In Three Months, Nigeria Imported N2.78trn Manufactured Goods – NBS       Nigeria imported manufactured goods worth N2.78tn while the total export component was N254.2bn between April and June. According to figures obtained from the National Bureau of Statistics on foreign trade statistics for the second quarter, this...

Metals Import Gulps $3.3bn Yearly - Minister     Nigeria spends about $3.3bn every year on the importation of metals, the Minister of Mines and Steel Development, Olamilekan Adegbite, stated on Monday. He stated this in his remark at the takeover ceremony of assets of steel plants of...

Nigeria Spends $500m On Importation Of Palm Oil ― Emefiele   A whooping sum of $500 million of the country’s scarce foreign exchange is presently being expended annually on the importation of palm oil, the governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has...

Concerns Rise Over Yearly Importation Of 700,000mt Of Sugar Into Nigeria   The Federal Government has raised concern over the annual importation of about 700,000 metric tonnes (MT) of sugar into the country despite the abundance of the resource locally. The Minister Trade and Investment, Adeniyi Adebayo,...

FG Moves To End N800bn Yearly Importation of Paper   The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo, has said the federal government will resuscitate the Nigerian Paper Industry as part of its strategy for economic diversification. He said the paper industry plays a critical...

Forex: FG Decries Importation Of Metal Products   The Federal Government has expressed concern over the importation of metal products. The Permanent Secretary, Ministry of Mines and Steel Development, Dr Abdukadir Muazu, who spoke in Jos at a workshop organised for stakeholders in Plateau, Benue and Nasarawa...