TwentyTenDaily

Tag: Import bill

  • Import Bill On Used Vehicles Rises By 12%

    Import Bill On Used Vehicles Rises By 12%

    Findings from the National Bureau of Statistics has shown that Nigeria’s spending on importing used vehicles rose by 12.6 percent to N617.48 billion in 2021. This is an increase from N548 billion in 2020 on the back of reduction in import duty on used vehicles. NBS Foreign Trade data in Goods Statistics report showed that…

  • In Nine Months, Import Bill Rose To $8.92bn

    In Nine Months, Import Bill Rose To $8.92bn

    Between January to September 2021, Nigeria’s total import bill for the period rose to $8.92bn from $4.29bn in the same period of 2020. This was disclosed by an economist and Chief Consultant, B. Adedipe Associates Limited, Dr Biodun Adedipe, while presenting the report titled ‘National economic outlook: Implications for businesses’, during an event organized by…

  • Monthly Import Bill Hit N2.28tn In Q1

    Monthly Import Bill Hit N2.28tn In Q1

    According to a report by a management and financial consulting company, Nigeria’s monthly import bill hit a record of N2.28tn at the end of the first quarter of 2021. The report was presented by the Chief Consultant, B. Adedipe Associates Limited, Dr. Biodun Adedipe, during a forum organised with the theme ‘Nigerian banking sector in…