Nigeria's N777 Billion Arms Import Bill Revealed
National Bureau of Statistics data shows Nigeria spent N776.9 billion on arms imports from 2020-2025, with 2024 recording the highest expenditure at N520 billion amid rising insecurity.
Category : Search result: import export
LASTCOC Applauds Apapa Port Manager for Traffic Improvement
Lagos State Truck Operators commend Apapa Port Manager Adebowale Lawal's 24/7 dedication that resolved export truck gridlock. Discover how his leadership transformed port access roads.
Reps Panel Vows to End Oil Revenue Leakages
House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.
Nigeria's $3.9B Untapped Export Potential - ITC
International Trade Centre reveals Nigeria's $3.9 billion untapped export opportunities in cocoa, cashew, coffee. Discover how Nigeria can boost forex earnings.
Nigeria imports 4.8M tonnes of wheat yearly - PBAN
PBAN laments Nigeria's heavy reliance on wheat imports, revealing 4.8M tonnes are imported yearly. Insecurity and high costs have forced 40% of bakeries to close. Read more.
Dangote Refinery: We Caused Fuel Price Cut, Not Government
Dangote Petroleum Refinery clarifies it initiated recent pump price reductions, not government tariff reversals. Learn how their November 6 price cuts impacted market dynamics across Nigeria.
Suspended 15% Import Duty Threatens Domestic Refining
The CPPE warns that suspending the 15% import duty on fuel and diesel jeopardizes Nigeria's domestic refineries and energy security. Learn why this policy reversal risks billions in investments.
MURIC faults fuel import tariff suspension, demands reversal
Muslim Rights Concern and other groups criticize FG's suspension of 15% fuel import tariff, calling it harmful to Nigeria's economic growth and local refining capacity. Demand immediate policy reversal.
PAACA Hails 15% Fuel Tariff Suspension by Government
PAACA commends Nigerian government for suspending 15% fuel import tariff, calling it evidence-based advocacy success. Learn how civic engagement influenced policy reversal.
FG Suspends 15% Import Duty on Petrol and Diesel
NMDPRA guarantees sufficient petroleum products during festive season, advises against panic buying as depots announce new prices. Stay informed on Nigeria's energy security.
EU Ends Duty-Free Chinese Imports Under €150
EU states agree to remove duty exemption on small parcels from China to combat unfair competition. New €2 handling fee and earlier 2026 implementation planned.
FG Suspends 15% Fuel Import Duty, Price Crash Looms
The Nigerian government has suspended the controversial 15% import duty on petrol and diesel. Experts predict this decision will lead to a significant drop in fuel prices across Nigeria. Read more for full analysis.
Nigeria suspends 15% import tax on fuel
Federal government suspends 15% import duty on petrol and diesel through NMDPRA. Move aims to prevent price hikes and ensure adequate supply during peak demand period.
Nigerian Businesses Ignoring Lekki Deep Sea Port - NPA
The Nigerian Ports Authority expresses deep concern as local importers and exporters fail to maximize Africa's deepest seaport, raising questions about economic priorities.
Lekki Deep Sea Port Severely Underused - NPA
Nigeria Ports Authority exposes shocking underutilization of Lekki Deep Sea Port as local businesses fail to leverage Africa's deepest port facility, missing massive trade opportunities.
Dangote Refinery Withdraws Lawsuit Against NMDPRA
In a dramatic turnaround, Dangote Refinery has withdrawn its lawsuit challenging the NMDPRA's issuance of import licenses to competitors. Discover how this decision could reshape Nigeria's energy landscape and fuel pricing.
China Deepens Nigeria Ties with CIIE Invitation
Nigeria receives special invitation to China International Import Expo as bilateral trade relations strengthen between Africa's largest economy and Asian giant.
Nigeria Businesses Eye China Trade Boost at Shanghai Expo
Nigerian businesses are positioning for significant economic recovery through strengthened trade partnerships with China at the Shanghai Import Expo, signaling new hope for commerce.
Africa's AI Revolution: Exporting Homegrown Tech Solutions
Discover how African nations are positioning themselves as emerging leaders in artificial intelligence, developing innovative AI solutions tailored to local challenges with global export potential.
Court dismisses Dangote's ₦100bn suit against NNPC
Federal High Court dismisses Aliko Dangote's massive lawsuit against NNPC Limited and regulatory authorities in major oil industry legal battle over import permit denial.
US Supreme Court Skeptical of Trump Tariff Legality
American Supreme Court justices express serious doubts about Trump-era tariff legality, raising concerns about global trade implications and potential impacts on Nigerian importers and consumers.
Toyota Raises Profit Forecast Amid Nigerian Tariff Concerns
Toyota Motor Corporation significantly increases its full-year profit projections amid weak yen and strong sales, but Nigerian consumers may bear the brunt through increased tariffs.
Omoyeni Advocates Expansion of Nigeria's Trade Agreements
Renowned trade specialist Dr. Bimbo Omoyeni calls for Nigeria to strategically expand and leverage international trade agreements to boost economic growth and global competitiveness.
15% Import Tariff: New Burden for Nigerians?
President Tinubu's new 15% import tariff sparks nationwide concern as experts warn of devastating impact on cost of living and struggling businesses.
Tinubu's 15% Petrol Tax Sparks Marketers' Outrage
Nigerian petrol marketers react strongly to President Tinubu's new 15% import tax policy, warning of severe consequences for fuel prices and economic stability across Nigeria.
Trump Tariffs Face Supreme Court Challenge - Nigeria Impact
Former US President Donald Trump's controversial tariff proposal encounters legal hurdles as Supreme Court prepares landmark ruling that could reshape international trade and affect Nigerian economy.
Tinubu gets voter backing on fuel import duty
Key voter advocacy groups throw weight behind President Tinubu amid 15% fuel import duty debate, signaling crucial political backing for economic reforms.
Tinubu's 15% fuel import duty sparks economic debate
A prominent advocacy group defends President Tinubu's controversial 15% import duty on fuel, calling it a strategic move toward economic independence and local refinery growth.
Tinubu's ₦15 Fuel Levy Praised as Job Protection Move
Nigerian economic experts applaud President Tinubu's strategic ₦15 fuel import levy, calling it a revolutionary move to safeguard local jobs and boost economic sovereignty
Could Charcoal Be Nigeria's Next Black Gold?
An eye-opening analysis reveals how Nigeria could transform its charcoal industry into a multi-billion dollar export powerhouse, creating jobs and boosting the economy.
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