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

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

Nigeria’s petrol import bill fell sharply in the first quarter of 2025, dropping to N1.76 trillion from N3.81 trillion recorded ...

Imports up 30.9% to N7.51trn By Yinka Kolawole The value of manufactured goods traded in the first quarter of 2025 (Q1’25) increased by 29.9 percent, year-on-year (YoY), to N7.81 trillion from N6.01 ...

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

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.

Nigeria achieved a trade surplus of N5.17tn in the first quarter of 2025, representing a 51.07 per cent increase from the ...

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 ...

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

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

The parallel import mechanism was introduced in Russia in early May 2022 in response to sanctions from unfriendly countries. By the end of 2022, parallel imports to Russia exceeded $20 billion, ...