• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 23, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Spends N1.48trn On Raw Material Imports In Q2

by Leadership News
10 months ago
in News
Nigeria
Share on WhatsAppShare on FacebookShare on XTelegram

RELATED

Risk Managers Seek Review Of Nigeria’s Early Warning Systems

Federal Gov’t Warns Kebbi, Niger, Kwara Residents To Leave Flood-prone Areas

1 minute ago
Perpetrators Of Ekiti Killings Will Be Brought To Justice – Oyebanji

‘You’re Collecting Salaries But Can’t Defend Gov’t,’ Oyebanji Slams ‘Disloyal Appointees’

4 minutes ago

Foreign Trade in Goods Statistics” for Q2 2024, revealing a sharp rise in the value of imported raw materials. The report shows that imports reached N1.482 trillion in Q2 2024, a significant increase from N567.80 billion in Q2 2023, largely due to the depreciation of the naira.

Advertisement

On a quarter-on-quarter (QoQ) basis, the value of imported raw materials rose marginally by 0.96% from N1.467 trillion in Q1 2024.

Conversely, the value of raw material exports in Q2 2024 was N366.91 billion, a substantial rise of 151.96% compared to N145.62 billion in Q2 2023 and a 4.01% increase from N352.75 billion in Q1 2024.

The report highlighted key imported raw materials during the period, including cane sugar for sugar refineries, powdered milk preparations containing vegetable fats and oils, and glutamic acids and salts.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Raw Materials
SendShare10168Tweet6355Share
ADVERTISEMENT
Previous Post

Vandals Destroy Lokoja-Gwagwalada Transmission Line, Disrupt Bulk Power Supply – TCN

Next Post

NSITF Expands Compensation Scheme To Fintech, Agency Banking

Leadership News

Leadership News

You May Like

Risk Managers Seek Review Of Nigeria’s Early Warning Systems
News

Federal Gov’t Warns Kebbi, Niger, Kwara Residents To Leave Flood-prone Areas

2025/08/23
Perpetrators Of Ekiti Killings Will Be Brought To Justice – Oyebanji
News

‘You’re Collecting Salaries But Can’t Defend Gov’t,’ Oyebanji Slams ‘Disloyal Appointees’

2025/08/23
NERC Partners Orientation Agency To Sensitise Electricity Consumers
News

Reps Query NERC, Others Over Disbursement Of N59bn National Metering Fund

2025/08/23
NAF Airstrikes Kill 35 Terrorists At Nigeria, Cameroon Border
News

NAF Airstrikes Kill 35 Terrorists At Nigeria, Cameroon Border

2025/08/23
Land Scandal: Singer Zaaki Azzay Resigns As PMAN 2nd Vice President
Entertainment

Land Scandal: Singer Zaaki Azzay Resigns As PMAN 2nd Vice President

2025/08/23
Kano Gov’t Tackles FCTA Over Indiscriminate Repatriation Of Destitutes, Beggars
News

Kano Gov’t Tackles FCTA Over Indiscriminate Repatriation Of Destitutes, Beggars

2025/08/23
Leadership Conference advertisement

LATEST

Federal Gov’t Warns Kebbi, Niger, Kwara Residents To Leave Flood-prone Areas

‘You’re Collecting Salaries But Can’t Defend Gov’t,’ Oyebanji Slams ‘Disloyal Appointees’

Reps Query NERC, Others Over Disbursement Of N59bn National Metering Fund

NAF Airstrikes Kill 35 Terrorists At Nigeria, Cameroon Border

Arsenal Complete Signing Of Eze From Crystal Palace

Land Scandal: Singer Zaaki Azzay Resigns As PMAN 2nd Vice President

Kano Gov’t Tackles FCTA Over Indiscriminate Repatriation Of Destitutes, Beggars

Pregnant Woman ‘Murdered, Butchered’ By Brother-in-Law In Kwara

Sri Lanka’s Ex-President Wickremesinghe Rushed To ICU From Jail

PICTORIAL: Air Peace Gets 4th Boeing 777, Unveils New Intercontinental Routes

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.