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Genk braced for Arokodare exit as Super Eagle striker's market value hits record high
Tolu Arokodare

Racing Genk are bracing for a transformative summer transfer window, with Tolu Arokodare likely to depart.

The 24-year-old forward, who has been a cornerstone of Genk’s attack, is attracting significant interest from top European clubs, signaling a potential big-money move.

Arokodare’s stellar 2024–25 season has seen his market value surge to a career-high €18 million, up from €13 million, according to Transfermarkt.

The striker scored 23 goals and provided seven assists in 45 appearances, clinching the Jupiler Pro League’s top scorer title and the prestigious Ebony Shoe award for the best African player in Belgium.

His impressive form has attracted interest from clubs across England, Germany, Italy, and Portugal, with the likes of Benfica, Beşiktaş, Borussia Dortmund, and Bayern Munich reportedly among the suitors.

Genk's sporting director, Dimitri De Condé, has indicated a '99% chance' of Arokodare leaving, citing intense interest from intermediaries.

Club president Peter Croonen emphasized that any transfer fee must exceed the €18 million received for former striker Paul Onuachu, emphasizing Arokodare’s elevated value.

Despite Genk’s financial stability, secured by a record-breaking squad market value, the club is open to capitalizing on their star’s rising stock.

According to Voetbalkrant, the Limburgers’ squad valuation has soared, driven by Arokodare and young midfielder Konstantinos Karetsas, whose market value jumped from €13 million to €20 million.

While Arokodare’s potential exit poses challenges for manager Thorsten Fink, who relies on the striker’s physical presence and clinical finishing, Genk’s robust youth pipeline and strategic recruitment are poised to mitigate the loss. 
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Interesting Facts
June 12 Tinubu Fails To Reinstate Fubara As Rivers State Governor End Emergency Rule
President Bola Ahmed Tinubu has failed to announce the reinstatement of Governor Siminalayi Fubara as the Governor of Rivers StateNaija News reports that many had called on the president to use the occasion of his Democracy Day speech to announce Fubara’s reinstatement.While he granted pardon to Ken Saro-Wiwa alongside others and conferred national honours on distinguished Nigerians, President Tinubu failed to reverse the State of Emergency in Rivers State.Tinubu had, on March 18, declared a state of emergency in Rivers State and announced a six-month suspension of Fubara from office. Also suspended was Rivers State Deputy Governor, Ngozi Odu and the State House of Assembly.Reports had emerged claiming that former President, Goodluck Jonathan, was reportedly leading behind-the-scenes efforts to secure the reinstatement of Fubara before the upcoming June 12 Democracy Day celebration.According to sources who spoke with Vanguard, Jonathan held at least one private telephone conversation with President Bola Tinubu, appealing for Fubara’s reinstatement in the spirit of national reconciliation and democratic principles.“That is besides the concern expressed by two other former presidents,” a source familiar with the development revealed.Sources close to the situation say that two recent visits by Fubara to the Presidential Villa were facilitated by key political actors, including Jonathan, who are believed to be working to reverse the controversial suspension.“By the president’s body language, the governor may be returned sooner than the six months earlier announced by the president,” the source added.Also, the Ijaw Youth Council (IYC) Worldwide urged Tinubu to restore the suspended Governor of Rivers State and all embattled lawmakers in the state.In a press release issued on Tuesday in Abuja, the President of the Council, Dr. Theophilus Alaye, urged President Tinubu to reaffirm his commitment to democratic principles by lifting the State of Emergency currently in place in Rivers State and reinstating constitutional democracy.Alaye emphasised that Tinubu, being a significant beneficiary of the nation’s democratic progress, should take this opportunity on June 12 to restore Governor Fubara, along with all elected representatives in the state.On his part, a former Deputy National Chairman of the Peoples Democratic Party (PDP), Bode George, appealed to Tinubu to forgive suspended Fubara, in the spirit of the June 12 anniversary.In an open letter on Wednesday to commemorate the 32nd anniversary of the June 12, 1993, election, Bode George appealled to Tinubu to reinstate Fubara.George noted that Tinubu was at the forefront of those who fought the military, seeking a return to civilian rule and aspiring for top political positions in LagosThe PDP chieftain said Tinubu should listen and honour his appeal in memory of all those who died in the journey to the country’s democracy.He said, “If Tinubu could forgive Gov. Babajide Sanwo-Olu of Lagos State, then he should extend same gesture to Fubara.“On June 12, we will be celebrating Democracy Day. This is a reminder of the true meaning of democracy – the will of the people.“Since Tinubu has forgiven Sanwo-Olu, then it makes a lot of sense, spiritually, to also forgive Fubara and let him return to office. I am talking as an elder.“He later joined NADECO to fight for democracy. Some of those who fought alongside him for democracy have died. It is not of his making that he is alive today.“So, he should thank God, honour the memory of those who fought alongside him for democracy and return Fubara to office immediately.” 
