Manufactured Imports Exceeded Exports By N4.3trn In Q2 – NBS           The value of manufactured goods imported into the country exceeded exports by N4.37tn in the second quarter of 2021, according to figures obtained from the National Bureau of Statistics. The NBS stated that the value of...

US Imports Of Nigerian Oil Falls To Five-year Low   The United States slashed its imports of Nigerian crude oil by 64.12 per cent in 2020 to the lowest in five years. The North American country bought 24.42 million barrels of Nigerian crude oil last year, down...

Nigeria Imports N2.59trn Goods From Asia In Three Months - NBS       Goods traded by Nigeria with other West African countries have been ranked as the least among the country’s global trade partners. Figures obtained from the National Bureau of Statistics’ foreign trade statistics for the third...

Foreign Reserves Adequate For Seven Months Imports — CBN         The Central Bank of Nigeria, CBN, has indicated that the country’s foreign exchange reserves at current level of about USD35 billion would cover seven months import needs of the economy. This is contained in the apex bank’s...

Nigeria Imports N1.62trn Petrol In Nine Months         Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from January to September, the latest data obtained from the National Bureau of Statistics have shown. The country spent N1.72tn on petrol imports in the...

In Three Years, Nigeria’s Pharmaceutical Imports Top N500bn     Nigeria imported over N500 billion worth of pharmaceutical products in the last three years, it was leant. It was leant that only 20 per cent of pharmaceutical products are being manufactured locally, while 80 per cent pharmaceutical are...