Connect with us
Maduka University Advert

News

Nigeria suffers nearly N1tn export loss after Trump tariff

Published

on

Maduka University
Nigeria’s exports to the United States fell by N940.98bn in the first nine months of 2025, even as imports from America more than doubled, reversing the trade balance that favoured Nigeria a year earlier, findings from the National Bureau of Statistics’ foreign trade data have shown.

An analysis of the NBS figures for Q1–Q3 2024 and Q1–Q3 2025 showed that Nigeria exported goods worth N3.65tn to the US in the first nine months of 2025, down from N4.59tn recorded in the corresponding period of 2024, representing a decline of 20.5 per cent or N940.98bn.

Over the same nine-month period, Nigeria’s imports from the US rose sharply to N6.80tn from N3.01tn, an increase of 125.5 per cent or N3.78tn, indicating that Nigeria bought far more from the US than it sold to the market in 2025.

This left Nigeria with a trade deficit of about N3.15tn with the United States in the first nine months of 2025, compared with a trade surplus of N1.57tn in the corresponding period of 2024.

The deterioration coincided with Washington’s implementation of its “reciprocal” tariff regime, under which Donald Trump signed an executive order raising Nigeria’s tariff rate from 14 per cent to 15 per cent.

Advertisement

The order, issued late July, took effect on August 7, 2025. Although crude oil has been exempted in several cases, the higher duty applies directly to a wide range of non-oil Nigerian exports, creating uncertainty for American importers and dampening demand ahead of and after the effective date.

With crude oil exports largely exempted from the new tariff regime, non-oil exports appear to have borne the brunt of the disruption. In the first nine months of 2024, Nigeria’s exports to the US rose steadily quarter-on-quarter, from N1.31tn in Q1 to N1.59tn in Q2 and N1.69tn in Q3.

Imports, by contrast, remained relatively moderate at N1.01tn, N965.50bn, and N1.04tn respectively. This resulted in trade surpluses of N301.94bn in Q1, N620.99bn in Q2, and N649.71bn in Q3, culminating in a cumulative surplus of N1.57tn for the nine-month period.

That trend reversed sharply in 2025. Although exports opened the year at N1.54tn in Q1, they fell to N1.36tn in Q2 and then plunged to N743.63bn in Q3. Imports followed the opposite trajectory, rising from N1.42tn in Q1 to N2.16tn in Q2 and surging further to N3.22tn in Q3.

Quarter-on-quarter analysis showed that exports declined by 11.9 per cent between Q1 and Q2 2025, before collapsing by 45.3 per cent between Q2 and Q3. Imports, meanwhile, jumped by 51.8 per cent between Q1 and Q2 and rose by another 49.1 per cent between Q2 and Q3, rapidly widening Nigeria’s trade deficit with the US.

Advertisement

On a year-on-year basis, exports to the US grew by 17.7 per cent in Q1 2025 compared with Q1 2024, but the trend reversed thereafter. Exports fell by 14.3 per cent in Q2 2025 compared with Q2 2024 and plunged by 56.0 per cent in Q3 2025 relative to Q3 2024.

Imports increased sharply across all quarters, rising by 40.9 per cent in Q1, 123.5 per cent in Q2, and 209.4 per cent in Q3. The sharp contraction in export earnings explains why the United States dropped out of Nigeria’s top five export destinations by Q2 and Q3 of 2025, despite remaining one of Nigeria’s largest sources of imports.

Product-level data from the NBS further shows the imbalance. In Q1 2025, Nigeria’s exports to the US were dominated by crude petroleum oils valued at N779.38bn, followed by urea at N240.17bn and kerosene-type jet fuel at N214.30bn. Other export items included petroleum gases in gaseous state valued at N95.97bn and standard quality cocoa beans at N58.84bn.

Imports from the US in Q1 2025 were led by crude petroleum oils worth N726.84bn, alongside used diesel vehicles above 2,500cc valued at N93.51bn, lubricating oil additives at N60.12bn, soya beans at N45.04bn, and butanes at N32.85bn.

By Q2 2025, Nigeria’s export basket to the US had narrowed significantly, led by cocoa beans worth N37.39bn and urea valued at N106.44bn, alongside technically specified natural rubber at N10.43bn and leather products valued at N127.22m.

Advertisement

Imports, however, expanded sharply, with crude petroleum oils alone valued at N1.34tn, followed by used vehicles, wheat, motor spirit, and denatured alcohol. In Q3 2025, exports dwindled further to relatively minor items such as soya bean flour valued at N23.60bn, cocoa powder preparations worth N36.83m, and technically specified natural rubber valued at N5.03bn.