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Nigeria Politics
President Bola Ahmed Tinubu has addressed Nigerians at the National Assembly to mark the June 12 Democracy Day
President Bola Ahmed Tinubu has addressed Nigerians at the National Assembly to mark the June 12 Democracy Day.Read full speech below:Promoted ContentAncient Rome: Stunningly Preserved Bronze Statues Found In ToledoBrainberriesWhat Happened To 8 Child Actors Who Vanished From The SpotlightBrainberriesCan New ‘Ninja’ COVID Variant Send Us All Back Into Lockdowns?BrainberriesADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR AT THE JOINT SESSION OF THE NATIONAL ASSEMBLY IN COMMEMORATION OFDEMOCRACY DAY, 2025Protocol:With profound honour, I stand before this joint session of our National Assembly; a parliament that embodies the will of the Nigerian people.2. Today, as I entered this grand edifice built from the sweat and toil of our democratic yearning, my heart stirred. It was a blend of accomplishment and resolve.3. I felt a sense of collective accomplishment when I realised how far we had come as a nation. Since 1999, democracy has risen from the ashes and destitution of military rule to take its rightful place as the only mode of governance of our resilient and beloved people.4. With every footstep I took through these hallowed halls up to the moment I now stand before you, I remembered that we still have much further to go.5. To achieve this progress, we sought an elective office to lead this nation forward. Thus, I hereby affirm before our Merciful and Almighty God and all men my resolve to do all that I can to safeguard and build ourdemocracy as the Divine hand intends for us to do.6. Since 2018, we have celebrated Democracy Day on this day; to commemorate the sacrifices of the men and women who fought to restoredemocratic governance to Nigeria.7. Let me pay tribute to former President Muhammadu Buhari for reaching back into history to rectify a national misdeed by making June 12 Democracy Day and by officially acknowledging Chief Moshood Kashimawo Olawale Abiola and his running mate, Babagana Kingibe, as the victors andthus duly elected President and Vice President respectively of Nigeria afterthe June 12, 1993 elections.8. Year by year, election after election, every time we debate instead of battle, discuss instead of fight, and argue instead of destroy, we preserve the institutions of democracy. More importantly, we weave the culture of democracy into the very fabric of our nation.9. Whilst Chief MKO Abiola is June 12’s central figure, we must not forget the long list of those who equally deserve to be called heroes of Nigerian democracy.10. We must celebrate the courage of Alhaja Kudirat Abiola and Pa Alfred Rewane, both of whom were murdered by agents of military repression. We also remember the many civil rights activists, journalists, and politicians imprisoned, exiled, tossed aside, tortured and beaten by the military regime.11. We remember Chief Anthony Enahoro, Commodore Dan Suleiman, Chief Abraham Adesanya, Ayo Adebanjo, Chief Gani Fawehinmi, Balarabe Musa, Ganiyu Dawodu, the journalist Bagauda Kaltho, and Commodore Ndubuisi Kanu. I mention these names not to exclude or degrade the profound contributions of anyone else, but to illustrate, through these few heroes, the universality of our pursuit of democracy.12. The struggle was never the province of any one group or section of the country, it was pan-Nigerian in its conception and will be even more pan-Nigerian as we strive to perfect it.13. It is fitting that I come to this chamber. You are the authors of the people’s law, and I must be their faithful implementer. While we may not always agree, we must forge a way to work together because this is whatdemocracy demands of us. I pledge myself to this cooperation and ask that you do the same for the good of our people.14. Mr. Chairman, the National Assembly has acted to uphold democratic ideals at every critical moment in our national history. In 2006, the 5th National Assembly protected our democracy against an unseemly third-term bid that would have ripped our constitution apart. In 2010, the National Assembly, through the doctrine of necessity, opened the door for then-VicePresident Goodluck Jonathan to become the acting President following the illness of his predecessor.15. Even under the military, the National Assembly tried to protect our democracy. After General Abacha took over power on November 17, 1993, and dissolved the National Assembly, some of us, led by