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Recession: Cheki Nigeria Sensitizes Car Dealers On ‘Leads to Sales’ Strategy

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*Dara, CEO of Cheki.com.ng sensitizing participants at the Dealer Conference.
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Cheki.com.ng, Nigeria’s leading cars website, at its dealer’s conference on Thursday, said, notwithstanding the present economic realities in the country, car dealers can stay afloat using the right strategy and technology adoption.

Mr. Gbenro Dara, chief executive officer of the Cheki Nigeria, notable for providing safe and conducive environment where buyers meet car sellers, said the conference (and awards) event was as a result of the need to sensitize the dealers, providing them with platform to network while learning from industry best practitioners.

“We also wanted to share with them our discoveries from the backend. It is generally meant to help them increase sales by not allowing leads generated get away without results”, Mr Dara told Nigeria CommunicationsWeek.

Speaking on the significance of the conference theme “Maximizing Sales Opportunities in a Recession”, he said that Cheki was even prepared to assist the dealers increase sales using available means to reach the buyers.

The Cheki’s CEO said, “The conference came as a result of feedbacks from dealers; we felt it was high time we brought them together to engage each other while learning from industry best practitioners. We also wanted to share with them our discoveries from the backend. It is generally meant to help them increase sales.

“We can’t wish away the fact there has been a downturn in the market, however, every seller or dealer must strategize on how to meet target. That is part of what we are offering our partners; helping them to see ideas of restructuring their internal processes that will make them overcome the recession. As I mentioned earlier, one of such strategies must ensure their leads conversion rate is higher; whereby the inquiries are turn to sales.

“We got a lot of feedbacks from buyers who complained of slow response to their inquires. So, part of the conversations with the dealers centered around sensitizing them on the need for quick responses and follow-ups; basically about relationship management.

“It is not enough for you to send an SMS or call, there should be a process to help give the buyer a good experience to be able to make a decision, choose to buy from you. They (the dealers) have to remember this is a big market where buyers are searching from multiple sources. So, you have to give every buyer a good reason or product at a right price and experience”.

Nodding in agreement, Engineer Kiran Sunil Parab, managing director of WOW Motors, said that transparency and right pricing are critical factors the players must consider, adding that quality and swift responses to leads are part of the determining factors in winning the potential buyer’s interest.

He said, “Irrespective of the economic recession, car dealers still have market. It is a choice we have to make in order to impact the economy positively too through different sales approach.

“Networking will help the dealers to meet buyer’s demands in some circumstances. But never forget to integrate the inquires, follow-up (meet and greets), demo sessions and impressive service are the bedrocks of sales processes.”

Participants at the conference were taken through in-depth analogues on improving sales with ‘after sales’ supports, while some were awarded for excellent performances in the past years.


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UK–Nigeria Skills and Schools Trade Mission Concludes with Strong Foundations for Education Partnership

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A high-level UK delegation has concluded a week-long skills and schools trade mission to Nigeria, marking a significant step forward in education and skills cooperation between the two countries.

Running from 19-23 April 2026 across Abuja and Lagos State, the mission brought together leading UK private schools, skills providers, and education institutions with Nigerian partners, schools, and the Honourable Minister of Education Dr Tunji Alausa.

The mission follows the high profile and well received state visit to the UK in March, which also included education engagements.  Supported by the UK’s Department for Business and Trade (DBT), the mission forms part of its new International Education Strategy, under which Nigeria has been identified as one of five priority education markets, spearheaded by Professor Sir Steve Smith, who is looking forward to visiting the country again this year.

The mission focused on in-country delivery of education, the establishment of world-renowned UK schools in Nigeria, and the development of skills and Technical and Vocational Education and Training (TVET) systems aligned with industry demand.

In Abuja, the delegation met with Nigeria’s Honourable Minister of Education, Dr Tunji Alausa, securing strong political backing for UK–Nigeria education partnerships and set the groundwork for ongoing institutional collaboration across both schools and skills.

In Lagos, delegates engaged further with potential partners and investors. In both cities the delegation was thrilled to visit local British curriculum schools and colleges to further enable them to experience first-hand the teaching and learning environment.

British Deputy High Commissioner, Jonny Baxter, said: “The UK and Nigeria share a deep and longstanding relationship, and opportunities in education are one of its most exciting frontiers.

“This mission has demonstrated the strong appetite on both sides to deepen collaboration in education and skills.”

“By bringing together UK schools and skills providers with Nigerian partners and policymakers, we are laying the foundations for even more long-term partnerships that support Nigeria’s education priorities, strengthen skills aligned to industry needs, and create opportunities for sustainable, in-country delivery as well as positioning Nigeria as the regional hub for high quality education.”

DBT Head of International Education, Sarah Chidgey, said: “This mission is a perfect example of the International Education Strategy being put into action, building on multiple two-way visits and the UK and Nigeria’s warm relationship. It has been heartening to see all the progress in UK Nigeria education collaboration since my first visit to Nigeria, as part of a wider delegation, in 2022.”

DBT’s mission concluded with a strong pipeline of follow-up activity, including targeted one-to-one meetings, MoU discussions, and agreed next steps between UK and Nigerian counterparts.

 


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Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

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President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.

Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

Tinubu

 

In a letter read by Senate President Godswill Akpabio during Thursday’s plenary, Tinubu invoked Sections 16 and 21 of the Debt Management Office Act, 2011, to secure financing via Deutsche Bank AG for Sections 1, Phase 1A, and 1B. The 1,000-kilometre project will span Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, linking Illela to Badagry and boosting trade, connectivity, and goods movement.

The nine-year loan, with a three-year grace period and interest at SOFR plus 5.3 per cent, includes a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The Federal Government will provide over ₦265 billion in counterpart funding for land acquisition and infrastructure.

Akpabio referred the request to the Senate Committee on Local and Foreign Debts for a one-week turnaround report. He endorsed the borrowing, stating it advances road safety and national integration.

The highway aims to cut travel times and stimulate economic corridors, with the Federal Executive Council already approving the plan.


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Karex, World’s Top Condom Maker to Hike Prices due to Iran war

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Karex, world’s largest condom maker, plans to raise prices by up to 30 percent due to supply disruptions linked to the Iran war.

Karex, World's Top Condom Maker to Hike Prices due to Iran war

This means that safe sex could get more expensive if the war continues to disrupt global supply chains, according to Goh Miah Kiat, CEO, Karex.

Kiat told old Reuters that rising freight costs and shipping delays have increased demand and forced the company to pass costs to customers.

Broader supply chain issues and higher oil prices could impact many everyday products that rely on petrochemicals.

“The situation is definitely very fragile, prices are expensive… We ​have no choice but to transfer the costs right now to ⁠the customers,” Goh told Reuters.

Karex joins a growing list of companies that are bracing for supply chain disruptions amid the ongoing war in Iran.

Based in Malaysia, Karex produces condoms, personal lubricants, gloves, medical catheters and probe covers.

The company manufactures male latex condoms including ONE, Trustex, Carex and Pasante, and it can produce over 5 billion condoms annually. Karex also exports to more than 130 countries, according to its website.

“We’re seeing a lot more condoms actually sitting on vessels that have not arrived at their destination but are highly required,” Goh said.

 


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