Nigerians Import N1 Trillion Worth of Cars Amid Naira Rebound in FX Markets
Nigerians imported passeng motor cars worth N1.01 trillion in the first nine months of the year, showcasing a significant rebound in the import market due to improved stability in the foreign exchange market. The data from the Nigerian Bureau of Statistics (NBS) reveals a clear turnaround from the uncertainties of previous years, with the third quarter of 2025 witnessing a surge in car imports.
The recovery, although unevenly spread throughout the year, highlights the growing confidence among importers, reshaping trade decisions and reflecting better access to dollars.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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