Imports
China-Nigeria Trade Rises to $15.48 Billion in 7 Months
Bilateral trade between Nigeria and China surged by 34.7% to $15.48 billion from January to July 2025, strengthening economic ties between the two...
Africa Faces Trade Crossroads as New US Tariffs Spur Self-Reliance Push
As the ripple effects of newly imposed U.S. tariffs begin to spread across the globe, Africa finds itself at a critical juncture, compelled...
Nigeria to Establish National Strategic Petroleum Reserve Amid Fuel Security Push
In a move aimed at fortifying its energy security and shielding its economy from the volatility of international markets, Nigeria has announced plans...
Afreximbank Commits $3 Billion to Fuel Intra-African Oil Trade
In a significant move aimed at bolstering Africa’s energy independence, the African Export-Import Bank (Afreximbank) has pledged a substantial $3 billion investment to...
US Slams Nigeria’s Import Ban as Unfair Trade Barrier
The United States government, via its Trade Representative (USTR), has expressed strong disapproval of Nigeria’s extensive ban on 25 categories of imported goods,...
Canada Retaliates: Imposes Tariffs on $155 Billion in US Goods
Canada has retaliated against the United States’ recent trade measures by imposing 25% tariffs on $155 billion worth of US imports, Prime Minister...
Nigeria Refineries: A Paradox of Plenty and Scarcity
Nigeria’s oil refining sector presents a complex paradox. While the nation boasts a combined refining capacity of 985,000 barrels per day across its...
NCS Introduces 4% FOB Charge on Imports, Sparks Industry Debate
The Nigerian Customs Service (NCS) has ignited a wave of discussions within the import-export sector with the implementation of a 4% charge on...
Nigeria’s Fuel Imports Plummet as Dangote Refinery Disrupts Global Trade
Nigeria’s reliance on foreign fuel suppliers is dwindling rapidly, a seismic shift driven by the burgeoning production of the Dangote Refinery. This unprecedented...