Tag: car imports
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Nigeria’s Car Imports Rebound: Nigeria Hits N1tn in Nine Months as FX Stabilizes
Nigeria’s Car Imports Rebound on the Back of FX Stability Nigeria’s importation of passenger motor cars has shown a notable rebound in 2025, driven by relative stability in the foreign exchange market that has relieved pressures on dealers and buyers. The latest foreign trade statistics from the National Bureau of Statistics indicate a sustained uptick…
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Nigeria Car Imports Rebound to N1tn in Nine Months Amid FX Stability
Overview: A Turnaround for Nigeria’s Auto Imports Nigeria’s importation of passenger motor cars has regained momentum in 2025, rising sharply as foreign exchange stability reduces the cost and uncertainty that had weighed on buyers and dealers. The latest foreign trade statistics from the National Bureau of Statistics show that imports of passenger vehicles surged, with…
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Nigeria’s Car Imports Rebound to N1tn in 9 Months as FX Stability Buoys Trade
Overview: A rebound in Nigeria’s car imports Nigeria’s importation of passenger motor cars has surged in 2025, reflecting improved stability in the foreign exchange market and easing pressure on both dealers and buyers. The latest foreign trade statistics from the National Bureau of Statistics (NBS) show a strong uptick in the value of passenger car…