Crude palm oil imports soar 487% on rising demand

Crude palm oil imports soar 487% on rising demand

Nigeria’s crude palm oil imports surged by 487% to N91.62bn in the first half of 2026, highlighting a major gap between local production and demand. Read More: https://punchng.com/crude-palm-oil-imports-soar-487-on-rising-demand/

Crude Palm Oil Imports Jump 487% Amid Rising Demand - Economi Confidential

Crude Palm Oil Imports Jump 487% Amid Rising Demand   Nigeria’s crude palm oil imports rose 486.94 per cent year-on-year to N91.62bn in the first half of 2026, highlighting the widening gap between domestic production and industrial demand. Data from the National Bureau of Statistics’ Foreign Trade in Goods report showed that the country spent […]

Nigeria’s Palm Oil Imports Surge 487% to N91.62bn

By Diden Abigail Owuntarose Nigeria’s crude palm oil import bill surged by 486.94 per cent year-on-year to ₦91.62bn in the first half of 2026, highlighting the widening gap between domestic production and industrial demand. Data from the National Bureau of Statistics’ (NBS) Foreign Trade in Goods Report showed that the country spent N91.62bn on crude palm oil imports between January and June 2026, compared with N15.61bn recorded in the correspon…