Browsing Tag
Imports
5 posts
Nigeria records 207% jump in petrol imports as local refining dips
New data from the NMDPRA reveals a sharp 207% increase in Nigeria's petrol imports during June 2026, driven by a decline in local refinery output and crude oil supply constraints.
Shortages and inflated costs drive preference for stockfish heads in Lagos markets
Rising market prices and supply constraints have led Lagos shoppers to prioritize stockfish heads over traditional cuts, citing both cost-efficiency and superior flavor in local soups.
Nigeria lowers vehicle import charges as traders wait for Green Tax specifics
Nigeria has cut vehicle import levies under new 2026 fiscal guidelines, but industry experts remain cautious as they await clarity on a newly introduced Green Tax.
Customs agents urge government to halt Green Tax on vehicle imports
The Association of Nigerian Licensed Customs Agents is calling for a suspension of the upcoming Green Tax Policy, citing poor stakeholder consultation and concerns over retroactive financial burdens.
Experts urge local investment to replace $2.1 billion ceramic imports
Industry stakeholders at the NCISPE 2026 summit are calling for increased local production to offset a projected $2.1 billion in ceramic imports, criticizing the absence of key government agencies at the event.