Browsing Tag
Import Duties
2 posts
Automotive traders offer varied feedback on recent import duty cuts
Nigerian car dealers report mixed views on government import duty reductions, citing the potential for lower prices alongside concerns regarding currency exchange rates and existing stock inventory.
High Clearing Fees Drive Vehicle Smuggling, Customs Reports 870 Seizures
Industry experts attribute the rise in vehicle smuggling to excessive port duties and shipping costs, as Customs reports the seizure of 870 vehicles worth N3.88 billion.