low income earners
Thanks to a Memorandum of Understanding (MoU) on auto loan, signed by PAN Nigeria and First City Monument Bank (FCMB), medium and low income earners can buys cars now.
Peugeot plant
This loan gives people the opportunity to buy totally new Peugeot cars and repay every month over a period of 60 months.
At the launch in Abuja, Ibrahim Boyi, the managing director of PAN, spoke on the importance of the loan and the impact Peugeot has on Nigerians.
“You can’t take Peugeot off the roads. Some cars produced 30 years ago still ply the roads in Nigeria. This is the quality; this is the heritage we are preaching. We offer yet another opportunity with the FCMB for our prospective customers to relive the legacy, heritage and experience of Peugeot cars. Our cars today are better. They are modern to meet the developments in the markets.”
ADVERTISEMENT
FCMB's regional director, Abuja and North, Olajire Awofisibe, also spoke on the loan.
“Instead of buying fairly used motor vehicles, why don’t you go for new ones at even a better price?
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
FG disappointed by slow progress on Port Harcourt-Maiduguri rail project
Enugu govt announces ₦26b investment in transport sector
Tinubu determined to turn Nigeria’s demographic bulge into dividends – Shettima
My heart bleeds for killings in South-East - Ohanaeze PG
Nobody should be afraid of probe, Umahi tells road contractors
Zamfara Gov calls emergency security meeting over varsity students’ abduction
Tinubu not 1st African leader to ring NASDAQ bell - Presidency owns up to error
Growing threat of cyber attacks on crypto
NSCDC impounds 292 bags of smuggled rice
Pulse Sports
Super Falcons' Michelle Alozie drops football hot take
Kane defends Harry ‘One of the best defenders in history’ Maguire, calls for end to scapegoating
Provedel: 4 goalkeepers who have scored in the Champions League including Vincent Enyeama
Andre Onana: Critics of the Manchester United goalkeeper are missing the bigger picture
100 not out: Lewandowski moves closer to Messi and Ronaldo with century of European goals
Is Victor Osimhen in for a troubled season under Rudi Garcia?
ADVERTISEMENT
![The inability of the major marketers to resume petrol import was a setback to the oil industry [Pulse]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "The inability of the major marketers to resume petrol import was a setback to the oil industry [Pulse]")