Chinese Imports

Business

China Supplies 39 Percent Of Nigeria’s Imports As Trade Deficit Hits ₦9.9trn

Ogochukwu Onwaeze, THEWILL -
Nigeria’s imports from China increased from ₦5.10 trillion in the first quarter of 2026 to ₦5.92 trillion in the second quarter, according to the latest Foreign Trade in Goods Statistics from the National Bureau of Statistics.
Business

Tariff Removal on Chinese Imports to Save Nigeria $1.4bn Yearly

Ogochukwu Onwaeze, THEWILL -
March 16, (THEWILL) — Nigerian manufacturers and other import-dependent businesses are expected to save about $1.4 billion annually following the removal of tariffs on selected Chinese imports, a development aimed at reducing production costs and boosting industrial growth. The tariff...
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BusinessOgochukwu Onwaeze, THEWILL -

Nigeria Spends N7.7tn on Debt Interest as Capital Spending Falls to N700bn

The figures, contained in the World Bank’s October 2026 Nigeria Development Update, show that interest payments amounted to 124.2 per cent of the Federal Government’s N6.2tn revenue between January and June.
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