In Nine Months, Nigeria Imports N143bn Solid Minerals   Nigeria imported solid minerals worth N143.1bn from January to September this year, according to data collated from the National Bureau of Statistics. The NBS data also show that the country exported N42.5bn solid minerals in the nine-month period,...

Nigeria’s Service Imports Surpass Exports, Records $33.7bn Deficit   Nigeria recorded trade in services deficit of $33.7bn in 2019, even as its merchandise exports fell by 14.1 per cent in the same year, according to the United Nations. The UN, in its UN Comtrade International Statistics Yearbook...

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...