Senator Ameh Ebute, the Senate President in the 3rd Republic, defied the General and hisgoons to reconvene in the Old Parliament Building in Lagos. We were jailedfor our defiance.16. On behalf of a grateful nation, I commend your invaluable role inlawmaking, oversight, and constituency representation.17. At this point, I plead for your indulgence so that I may put a terrible rumour to bed.18. To those who ring the alarm that the APC is intent on a one-party state, I offer you a most personal promise. While your alarm may be as a result of your panic, it rings in error. At no time in the past, nor any instance in the present, and at no future juncture shall I view the notion of a one-party state as good for Nigeria. I have never attempted to alter any political partyregistration with INEC. Equally, my friends, we cannot blame anybody seeking to bail out of a sinking ship even without a life jacket.19. Look at my political history. I would be the last person to advocate such a scheme. In 2003, when the then-governing party tried to sweep the nation clean of political opposition through plot and manipulation, I was the last of the progressive governors standing in my region.20. In all their numbers and false grandeur, they boasted of ruling, not governing, Nigeria for the next half century or more. Where are they now?21. Yet, I stood alone. My allies had been induced into defeat. My adversaries held all the cards that mortal man could carry. Even with all of that, they could not control our national destiny because fate is written from above. A greater power did not want Nigeria to become a one-party state back then. Nigeria will not become such a state now.22. The failed effort to create a one-party state placed progressive political forces on a trajectory to form the APC. It put me on the trajectory which has brought me before you today. I dare not do such a favour to any political adversary by repeating the same mistake of political overreach.23. A one-party state is not in the offing. Nor should it ever be. That said, we would be guilty of political malpractice if we closed the door on those from other parties who now seek to join the APC and I sincerely welcome our party’s newest members from Delta and Akwa Ibom States led by Governor Sheriff Oborevwori and Pastor Umo Eno and other members of this National Assembly.24. Political parties fearful of members leaving may be better served by examining their internal processes and affairs rather than fearfully conjuring up demons that do not exist. For me, I would say try your best to put your house in order. I will not help you do so. It is, indeed, a pleasure to witnessyou in such disarray.25. We must welcome and accept the diversity and number of political parties just as we welcome and embrace the diversity of our population. Our efforts must never be to eliminate political competition but to make that competition salutary to the national well-being by working across the politicalaisle whenever possible.26. One area in which democracy calls us to work together, whether in the legislative or executive branch, whether in this or other political parties, is that of economic and social development.27. Upon assuming office, my team and I moved to reform our ailing economy. We introduced fundamental reforms to correct structural imbalances that prevented maximum growth.28. We are already seeing results. GDP grew by 3.4 per cent in 2024, with Q4 hitting 4.6 per cent, the highest quarter of growth in over a decade. Inflation is easing gradually, steadying the price of food staples like rice and beans. Our net foreign reserves have increased fivefold, and the Naira exchange rate has stabilised. Our balance of payments position is positive; our sovereign credit rating is improving as we continue to promote oil and non-oil exports. States now do not need to go about borrowing to paysalaries.29. In less than one year, over one hundred thousand Nigerians, including thirty-five thousand civil servants, have benefited from affordable consumer credit through the Nigerian Consumer Credit Corporation (CREDICORP), enabling them to purchase vehicles, light up and improve their homes and purchase life essentials. This July, we will launch a bold new initiative to empower four hundred thousand young Nigerians, including youth corpers, with consumer credit.30. We are committed to giving more opportunities to young people through job creation and skills development. Through such programs as NELFUND, we are investing in education, vocational