US cuts Nigerian imports by nearly 50%

US cuts Nigerian imports by nearly 50%

The United States of America cut its purchase of Nigerian crude oil significantly in January 2026, and imports fell by 47.16 percent month-on-month, according to the latest data from the US Census Bureau and the US Bureau of Economic Analysis. Figures from the US report on International Trade in Goods and Services show that US … Read more

Foreign bank inflows jump to 93% amid financial reforms

NBS

Abroad Revenue in Nigeria’s banking sector has risen by a whopping 93.25 percent year-on-year to $13.53bn in 2025, from $7.00bn reported in 2024, amid the ongoing signal of recapitalization by the Central Bank of Nigeria. Data from the National Bureau of Statistics report on foreign investment showed that the banking sector remains the main source … Read more