Nigeria vehicle imports slide as credit remains tight

LAGOS, Nov 11 (Reuters) - Nigerian automobile imports fell by more than a quarter in the first ten months of 2010 compared to the same period last year as cash-strapped consumers shied away from big-ticket purchases, industry officials said. Vehicle sales in Africa's most populous nation are a proxy measure for private purchasing power, a leading economic indicator which is not formally available in Nigeria.
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Added November 11, 2010
from Reuters Nigeria