Tag: NBS

Textile Imports Hit N814bn, Despite Govt's Revival Pledge   Nigeria’s textile imports rose to N814.27bn in the first nine months of 2025, despite repeated claims by the Federal Government that it is reviving the sector. Stakeholders noted that the rising importation signalled a weaker local industry...

Nigeria’s foreign trade has grown strongly under President Bola Tinubu, with exports rising, total trade expanding and trade surpluses recorded every quarter since mid 2023.

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate decreased to 14.45 percent in November 2025.

Nigeria’s exports to African countries surged 97.16% year-on-year in Q3 2025, reaching N4.9tn, according to the National Bureau of Statistics (NBS).

Local Refining Boom Cuts Petrol Imports by N6trn   Nigeria’s petrol import bill fell sharply in the first nine months of 2025, dropping by N6.07tn compared with the same period of 2024, according to an analysis of National Bureau of Statistics trade data. The value of imported...

Trade Surplus Hits N6.69trn as Nigeria's Exports Shine   Nigeria recorded a trade surplus of N6.69tn in the third quarter of 2025, at a 27.29 per cent growth rate, continuing a trend of trade surpluses. Stakeholders attribute the consistent positive performance to the economic reforms in...