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.