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...

Imports From Other West African Nations Decline By N127bn   The value of goods imported by Nigeria from other West African nations, especially members of the Economic Community of West African States, fell by N127bn between the second and third quarter of 2019. Data from the National...

AfCFTA May Increase Nigeria’s Imports By 251%, Report Says   When the African Continental Free Trade Area agreement comes into full force, imported goods to Nigeria may jump by 251 per cent within 15 years. This, according to a research conducted by the Centre for Trade and...

In 5 Years, Palm Oil Imports Gulp N504bn   Importation of palm oil into the country gulped $1.4bn (about N504bn) in the past five years, investigation has shown. Global import data from the United States Department of Agriculture indicate that Nigeria imported a total of 2.04 million...

Petrol Imports Hit 5.61bn Litres In 2019 Q2   The volume of Premium Motor Spirit, also known as petrol, imported into the country rose by 15.2 per cent in the second half of the year to 5.61 billion litres amid concerns over smuggling of the product...