Tags : Imports

Nigeria’s imports rise by N12.11tn

According to the Central Bank of Nigeria and the National Bureau of Statistics data, between 2016 and 2021 Nigeria’s import bill rose from N8.73 trillion to N20.84 trillion. This means that within the five-year period, imports into the country rose by N12.11tn or 129.10 percent. The CBN data show that the nation’s imports have been […]Read More

Foreign Countries Tops Nigeria Import, Export Market

In the fourth quarter of 2020, Nigeria’s major export and import markets were from India, Spain, the Netherlands, United States and China, the National Bureau of Statistics has said. According to the Commodity Price Indices and Terms of Trade Q4 2020, the bureau stated that the major commodities exported from Nigeria to the five nations […]Read More

Border Reopening: Another Failed Policy

Over the past week, President Muhammadu Buhari announced  that Nigeria’s borders might be open soon. He made the statement during a meeting with governors elected on the platform of the ruling All Progressive Congress (APC) in Abuja; this comes a few weeks after the government gave Dangote and BUA approval to trade beyond the borders.  […]Read More