Nigeria’s imports from China surged to N14.15 trillion in 2024, more than doubling the N6.6 trillion recorded in 2023, data from the latest Foreign Trade Statistics report published by the National Bureau of Statistics (NBS) showed. This represents a year-on-year increase of N7.55 trillion or 114.3 per cent, reaffirming China’s position as Nigeria’s top import partner. On the export side, …

The total value of manufactured goods imported into Nigeria hit N16 trillion between 2023 and 2024, according to Saturday PUNCH analysis of the Foreign Trade report published by the Nigerian Bureau of Statistics (NBS) over 12 months. The analysis also revealed that the value of the manufactured goods imported into the country between April 2023 and March 2024 increased by …

Commodity dealers at the popular Singer Market have entered into an agreement with the Public Complaints and Anti-corruption Commission (PCACC) to maintain stable prices of goods. Earlier, stores belonging to the dealers were clamped down by officials of PCACC which led to an investigation which revealed that the commodity dealers were not party to the hoarding of goods in the …

The Federal High Court in Lagos on Wednesday ordered the Federal Government to fix the prices of goods and petroleum products within seven days. Justice Ambrose Lewis-Allagoa specifically ordered the government to fix the price of milk, flour, salt, sugar, bicycles, and their spare parts, matches, motorcycles and their spare parts, motor vehicles and their spare parts as well as …

A fire outbreak was on Monday recorded along the Ado-Ajah Road, Lagos. The fire was said to have consumed some furniture shops located in the area. An X user, ChuksEricE, shared a video of the raging fire on Monday. He captioned the video, “Fire outbreak at Ajah, Lagos State right now.” The cause of the fire is yet unknown. A …