Imports choke textile industry, rise to N1.1trn in two years
Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated efforts to revive the oncethriving local textile industry.
Agents fault FG’s Green Tax on imported vehicles, demand suspension
By Godwin Oritse The Association of Nigerian Licensed Customs Agents (ANLCA) has called on the Federal Government (FG) to suspend the implementation of the Green Tax Policy, scheduled to take off from July 1st, 2026, citing inadequate stakeholder engagement by the implementing agency, the Nigeria Customs Service (NCS). The association argued that key stakeholders, particularly licensed […]
Domestic air travel fare rises 20.8% in May
By Elizabeth Adegbesan Domestic air travel fares rose by 20.8 percent year-on-year (YoY) to N157,552 in May 2026 from N130,361 in May 2025. The National Bureau of Statistics (NBS) disclosed this in its latest Transport Fare Watch which showed increases in fares across other transport categories. The NBS stated: “In air travel, the average fare paid […]
Cost of Healthy Diet rises 3% to N1,589/day
By Elizabeth Adegbesan The national average Cost of a Healthy Diet (CoHD) rose by 3.12 percent month-on-month (MoM) to N1,589 per adult per day in April from N1,541 per adult per day in March 2026. The National Bureau of Statistics (NBS) disclosed this yesterday in its CoHD Report for April 2026, noting that the increase was […]
Agents fault FG’s Green Tax on imported vehicles, demand suspension
By Godwin Oritse The Association of Nigerian Licensed Customs Agents (ANLCA) has called on the Federal Government (FG) to suspend the implementation of the Green Tax Policy, scheduled to take off from July 1st, 2026, citing inadequate stakeholder engagement by the implementing agency, the Nigeria Customs Service (NCS). The association argued that key stakeholders, particularly licensed […]
AfCFTA lifts Nigeria’s intra-African trade by 21% to $9.02bn in 2025
Nigeria recorded a 21 per cent increase in intra-African trade in 2025, with total trade rising to $9.02 billion as the implementation of the African Continental Free Trade Area (AfCFTA) continued to unlock new export opportunities and deepen regional commercial integration, as businesses leveraged preferential market access and lower trade barriers. The latest African Trade Report […]