training, apprenticeships, and internships to ensure our youth are job-ready and future-ready.31. In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity. This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionize how businesses operate, how students learn, and how communities stay connected. By extending this critical infrastructure, we are empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalized world.32. Our “Nigeria First” policy will further enhance progress as we consolidate market-driven growth. The improved economic performance is encouraging and validates the soundness of our policy measures. Our medium-term growth target remains an economy growing at a 7 per cent clip with a stronger manufacturing base. We must learn to produce and grow most of our food and we are on the path to achieving food sovereignty.33. These and other reforms have placed the economy on a more rational footing where critical decisions regarding large-scale investment can now be made.34. I ask you, the legislature, to join me as we enter the second half of our term to put forth innovative legislation that further encourages industrial development and job creation in our urban centres while also drafting laws that improve food security and production.35. To further underpin our economic vision, we introduced a comprehensive Tax Reform Package, a vital component of our economic re- engineering. I am deeply grateful to both chambers for your thorough consideration and deliberation of these bills, and I look forward to signing them into law soon.36. Again, your collaboration across party lines on these bills has been a model of democratic partnership.37. As elected leaders, we must continue to do more to make real the dream of Nigeria’s political and economic democracy.38. We must be vigilant in expanding the political space. We must always value dialogue over dictatorship, persuasion over suppression and rights over might. Be tolerant and broad-minded in your legislative action regarding speech and civil liberties.39. Do not be afraid to hear an unkind word spoken against you. Some of the best advice a politician gets sometimes comes from his most ferocious opponents. We dare not seek silence because the imposed silence of repressed voices breeds chaos and ill will, not the harmonics of democracy in the long term.40. While malicious slander and libel should not go unattended, no one should bear the brunt of injustice for merely writing a bad report about me or calling me names. Democracy requires a fair degree of tolerance for harsh words and stinging insults. Call me names, call me whatever you will, and I will still call upon democracy to defend your right to do so. Mr. Senate President, Mr. Speaker, Distinguished Senators and Honourable Members.41. Our nation is not perfect, but it is strong. Our democracy is not invincible, but it is alive. And this means our dream of a prosperous, happy nation is still within reach and worth fighting for.42. Mr. Chairman, Nigeria is at an inflexion point, undergoing structural and fundamental change toward a secure future.43. Our administration is fully committed to boosting the economy’s productive base. Through investment in critical infrastructure, roads, expansion of port operations, rail, and power we are creating a new environment in which industry and manufacturing can thrive. Our tax and fiscal policy reforms will streamline tax administration and eliminate burdensome and multiple taxes enabling our industrialists and entrepreneurs to operate in a more conducive environment.The World's Most Unique Families - You've Never Seen This BeforeBrainberries44. Governance must work and deliver value to the people. As part of our tax reforms, we have provided small businesses with an exemption and established the Office of the Tax Ombudsman to ensure transparency and protect taxpayer rights. Digital tools now help us track performance and reduce waste. The Diaspora Bond and Non-Resident BVN are bringing Nigerians abroad into the national development fold.45. In line with my promise during my New Year address to the nation, I recently appointed the board of directors of the newly established National Credit Guarantee Company. The company backed with 100 billion naira in initial capital; with BOI, which, by the way, is performing very well in supporting SMEs, NSIA, CreditCorp, and MOFI as stakeholders, will play a significant role in transforming the nation’s industrial landscape and reducing corruption.46. National Security is the foundation of