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...

Ban On Importation Of Rice Boosting Local Production — Customs   The Nigeria Customs Service (NCS) says the ban on the importation of rice into the country is encouraging local production and the establishment of more local rice mills, especially in the north. The Acting Controller of...

Fed Govt Approves Local Production Of Bitumen   The Federal Government has given approval for investment by manufacturers in the local production of bitumen and other construction materials that are being imported for the construction of roads. It was gathered on Thursday that the Federal Executive Council...

CBN Plans Increased Local Production In Agric Sector     The Central Bank of Nigeria has said it is stimulating local production in the agriculture business to enhance growth and boost employment in the country. Some of the apex bank’s agribusiness initiatives are the Agricultural Credit Guarantee Scheme...