189

views
Unfave

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.
Read the rest of the story on Reuters Nigeria

Added November 11, 2010
from Reuters Nigeria