‘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,...

Forex Inaccessibility Stopping Us From Importing Petrol — Marketers     Independent oil marketers are not fully back into the business of importing petrol due to their inability to access foreign exchange. Dealers stated that since the downstream oil sector was deregulated in March this year, the Nigerian...

US Import Of Nigerian Oil Drops By 63%     The United States’ import of Nigeria crude oil plunged by 63.03 per cent in the first quarter of this year, compared to the last quarter of 2019. Latest data from the US Energy Information Administration showed that the...

Nigeria Imported 28.9bn Litres Of Petrol In 2019 – NBS   The National Bureau of Statistics (NBS) on Wednesday reported that Nigeria imported 28.9bn litres of Premium Motor Spirit (PMS) petrol in 2019. The bureau gave this figure in its Petroleum Products Imports and Consumption (Truck out)...

Oil Marketers Want Dollar At N306 To Import Petrol   Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have said access to the dollar at N306 will enable them to resume importation of Premium Motor Spirit (petrol). The marketers also said there...

‘Food Import Forex Ban Not Beneficial To Masses’   Economic and public policy analysts have said the foreign exchange restriction on food imports is not beneficial to the masses. These experts, while speaking at the fourth edition of the regulatory conversation, themed ‘Foreign exchange restrictions on food...