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How Singapore sidelined China as Nigeria’s top trading partner

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Singapore has overtaken China as Nigeria’s top import partner for the first time in at least 16 years, a BusinessDay analysis of the latest foreign trade data shows.

The report from the National Bureau of Statistics (NBS) shows that Nigeria imported goods worth N5.09 trillion from Singapore in the fourth quarter of last year which constituted 36.1 percent of total imports (N14.1 trillion).

“Manufactured goods mainly imported were ‘Tanks and other armoured fighting vehicles, motorised, whet’ from Singapore valued at N5,06 trillion followed by ‘Used Vehicles, with diesel or semidiesel engine, of cylinder capacity >2500cc’ also imported from the US and Italy valued at N94.3 billion and N6.69 billion respectively,” the report said.

It said the value of total imports stood at N14.1 trillion in Q4 which represents an increase of 56.0 percent compared with the value recorded in Q3 (N9.04 trillion) and by 163.1 percent compared to the value recorded in Q4 2022 (N5.36 trillion).

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“The increase in import was largely due to the import of ‘tanks and other armoured fighting vehicles, motorised, whet’ worth N5.06 trillion.”

Experts say Singapore being the country’s top import partner is a one-time thing and that China would return as Nigeria’s top importer due to its reliance on Chinese products.

“Insecurity may have influenced this shift. The country importing military equipment from Singapore might have been more cost-effective for them due to ongoing security challenges,” Adeola Adenikinju, president of Nigerian Economic Society, said.

He said China is likely to reclaim its position as Nigeria’s top importer due to its significant manufacturing output.

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“Consumer goods rank highest in terms of raw materials, with many capital goods still originating from China. Therefore, China is expected to return as Nigeria’s primary trading partner for the foreseeable future,” Adenikinju added.

Isreal Odubola, a Lagos-based economist, said the trend is not surprising given that Singapore is another manufacturing giant.

“While we cannot confirm whether Singapore has ‘actually’ overtaken China as Nigeria’s largest import partner, data points for the next two quarters will give a clue,” he added.

BusinessDay reported on Monday that Nigeria’s trade surplus shrank by 99.7 percent last year as imports surged to the highest since the NBS started collating foreign trade data.

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Tension In Edo Community As Gunmen Abduct Catholic Priest, Seminarian

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By Kayode Sanni-Arewa

There’s fear in Iviukhua community, Etsako East Local Government Area of Edo State following the abduction of a Catholic priest and a seminarian by unidentified gunmen.

Rev. Fr. Philip-Mario Ekweli, the Parish Priest of St. Peter’s Apostle Catholic Church, and Bro. Peter Andrew, a seminarian, were reportedly kidnapped Monday night when assailants stormed the church premises.

The attack, which occurred around 10:30 pm, has left residents in a state of fear and anxiety.

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As of Tuesday morning, no group has claimed responsibility of the incident, and there has been no word from the kidnappers regarding their demands.

Reports say local authorities and security forces have launched an investigation and are actively working to secure the release of the victims.

The abduction has ignited widespread concern among the Christian community and beyond, with many decrying the worsening security situation in the community.

According to a source, due to this negative incident, members of the Catholic Diocese of Auchi, to which the parish belongs, have intensified prayers for the safe return of the clergymen, while community leaders have called for urgent intervention by security agencies.

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Contacted, the Edo State Police Public Relations Officer, (PPRO), Moses Yamu said a press statement would be released soon regarding the incident.

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Police clarifies on death of ex-NIS boss, says his body was found in hotel

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By Kayode Sanni-Arewa

hotel after receiving a female.

The police further explained that he did not die in the hands of kidnappers as widely reported by the media.

This was contained in a statement signed by SP Josephine Adeh, spokesperson of the command stating that:

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“In light of the recent reports alleging that retired Comptroller General of the Nigerian Immigration Service, David Shikfu Parradang, was kidnapped and subsequently killed, we wish to clarify the facts surrounding this incident to ensure accurate information is disseminated to the public.

On March 3, 2025, at approximately 12:00 PM, Mr. Parradang arrived at Joy House Hotel, Area 3 Junction, driving a black Mercedes Benz. He checked into the hotel, paying a sum of Twenty two thousand naira (N22,000) for one night’s stay.

Shortly thereafter, he directed the hotel room attendant to escort a female guest who had come to visit to his room.

This lady left the hotel premises around 04:00PM of the same day.

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Mr. Parradang did not exit his room after the lady left. Around 04:00 AM of 04 March 2025, a friend who is a military officer, concerned for his wellbeing, traced him to the hotel.

Upon arrival, the hotel receptionist and the officer proceeded to his room, where Mr. Parradang was found deceased, seated in a chair.

The Durumi Police Station was notified and officers promptly arrived at the scene, secured the area, took photographs, and collected all relevant evidence to preserve the integrity of the crime scene.

The body has been transferred to the National Hospital for necessary procedures, and hotel staff are currently cooperating with Police investigations.

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Effort is in top gear to effect the arrest of the lady.

We urge the public and media outlets to refrain from spreading unverified information, including claims of kidnapping, that may incite fear or panic.

The FCT Police Command is committed to conducting a thorough investigation to uncover the circumstances surrounding Mr. Parradang’s death. We appreciate your cooperation and understanding as we work to ensure justice is served.

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Reps Summon Labour Minister Over Failure To Constitute NSITF Board

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By Gloria Ikibah
The House of Representatives Committee on Public Petitions has invited the Minister of Labour and Employment, Muhammadu Dingyadi to appear before it over his failure to inaugurate the board of Nigerian Social Insurance Trust Fund.
A non governmental organisation known as Obasi-Pherson Help Foundation, had petitioned the the committee with a complaint that President Bola Ahmed Tinubu had appointed the Managing Director of the Fund but was yet to name and inaugurate the board several months after.
“This is a huge aberration as the absence of the board is giving way to a wide range of illegalities in the running of the affairs of agency”, the NGO wrote.
Reacting to the petition, Committee Chairman, Rep. Mike Etaba directed the Minister to appear in person to respond.
“The government is being indicted, so it is only logical that the Minister clears the air on the matter” he said.
The committee also invited the Managing Director of the Nigerian Social Insurance Trust Fund (NSITF), Faleye Mayomi to appear before it on the strength of a petition against the agency for suspected violation of its projects clearance regulations.
The petitioners, Advancement of Social Justice and Economic Development Initiative (ASJEDI), is seeking explanations from the agency on some of its action which they claim are at variance with their mandate.
“Ours is to serve Nigerians efficiently and ensure the right thing is done, always. Inviting the CEO is for him to throw more light on the issues at hand”, Etaba stated..
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