2025-12-15 00:30:00
According to The Punch, Nigeria’s passenger vehicle imports rose to about ₦1.01 trillion in the first nine months of 2025, with the strongest rebound coming in Q3 as FX conditions steadied.
The report, citing National Bureau of Statistics foreign trade data, notes that the first half of the year was softer, but the July–September quarter more than offset earlier declines.
Analysts quoted linked the swing to improved FX liquidity and a narrower trading band for the naira, which helped importers plan and price inventory more predictably.
Analysis/Echotitbits take: Vehicle import volumes are a useful “thermometer” for FX confidence and consumer demand. Watch Q4 numbers for whether FX stability holds, and whether duty/valuation changes keep landing costs from spiking again.
Source: The Punch — December 15, 2025 — https://punchng.com/car-imports-rebound-hit-n1tn-in-nine-months/
Photo credit: The Punch
The Punch https://punchng.com/car-imports-rebound-hit-n1tn-in-nine-months/ December 15, 2025
