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Coscharis Motors to Unveil Jaquar XE at Tech+ Conference

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Leading elite Automobile distributor, Coscharis Group, has announced plans to unveil the Jaquar XE, a sports saloon model at the forthcoming TECH+ Conference and Exhibitions billed for 24 and 25 July at the Eko Hotels and Suites, Victoria Island.

Abiona Babarinde, general manager, Marketing & Corporate Services, Coscharis Group, made this disclosure recently during an interactive forum on the TECH+ Conference and Exhibitions.

According to him, the launch highlights the importance the company attaches to technological advancement which is what the Conference showcases.

“We operate a business that thrives on innovations. This is why we are the unique market leaders in the elite automobile sector. The Jaquar XE executive compact range is a statement on Technological advancement and TECH+ Conference offers a unique platform to unveil it to the Nigerian public, “he said.

Babarinde also hinted that select guests to TECH+ will have the pleasure of first-hand feel of the Jaquar XE model at the conference.

His words, “We are offering free test drive, but for only interested individuals who register for TECH+ Conference and Exhibitions. We require anyone with interest in this activation to provide us with his or her details, which should include basically name, email, mobile line and address to enable us work out the logistics; we would equally come to TECH+ with our test drive cards for each person to fill before we arrange the drive during or after the conference.”

The Jaquar XE is most advanced, efficient and refined sports saloon car that Jaquar has ever produced.

The first of a new generation of cars to be launched on Jaquar’s state-of-the-art, all new Aluminium Intensive Architecture, the lightweight aluminium construction creates an incredibly strong body, as well helping to deliver power with responsive handling and refinement with beautiful design.

Jaquar XE brings together the latest innovation, technology and design. It is packed with systems that empower the driver and enhance the driving experience.

Jaquar XE rewrites the rules. Jaquar XE is a wakeup call for every other car in its class.

The Jaquar XE, which production started in April this year, is a four door saloon car, and is the first compact executive Jaguar since the 2009 model year X-Type as well as the first of several Jaguar models to be built using Jaguar’s new modular aluminium architecture.

This platform allows the Jaguar XE to feature either rear-wheel drive or all-wheel drive configurations, and it is the first car in its segment with an aluminium monocoque structure.

The Jaquar XE is powered by the new Jaguar Land Rover 2.0-litre turbocharged four-cylinder engine range called Ingenium, as well as a Ford-sourced 2.0 litre turbocharged petrol engine  and the Jaguar AJ-V6 3.0-litre supercharged V6 petrol engine used by the F-Type.

The V6 engines features in higher performance variants.

The Ingenium 2.0-litre engine family will come on both petrol and diesel variants and in a range of different power outputs.

The 2.0-litre diesel producing 163 PS (120 kW; 161 hp) plays a part in reducing the overall averaged fuel consumption and carbon emission figures of new Jaguars, being capable of beating the 25 km/L barrier, and producing CO2emissions of 99 g/km.

Meanwhile, all is now set for the take-off of Nigeria’s first-ever all-technology conference. With the theme, ““Leadership in Digital Technology”, TECH+ will feature gaming sessions, exhibitions, the digital school, programming, plenary and break-out sessions as well as panel discussions to be led by high profile speakers drawn from local and global brands.

Some of the notable speakers include Jim McKelvey (co-founder of Square), Wael Fakharany (Google X Middle East and Africa) and Nicolas Martin, CEO, Jumia Africa among others.

Attendees at Tech+ will include technology consumers and businesses, manufacturers of products, service providers across diverse segments of the information and communication technology (ICT) industry and ancillary fields of human endeavor, hardware designers, manufacturers, innovators and policy makers, among others.

Interested exhibitors are urged to take the advantage provided by the TECH+ platform to give maximum exposure and visibility to their brands and to connect with the largest gathering of consumers under one roof.

TECH + is powered by MTN Nigeria with sponsorship from Huawei, Jumia, Coscharis Motors, Samsung, Google, Uber and Terragon Group. Partners include Enplug Africa, Atlantic Exhibition and Lagos State Signage and Advertising Agency (LASAA).

The exhibition will cover products and services in various areas such as healthcare and wellbeing, automobile, entertainment, education, computing, Smart Homes, Wearables, Security, gaming, 3D Printing, and displays, among others.

 

 


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New Horizons Invests N50m to Empower Almajiris with Skills

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New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.

Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”

“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.

He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.

Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.

“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.

According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.

“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.

“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.

“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.

He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.

Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.

He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”

He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.

“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.

Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.

“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.

“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.

Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.

“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

IMF

The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.

This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.

Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.

Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.

Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.


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Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

OPEC

The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.

Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.

Expert Cites Insecurity, Governance Gaps

Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.

Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.


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