Imports from the US continued to surge, with crude petroleum oils rising to N2.31tn, alongside strong inflows of used vehicles, wheat, and industrial plastics. With the US no longer among Nigeria’s top five export destinations by mid-2025 and imports accelerating rapidly, the figures highlight growing structural weaknesses in Nigeria’s trade position and the vulnerability of its export earnings to external policy shifts.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

One Dead, Three Injured in Anambra Building Collapse as Govt Seals Site

Published

on

Maduka University

By Okey Maduforo, Awka

One person has been confirmed dead while three others sustained injuries following the collapse of a three-storey building in Oko, Orumba North Local Government Area of Anambra State.

The building, which reportedly housed students of the Federal Polytechnic, Oko, collapsed on Sunday night, trapping some occupants beneath the rubble.

The injured survivors were rescued and taken to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital and St. Michael’s Hospital, Oko, where they are currently receiving treatment.

Meanwhile, the Anambra State Government has sealed off the site of the collapsed building, reaffirming its commitment to stricter enforcement of physical planning regulations and the elimination of unsafe construction practices.

The Commissioner for Physical Planning and Urban Development, Barrister Chijioke Ojukwu, said preliminary findings indicated structural failure as the likely cause of the collapse.

Advertisement

He announced the immediate closure of the site pending comprehensive investigations and structural integrity assessments.

Ojukwu said the incident would mark a turning point in the enforcement of building regulations across the state, warning that owners and developers of defective or non-compliant structures would face sanctions.

He added that ongoing construction projects would also be subjected to stricter inspections.

The Commissioner for Works, Arc. Okey Ezeobi, said technical investigations were ongoing to determine the exact cause of the collapse, adding that a team of professionals had been deployed to conduct a comprehensive structural evaluation.

Ezeobi assured residents that recommendations arising from the investigation would be implemented to strengthen the state’s building control system, prevent future occurrences and ensure that anyone found culpable is prosecuted in accordance with the law.

Advertisement

The Commissioner for Health, Dr Afam Obidike, said medical personnel and ambulances were immediately deployed to the scene to provide emergency care for the injured.

He said the Ministry of Health worked closely with other emergency response agencies throughout the rescue operation.

Obidike commended the swift and coordinated response of the Anambra State Government and emergency agencies, describing it as crucial to the rescue efforts and the timely medical treatment of the victims.

The Mayor of Orumba North Local Government Area, Rtd. Capt. Casmir Nwafor, also praised the rapid intervention of the state government and emergency responders, noting that their coordinated efforts helped contain the situation and minimise further risks.

Nwafor urged developers, property owners, institutions and residents to strictly comply with approved building regulations and safety standards, reaffirming the local government’s support for the enforcement of physical planning laws.

Advertisement

An eyewitness, Prince Ifeanyi Ezefunamba, said the building, reportedly occupied by students of the Federal Polytechnic, Oko, collapsed at about 10:00 p.m. after occupants heard cracking sounds and began evacuating.

He said one survivor, Miss Chioma Akabike, narrowly escaped moments before the building collapsed, while rescue operations commenced immediately.

Continue Reading

News

Traveller Praises Enugu Air, Says Airline Has Made Enugu More Accessible

Published

on

Maduka University

A traveller who arrived in Abuja aboard an Enugu Air flight has praised the airline for its service, describing the flight as smooth, calm and comfortable despite unfavourable weather conditions.
The traveller, Wordshot Amaechi Ugwele, in a viral social media post said Enugu Air had become a source of pride for the South-East and had significantly improved connectivity between Enugu and other parts of Nigeria.
Ugwele said the airline’s expansion to destinations including Benin and Kano had made air travel more accessible to residents of the region.
He said, “Today, our people can also fly directly from Enugu to Kano, a travel convenience that would have seemed unimaginable not too long ago, until Enugu Air made it a reality.”
Ugwele also commended Enugu State Governor, Peter Ndubuisi Mbah, for what he described as his vision, meticulous planning and disciplined execution in driving development across the state.
According to him, the governor’s achievements in infrastructure, connectivity and economic transformation had contributed to Enugu’s emergence as one of Nigeria’s fastest-growing states.
He said the establishment and expansion of Enugu Air demonstrated the administration’s commitment to improving transportation and connecting Enugu with other parts of the country and beyond.

Continue Reading

News

Canada based Prophetess Sparks Controversy After Celebrating Mother-in-Law’s Death

Published

on

Maduka University

Prophetess Ezinne Nwanorue, a Nigerian preacher based in Canada, has sparked controversy online after appearing to celebrate the death of her mother-in-law in a social media post that has drawn widespread criticism.

The cleric shared the funeral poster of the deceased, Comfort Nwanorue, on Facebook on Monday, accompanying it with remarks in which she accused her late mother-in-law of being responsible for some of the challenges she had faced in the past.

Ezinne claimed she had endured years of spiritual attacks and persecution, saying she believed God had exposed those she held responsible for her struggles.

