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...

According to the latest foreign trade statistics from the National Bureau of Statistics (NBS), Nigeria's imports from Malta hit an unprecedented N766.81bn in the third quarter of 2024. 

'Nigeria Loses N50m Daily To Pineapple Importation'   An Agriculturist, Amb. Oluwasegun Alabi, has disclosed that the country loses N50 million daily to importation of pineapples despite producing about 1,607,200 metric tons per annum, placing the country as the eight largest producers of the crop in...

NBS Report: Naira Crash Pushes Raw Material Imports To N3trn   Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to the Foreign Trade Statistics data published by the National Bureau of Statistics (NBS). The major raw materials...