The devaluation of the Naira, Nigeria’s national currency, has significant repercussions across various sectors of the economy, including the automotive industry. This article explores the multifaceted impacts of Naira devaluation on automotive businesses both locally and internationally. We will delve into changes in import costs, shifts in consumer behavior, challenges faced by industry players, and […]
Tag: automotive
THE IMPACT OF COVID -19 ON THE AUTOMOTIVE INDUSTRY
The COVID-19 pandemic, caused by the SARS-CoV-2 virus, has left an indelible mark on the world. While some experienced mild symptoms, others faced severe consequences. Beyond health, the virus has significantly disrupted various sectors, including the automotive industry. /*! elementor – v3.13.3 – 28-05-2023 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=”.svg”]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block} /*! elementor – v3.13.3 – […]