Volumes were 0.6% higher in Q1 2025 than they were in 2024, reaching 2.26 million m3, according to the latest TDUK figures.

The National Bureau of Statistics (NBS) says crude oil exports fell by 16.35 percent to N12.955 trillion in the first quarter ...

While the economy continued to rely heavily on oil exports, the growth in non-oil exports, especially in agriculture and raw ...

China and India again emerged as Nigeria’s largest sources of imports in the first quarter of 2025, showing a significant ...

Nigeria’s balance of trade – the difference between its exports and imports of goods and services – increased by 51.07 per ...

Nigeria’s total exports rose to N20.598 trillion in the first quarter (Q1) of 2025, representing a 7.42% increase compared to ...

In the first quarter of 2020, the value of such imports stood at N419.05bn. This rose to N599.89bn in Q1 2021 and further to N674.16bn in Q1 2022. By Q1 2023, the figure had grown to N740.10bn.

Supply chain data shows the flip side to the drop in the trade deficit: an import surge has turned into a pause and small businesses face the most pain.

Nigeria’s total foreign trade volume surged to ₦36.02 trillion in the first quarter (Q1) of 2025, a data released by the National Bureau of Statistics (NBS) ...

This comes despite official claims that Nigeria is reducing its dependence on petroleum imports to meet local demand. A review by SaharaReporters of Nigeria’s foreign trade data for Q1 2025 ...

Saudi Arabia’s imports from GCC countries decreased by 14% year-on-year (YoY) to SAR 18.7 billion in the first quarter of ...