The Federal Government revealed on Wednesday that Nigeria’s daily petrol consumption has decreased to 50 million litres, with domestic refineries now meeting half of the demand....
The former Katsina State Governor, Aminu Masari, said on Saturday Nigeria cannot achieve meaningful economic progress with its heavy dependence on imports. Masari spoke at the...
The Central Bank of Nigeria (CBN) has directed the Nigerian Customs Service (NCS) to adopt the same forex rate for importation and clearance of goods in...
Minister of Agriculture, Abubakar Kyari, has given a five-year deadline for Nigeria to end the importation of wheat which he says is gulping the country’s foreign...
Lagos State attracted the highest capital importation by states in the first quarter (Q1) 2023, as Nigeria’s total capital importation stood at $1.13 billion in the...
The Broadcasting Organisations of Nigeria (BON) has called on the Federal Government to ban the importation of analogue television sets into the country and reduce the...
The House of Representatives said it has discovered an illegal N5 billion Duty Waiver granted to a Chinese firm, China Habour, by the Nigerian Customs Service...
The possibility of Nigeria’s local currency, the Naira, shedding its value in Quarter 3 in response to its perennially strong import culture, which far outpaces its...
Nigerian Senators on Tuesday shot down a suggestion by Senator Francis Fadahunsi for a five year ban on the importation of generators into the country. Fadahunsi...
The Central Bank of Nigeria, CBN, will continue to implement policies that will help reduce the importation of goods that can be produced locally in the...
President Muhammadu Buhari on Tuesday said the rice seedling factory in Calabar would reduce rice importation along Nigeria’s borders, thereby saving the nation’s foreign exchange. Buhari,...
Despite the flooding of the Nigerian market with petrol by the Nigerian National Petroleum Corporation (NNPC), which has led to the sale of the product at...
The Dangote Rice Outgrower Scheme in Jigawa State reached a turning point on Thursday when the President of Dangote Group, Aliko Dangote laid a foundation stone...
The revelation by the Minster of Industry, Trade and Investment, Okechukwu Enelamah, that Nigeria’s Federal Government alone spends over $170 million yearly to import tomatoes has...
The Minister of State for Foreign Affairs, Hajiya Khadija Abba-Ibrahim, has said that Nigeria will soon stop the importation of wheat from Russia. . Abba-Ibrahim, represented...
Even as the nation grapples with scarce foreign currency, especially the dollar, it still spends $6 billon and $5 billion, on importation of wheat and flour...
The Nigerian National Petroleum Corporation, NNPC, may have concluded plans to start importing crude oil from Chad and Niger Republic to feed its Kaduna Refinery in...
