August 6, 2025
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Local Production

Kiin360 Local Production
Business Crude Oil Economy

Petrol Imports Drop by N2tn as Local Production Improves

June 13, 2025 Nigeria’s petrol import bill has seen a significant decline, dropping by over ₦2 trillion in the first quarter of 2025, a development attributed to an increase in domestic refining capacity. According to data from the National Bureau of Statistics (NBS), the country spent ₦1.76 trillion on petrol imports between January and March

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Business

Lack of Incentives for Local Production Worsens Housing Crisis.

A recent report by BuyLetLive has highlighted how the absence of regulatory incentives for local production of building materials continues to aggravate Nigeria’s housing crisis. The report noted that the country remains heavily dependent on imported construction materials, making the housing industry vulnerable to exchange rate fluctuations and global inflation. It emphasized that localizing the

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