'Nigeria’s Fertiliser Imports Rise By 277.619MT'   Fertiliser statistics provider, AfricaFertiliser, has revealed that the official fertiliser imports to Nigeria increased by 65 per cent to 706,922MT in 2021 from 429,303 in the previous year. The disclosure was made on Wednesday during the fertiliser statistics overview for...

Subsidy: Fed Govt Borrowing To Import Fuel - Minister   The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a possibility of global economic recession this year,...

Nigeria Imports $11bn Worth Of Sugar, Pharmaceuticals, Plastics   Sugar, pharmaceuticals and plastics worth $10.98bn were imported into Nigeria between 2020 and 2021, according to data from the International Trade Centre. Within the time under review, the nation spent $1.82bn on sugar products, $4.21bn on pharmaceutical products,...

CBN Releases e-invoicing Guidelines For Import, Exports   The Central Bank of Nigeria (CBN) has released guidelines for the newly-introduced electronic invoicing (e-invoicing) and evaluator for exporters and importers, saying the process commences on February 1, 2022. The new regulation, it stated, is aimed at determining the...

Tomato Import Gulped N16bn In Two Years – NSPRI       The Nigerian Stored Products Research Institute (NSPRI) has disclosed that between 2018 and 2020 Nigeria imported a total of 105,000 metric tonnes of tomato valued at over N16 billion to bridge the deficit gap between supply...

Wheat, Sugar Lead Import For January, 2021         There are indications that the confectionary industry will experience a boom in the first quarter of 2021 as wheat, the major condiment for bread and other confectionaries, is leading the import chart with a total of 178,358 metric...