Toyota (Nigeria) Limited (TNL) has said importation of new cars dropped by about 90 per cent between the first quarter of last year and this year.

While 3,500 units were imported in  the first quarter of last year, only 350 units were imported in the first quarter of this year amid biting recession worsened by the devaluation of naira and scarcity of foreign exchange.

Full story – The Nation

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