peace and progress. We have intensified security operations to reclaim communities from criminals and terrorists. We are better at coordinating intelligence, and inter-agency cooperation has improved. Our highways are safer, and we invest in technology and training to secure every inch of this country.47. Let us take this opportunity to thank the men and women of our Armed Forces for their bravery in service of the nation. Their selfless dedication to protecting our sovereignty and ensuring the safety of citizens should serve as an inspiration to us all. As we celebrate the progress of our democracy, we must not forget the pivotal role they play in safeguarding our freedoms. For their courage and commitment, they deserve not only our gratitude but also our continued support, prayers and recognition.48. Fellow compatriots, our achievements are not the work of one man. They are the result of a collective effort to make possible the Nigerian Dream. Yet, the journey is not over. We must work even harder to translate broad macroeconomic gains into tangible improvements in the lives of ordinary Nigerians. We must stay the course, reject cynicism, and believe Nigeria can and will rise again.49. As we mark a twenty-sixth year of unbroken democracy, it is right to honour those who have made sacrifices in the past, braving all the odds and the guns to ensure we have a regime of democracy in our country.50. In this light, I announce the conferment of the posthumous national honour of CFR on Kudirat Abiola, the heroine of the June 12 struggle.51. I also confer posthumous national honours on Shehu Musa Yar’Adua (GCFR), Prof. Humphrey Nwosu (CON), Rear Admiral Ndubuisi Kanu (CON), Alhaji Balarabe Musa (CFR), Pa. Alfred Rewani (CFR), Bagauda Kaltho (OON), Chima Ubani (OON), Dr. Beko Ransome-Kuti (CON), Alao Aka Bashorun (CON), Chief Frank Kokori (CON), Emma Ezeazu (OON), Bamidele Aturu (OON), Fredrick Fasehun (CON), Professor Festus Iyayi (CON), Dr John Yima Sen (OON), Alhaja Sawaba Gambo (CON), Dr. Edwin Madunagu (CON), Dr. Alex Ibru (CON), Chief Bola Ige (CFR), Pa. Reuben Fasoranti (CFR), Sen. Ayo Fasanmi (CON), Sen. Polycarp Nwite (CON) and Dr. Nurudeen Olowopopo (CON).52. I also confer national honours on Prof. Wole Soyinka (GCON), Prof. Olatunji Dare (CON), the journalist and journalism teacher; Kunle Ajibade (OON); Nosa Igiebor (OON), Dapo Olorunyomi (OON), Bayo Onanuga (CON), Ayo Obe (OON), Dare Babarinsa (CON), Bishop Matthew Hassan Kukah (CON), Senator Shehu Sani (CON), Governor Uba Sani (CON), Barrister Femi Falana, SAN (CON), Prof. Shafideen Amuwo (CON), Barrister Luke Aghanenu (OON), Senator Tokunbo Afikuyomi (CON), Hon. Labaran Maku (OON), Dr. Tunji Alausa (CON), Mr Nick Dazang (OON), Hon Abdul Oroh (OON), Odia Ofeimun (CON), Seye Kehinde (OON), Barrister Felix Morka (CON) Barrister Ledum Mitee (CON), Hon. Olawale Osun (CON), Dr. Amos Akingba (CON), Prof. Segun Gbadegesin (CON), Mobolaji Akinyemi (CFR), Dr. Kayode Shonoiki (CON), Prof. Julius Ihonvbere (CON), Prof. Bayo Williams (CON), Sen. Abu Ibrahim (CFR), and Sen. Ame Ebute (CFR).53. Additionally, I confer the national honour of CON on Uncle Sam Amuka Pemu, a legendary journalist and publisher who remains true to his lifetime calling as he marks his 90th birthday tomorrow, June 13.54. Furthermore, I also confer posthumous national honours on Ken Saro Wiwa (CON), the leader of the Ogoni Nine and his fellow travellers, Saturday Dobee (OON), Nordu Eawo (OON), Daniel Gbooko (OON), Paul Levera (OON), Felix Nuate (OON), Baribor Bera (OON), Barinem Kiobel (OON), and John Kpuine (OON). I shall also be exercising my powers under the prerogative of mercy to grant these national heroes a full pardon, together with others whose names shall be announced later in conjunction with the National Council of State.55. Finally, it is my great privilege to now decorate the presiding officers of the National Assembly with the National Honours earlier conferred upon them last year:Presiding National Assembly OfficersSenator Godswill Obot Akpabio, GCON – SENATE PRESIDENTRt. Hon. Abbas Tajudeen, PhD, GCON – SpeakerSenator Jibrin Ibrahim Barau, CFR – DEPUTY SENATE PRESIDENTRt. Hon. Benjamin Okezie Kalu, CFR – Deputy Speaker56. In conclusion, let us rededicate ourselves to the ideals of June 12; freedom, transparent and accountable government, social justice, active citizen participation, and a just society where no one is oppressed.57. Happy Democracy Day, and may God continue to bless the Federal Republic of Nigeria and protect our troops.
