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...
Manufacturers’ Raw Material Imports Hit N8trn In Three Years
Manufacturers have spent at least N7.9tn to import raw materials in the past three years.
According to manufacturers, the high raw materials imports bill is due to operators’ decision to source foreign exchange from the parallel market...
Nigeria Imported N1.5trn Raw Sugar In Six Years
Nigeria’s importation of raw sugar rose to N1.54tr between 2017 and 2022, an analysis of quarterly reports of the country’s foreign trade reports released by the National Bureau of Statistics (NBS) has shown.
The reports indicated that the...
'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,...
