Nigeria's imports squeezed by cash scarcity, fall by 25.8 per cent year-on-year

Nigeria’s total imports declined by 25.83 percent in the first quarter (Q1) of 2023, from N7.5 trillion recorded in Q1 ‘2022 to N5.56 trillion. The figure recorded last quarter was, however, higher than the N5.36 trillion recorded in quarter four of last year.