Operators Blame Forex as Vehicle Import Crashes by 61%   The importation of vehicles into Nigeria dropped from 28,024 units in the first quarter of 2023 to 10,991 units in the same quarter of 2024, representing a 60.8 per cent decrease, a document by the Nigerian...

Customs: Illegally Imported Vehicles No Longer Face 25% Penalty The Nigeria Customs Service (NCS) has initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties on specific categories of vehicles. The new initiative was approved by the...

Nigerians Spent N509.8bn On Imported Used Vehicles In 9 Months   Within a nine-month period covering January to September this year, Nigerians spent about N509.8bn importing used vehicles into the country. The figure was arrived at based on an analysis of the foreign trade in good statistics...