She also issued stern warnings to individuals she described as agents of evil, urging them to repent.

Her comments triggered a wave of reactions on social media, with many users criticising her for publicly expressing what they perceived as joy over the death of a family member.

Advertisement

The incident has also renewed public interest in Ezinne’s marriage to Franklin Nwanorue, which previously made headlines over a controversial fidelity oath he took before relocating to Canada.

Before leaving Nigeria, Franklin reportedly recorded a video in which he pledged to remain faithful to his wife, declaring that he should die if he ever cheated on her after relocating abroad.

However, Ezinne later accused her husband of violating the oath, alleging in a separate Facebook post that he had become involved with another woman despite his public declaration.

As of the time of filing this report, Franklin Nwanorue and other members of his family had yet to publicly respond to Ezinne’s latest social media post.

Advertisement
Continue Reading

News

Nnamdi Kanu Terminates Ifeanyi Ejiofor’s Legal Representation, Withdraws IPOB Mandate

Published

on

Maduka University

The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has formally terminated the services of his longtime personal lawyer, Barrister Ifeanyi Ejiofor, directing him to stop representing him, his family or IPOB in any capacity.
In a letter dated July 22, 2026, and written from the Sokoto Correctional Centre, Kanu said Ejiofor’s engagement as his personal legal representative had previously been terminated verbally, adding that the latest letter served as formal written confirmation of the decision.
Kanu also withdrew any authority previously granted to Ejiofor to act for or represent IPOB, insisting that the lawyer no longer had any express, implied or ostensible authority to speak or act on behalf of the group.
Citing Section II, Subsection A of the IPOB Code of Conduct, Kanu said the power to appoint, suspend or dismiss principal officers rests exclusively with the IPOB leader unless expressly delegated.
He argued that no individual, committee or former office holder acting outside the provisions of the IPOB Code of Conduct could validly appoint or retain legal representatives for the organisation.
Kanu directed Ejiofor to immediately stop making public statements, granting interviews, issuing press releases or publishing social media posts on behalf of him, his family or IPOB.
He also instructed the lawyer to stop presenting himself as his legal representative or that of IPOB in any court, forum or public space, and to take the necessary legal steps to withdraw from any pending matters in which he remains counsel of record.
See also: Nnamdi Kanu engages new legal team as terrorism trial begins today
In the letter, Kanu warned Ejiofor against disclosing or misusing confidential information obtained during their lawyer-client relationship.
“Accordingly, I hereby place you on formal notice that you are not authorised to disclose, publish, communicate, exploit, or otherwise use any confidential or privileged information acquired in the course of your retainer, whether directly or indirectly, for any purpose whatsoever, except as required by law or by order of a court of competent jurisdiction, without my express written authorisation.
“Any unauthorised disclosure or misuse of privileged information may constitute professional misconduct and may give rise to disciplinary proceedings before the Legal Practitioners Disciplinary Committee, as well as any other remedies available under the law.”
Kanu further cautioned that any breach of client confidentiality or unauthorised disclosure of privileged information could amount to professional misconduct and attract disciplinary proceedings before the Legal Practitioners Disciplinary Committee (LPDC), in addition to other legal remedies available under Nigerian law.
I tightened the language, removed repetition and improved the flow while retaining the substance of the original report.

Continue Reading

News

Rescue Operations Ongoing After Three-Storey Building Collapses in Oko

Published

on

Maduka University

Rescue operations are ongoing following the late-night collapse of a three-storey building known as Elite Five Star Lodge, located beside Tonimas Filling Station in Amokpala, Oko, Orumba North Local Government Area of Anambra State.

The building collapsed on Sunday night, July 26, 2026, trapping some occupants beneath the rubble.

According to the Anambra State Police Command, a police-led joint security team was immediately deployed to the scene following a distress report.

The state Police Public Relations Officer, PPRO, SP Tochukwu Ikenga, disclosed this in a statement made available to newsmen on Monday.

Ikenga said, “On receipt of the distress report, the police, in collaboration with other security agencies, immediately mobilised to the scene, secured the area to prevent further danger, and coordinated rescue efforts.

Advertisement

“The Anambra State Fire Service and the Anambra State Emergency Management Agency (SEMA) also responded promptly and joined in the rescue operation.

“The Command notes that rescue operations are ongoing to reach other persons who may still be trapped, as the number of casualties or affected persons cannot yet be confirmed.

“Also, some injured victims have been rescued from the debris and evacuated to a hospital in Oko, where they are currently receiving medical attention.

“To this end, members of the public, especially residents in the area, are urged to remain calm, avoid spreading unverified information, and stay away from the scene to allow emergency responders unrestricted access.

“Further updates will be communicated as more verified information becomes available.”

Advertisement
Continue Reading
Advertisement

Trending