Manufactured imports hit ₦18trn amid rising import dependence
Nigeria recorded a 16.9 per cent Year-on-Year rise in manufactured goods imports, reaching N18 trillion in the first half of 2026, a…
Imports
Nigeria boosted US crude imports by 167% in 2025
Nigeria’s crude oil imports from the United States surged by 167 per cent in 2025. According to data from the United States…
FX stability drives Nigeria’s car imports to N1.01tr
Nigeria’s importation of passenger motor cars rebounded strongly in 2025 as relative stability in the foreign exchange market eased pressure on dealers…
Nigeria’s raw material imports surge to ₦3.53trn in six months
Nigeria’s manufacturing sector is increasingly dependent on imported raw materials for survival, a trend that runs contrary to national plans and expectations…
Nigeria spent N26.95bn on foreign arms in H1 2025
Nigeria’s import bill for arms and ammunition surged in the first half of 2025, with the country spending N26.95 billion on foreign…
4% FOB levy’ll add ₦4trn to freight costs, Importers warn
The Importers Association of Nigeria has declared that the four per cent free on-board, FOB levy is estimated to add N4 trillion…
US slashes Nigerian imports by 41% in one month
The United States has slashed its imports of Nigerian goods by 41 per cent in just one month, raising alarm over the…
Customs end duties on imports under $300
Nigerian travellers and online shoppers will no longer pay customs duties on goods worth $300 or less, following a new policy approved…
10 unbelievable things Nigeria imports
Countries around the globe frequently partake in the importation of goods, especially when local manufacturing or production cannot meet the demands of…
How Nigeria spent N6.7trn on agric imports in five years – NBS
Figures from the National Bureau of Statistic shows that Nigeria spent N6.7 trillion in total over five years on the importation of…
Experts urge Tinubu to encourage local production to mitigate importation
Bola Wilson Adekumola Financial experts have called on the President-elect, Asiwaju Bola Tinubu, to adopt policies that will enhance the local…
Imported goods stunting Nigeria’s domestic production – Presidency
Bisola David The Special Adviser to the President on Media and Publicity, Femi Adesina has said that Nigerian consumers should…