Nigeria Spends N12.8trn on Petrol Imports in 15 Months   As Nigeria struggles to ramp up local refinery of Petroleum Motor Spirit (PMS) otherwise known as petroleum, at least N12.8trn worth of the product was imported into the country from August 2024 to October 2025, analysis...

RMRDC Calls for 60% Reduction in Raw Material Imports   The Raw Materials Research and Development Council (RMRDC) has stated that Nigeria must reduce its dependence on imported raw materials by at least 60 per cent within the next five years if it is to become...

Fuel Imports Hit 2.3bn Litres Despite Local Production Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have continued to import and distribute the product nationwide. It was gathered on Wednesday that marketers imported 2.3 billion...

NNPC Buys From Dangote Refinery, Ends N24trn Fuel Import   The Nigerian National Petroleum Company Limited (NNPCL) has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries. NNPC’s Group Chief Executive Officer, Mele Kyari, disclosed this on...

Nigeria Import Grew to N35.9tn in 2023 – NBS Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics. A breakdown of the data showed that in the first and second quarters of 2023,...

Manufacturing Sector Dominates Nigeria's Import Contributions with N3.9tn in Q3 of 2023   The manufacturing sector has topped the list of Nigeria's import contributions in the 3rd quarter of 2023. According to the National Bureau of Statistics (NBS) report, the manufacturing sector contributed the most to Nigeria's...