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...

Over N120bn Raw Sugar Imported In The Last Few Months         More than N120 billion raw sugar was imported into the country in the last few months, it was learnt. It was projected that the country would need 1.7 million metric tons to meet local consumption in...

Despite Import Intervention, Maize Remains N160,000/tonne         The importation of 262,000 tonnes of maize that was approved by the Federal Government to plug the production shortfall has failed to crash the price of the maize produced locally. Findings on Wednesday showed that the price of one tonne...

Despite Abundant Gas, Nigeria Imports 71% Of LPG Consumed In One Month – PPPRA       Despite abundance of gas in Nigeria, 71.35 per cent of the Liquefied Petroleum Gas, LPG, also known as cooking gas, consumed in the country in the month of August 2020 were...

'Meter Import Waiver Puts Manufacturers At Risk'       The recent approval by the Federal Government of a waiver of the import levy on meters will put local manufacturers in jeopardy, Mojec International Limited has said. The Nigerian Electricity Regulatory Commission had announced in August that the President...

‘Over $6bn Spent On Wheat Import’     Over $6billion wheat were imported in the last five years, it was learnt. The huge amount of money, findings revealed, was used to import the commodity between 2016 and August 2020. Sources at the Federal Ministry of Finance (FMoF) said,...