FG Should Target Global Investors to Boost Job Creation and Reduce Imports - Okonjo-Iweala   The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has urged the Nigerian government to deliberately court global investors and position the country to benefit from ongoing supply chain...

Nigeria Imports 1.3bn Litres of Petrol Despite Local Production   Nigeria imported approximately 1.31 billion litres of petrol in December 2025, according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). During the same period, the Dangote refinery reportedly supplied 992 million litres,...

N4.46trn Livestock Imports Drive Domestic Growth Initiative   Nigeria has imported livestock products worth N4.46tn in 66 months, a figure that stakeholders struggle to reconcile. While the data does not specify the exact components, industry players support the importation of high-yielding animal species for cross-breeding but...

Nigeria Spends N804bn on Arms Imports, Experts Urge Domestic Production   Nigeria spent N804.10bn on arms and ammunition imports between 2020 and the second quarter of 2025, according to data obtained from the National Bureau of Statistics (NBS). Despite moves by the government to expand domestic production,...

The United States has slashed its imports of Nigerian goods by 41 per cent in just one month, raising alarm over the fragile state of Nigeria’s trade relations with one of its most strategic global partners.

N2trn Drop in Petrol Imports as Local Production Improves   Nigeria’s petrol import bill fell significantly in the first quarter of 2025, dropping to N1.76tn from the N3.81tn recorded in the same period in 2024, representing a difference of over N2tn. According to the latest foreign...