Business A.M
No Result
View All Result
Saturday, October 17, 2026
  • Login
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
Subscribe
Business A.M
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
No Result
View All Result
Business A.M
No Result
View All Result
Home Companies-in-Action

Hyundai Creta voted Nigerian Car of the Year 2021

by Admin
January 21, 2026
in Companies-in-Action

By Mike Ochonma 

 

…As Kona clinches electric car of the year award

 

For the second time in three years, Hyundai Creta SUV has been voted as the Nigerian Car-of-the- Year, ahead of Toyota Corolla and Kia Rio.

Hyundai Creta voted Nigerian Car of the Year 2021

The Nigerian Auto journalists Association (NAJA) announced the verdict last Wednesday at its 2021 Auto Industry Awards held at the Eko Hotel and Suites, Victoria Island, Lagos.

Launched into the Nigerian market for the first time in 2016, the compact SUV had earlier made history by winning the prestigious car of the year award in 2018.

The 2021 NAJA event also featured the crowning of Nigeria’s first ever Electric Car, the Hyundai Kona, as the Electric-Car-of-the-Year.

Hyundai Creta voted Nigerian Car of the Year 2021

The colourful event was attended by the leading stakeholders of the nation’s automobile and road transport sector, including the Boboye Oyeyemi, Corps Marshal of the Federal Road safety Corps (FRSC), and representative of Jelani Aliyu, the director general of National Automotive Design and Development Council (NADDC).

The journey to the 2021 NAJA Awards started with nomination of finalists by jury members of the Nigerian Auto Journalists Association. But the ultimate winners emerged from voting by motoring journalists drawn from the nation’s leading print, electronic and digital media.

Reacting, Gaurav Vashisht, head, sales and marketing at Hyundai Motors Nigeria commended the organisers (NAJA) for putting up the prestigious award and for finding the Hyundai Creta and Kona worthy of honours.

 

Vashisht described the two award winning vehicles (Creta and Kona) as a testimony of Hyundai’s core vision of always developing high-quality vehicles.

He said: “We are honoured to, again, win the most prestigious automotive award in Nigeria. We dedicate the awards to our teeming customers and lovers of Hyundai brand across the country.

Hyundai Creta voted Nigerian Car of the Year 2021

“We thank the motoring media and jurors who have chosen CRETA as the Nigerian Car of the Year 2021 and crowned the Kona as the Nigerian Electric Car of the Year.

“With innovation at its core, Hyundai is committed to continuously make global quality cars with cutting edge technologies and fortify the Hyundai brand, caring for our customers in Nigeria and globally.”

Currently selling in Nigeria is a new generation 2021 CRETA created for an unparalleled driving experience for customers across sub-Sahara Africa, including Nigeria.

Transformed into the ultimate sub-compact SUV for any terrain, the redesigned and more powerful CRETA comes with a choice of three engines. The Smart stream G1.5 (maximum power of 115ps/6,300rpm and maximum torque of 14.7kgf.m/4,500rpm) and the Kappa 1.4T-GDI (140ps/6,000rpm and 24.7kgf.m/1,500-3,200rpm) are both gasoline engines, providing better fuel economy on the roads.

Offering more choice is the diesel U2 1.5 VGT (DSL) engine, which has a maximum power of 115ps/4,000rpm and a maximum torque of 25.5kgf.m/1,500-2,750rpm.

Inside and out, the new CRETA is longer and wider than its first-generation predecessor. Due to its 2610mm-long wheelbase and extra amounts of legroom, headroom and shoulder room, the CRETA’s cabin is able to accommodate five persons more comfortably than ever.

In addition, its ergonomically sculpted seats use multi-density foam to provide varying degrees of firmness and softness that compensate for uneven weight distribution on the seat cushion, backrest, the side bolsters, and headrest.

The CRETA SUV offers multiple levels of protection, including its ultra-rigid monologue steel body shell that is designed to safely absorb impact forces. Ample stopping power is provided by 16-in front discs and ABS, which are standard equipment. Dual front depowered airbags, curtain airbags and front row thorax protection are also available as part of the six-airbags option.

Admin
Admin
Previous Post

Hyundai Creta voted Nigerian Car of the Year 2021

Next Post

United Airlines explains: ‘Why we prefer Washington-Lagos-Washington route’

Next Post

United Airlines explains: ‘Why we prefer Washington-Lagos-Washington route’

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025
MMA2 enters new commercial era after 20-year concession dispute

MMA2 enters new commercial era after 20-year concession dispute

August 28, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Rivers, China's CNCECC sign deal for $3.5bn methanol, fertiliser plant

Rivers, China’s CNCECC sign deal for $3.5bn methanol, fertiliser plant

October 17, 2026
Methane rules spread across 67% of global production as Nigeria faces compliance test 

Methane rules spread across 67% of global production as Nigeria faces compliance test 

October 17, 2026
Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

Onafriq winds down Baxi as Nigeria’s agent banking economics worsen

October 17, 2026
LCFE links petroleum trading to capital market in pricing transparency drive

LCFE links petroleum trading to capital market in pricing transparency drive

October 17, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • MMA2 enters new commercial era after 20-year concession dispute

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Rivers, China's CNCECC sign deal for $3.5bn methanol, fertiliser plant

Rivers, China’s CNCECC sign deal for $3.5bn methanol, fertiliser plant

October 17, 2026
Methane rules spread across 67% of global production as Nigeria faces compliance test 

Methane rules spread across 67% of global production as Nigeria faces compliance test 

October 17, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE

© 2026 Business A.M