Dealers Raise Concern as Rising Forex Rates, Customs Duties Crush Tokunboh Vehicle Imports …C0NTINUE READING HERE >>>
Henzodaily.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.
The naira’s depreciation against the U.S. dollar has caused a rise in Customs duties and related taxes at the nation’s seaports.
As a result, importers of used vehicles, commonly referred to as Tokunbo, have expressed difficulties in bringing vehicles into the country.
Dealers Raise Concern as Rising Forex Rates, Customs Duties Crush Tokunboh Vehicle Imports
Source: UGC
Addressing journalists, the President of the Association of Motor Dealers of Nigeria (AMDON),…
>