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Impact of lack of foreign currency and 70 percent import tariff dramatically impacts vehicle volumes at Tin Can Island: http://bit.ly/2bg6Xvn

23-8-2016 23:04:38
Terminals report dramatic fall of up to two thirds of automotive imports as 70 percent tariff on vehicle imports results in diversion of vehicles to Cotonou. Ulk as well as liquid imports are down in Nigeria with lack of purchasing power in foreign currency as the principle factor in the falls.