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Tag: NFEM

Business / Companies / economics

Decline in Nigeria’s Car Imports Driven by Economic Challenges in 2024

March 18, 2025March 18, 2025 - by Marcus Chen - Leave a Comment

Nigeria’s passenger car imports fell 14.2% in 2024 due to volatile exchange rates and soaring inflation. The naira depreciated by 40.9% against the dollar, and customs duties rose sharply, affecting …

Decline in Nigeria’s Car Imports Driven by Economic Challenges in 2024 Read More
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