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Daily Pill
Democracy Day Saraki blasts NASS members over lack of effectiveness
A former Senate President,  on Thursday, June 12, said that the National Assembly is gradually becoming a shadow of itself.Saraki stated that the National Assembly seems to have lost the vibrancy and the effectiveness every parliament is expected to have.BrainberriesActual Presidents Appeared On The Screens Selling Us SomethingIn a statement released in commemoration of Nigeria’s 26th Democratic Day celebration, Saraki said there is a need to ensure the parliament as an institution becomes stronger and more efficient.He further stated that the National Assembly has continued to drift backwards despite the sacrifices made by previous leaders.While noting that the sad development is not the fault of the legislature and its leadership alone, Saraki said the judiciary and the executive have consistently played key roles in undermining and weakening the National Assembly.He also said that over time, the National Assembly and its leadership have misunderstood its oversight role.Saraki appealed to the serving lawmakers to commit to making the institution a strong and vibrant one devoid of partisan or personal interest.“One of the tenets of democracy is the multiplicity of opinions, freely expressed. If the National Assembly is made helpless and hopeless to the extent that the people cannot find succour there, then they will be left with no option but to run to the streets. And this is dangerous for our democracy,” Saraki stated.
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African Economy
Top ten of Nigeria s trading partners by import value in Q1 2025
China and India again emerged as Nigeria’s largest sources of imports in the first quarter of 2025, showing a significant concentration of imports from a handful of global economies.The National Bureau of Statistics (NBS) data reveals the leading countries of origin for goods and services imported into Nigeria during this period.The figures represent the percentage share of Nigeria’s total imports from around the world. The value of total imports stood at N15.43 trillion in the first quarter of 2025, representing a rise of 4.59% from the value recorded in the corresponding quarter of 2024 (N14.75 trillion) and a decrease by 7.02% compared to the value recorded in Q4, 2024 (N16.59 trillion), NBS data shows.The data also shows that Nigeria’s total exports rose to N20.598 trillion in the first quarter (Q1) of 2025, representing a 7.42% increase compared to N19.176 trillion in the corresponding quarter of 2024, and a 2.92% rise from N20.01 trillion recorded in Q4 2024.Here is a ranking of the top 10 Nigeria’s trading partners in terms of imports (Q1 2025):10. United KingdomAt number 10 is the United Kingdom. According to data from the NBS, Nigeria imported goods worth N283.89 billion from the UK in the first quarter of 2025, accounting for 1.84% of the country’s total imports.Once Nigeria’s colonial trading partner, the UK remains a key player in trade, primarily exporting pharmaceuticals, machinery, and educational resources.9. SpainRanked at number 9 is Spain, from which Nigeria imported goods and services worth N381.21 billion. According to data from the NBS, this accounts for 2.47% of Nigeria’s total imports. Spain’s exports to Nigeria include industrial equipment, food products, and petroleum-related goods.8. BelgiumAccording to NBS data, Belgium exported goods worth N415.25 billion to Nigeria in Q1 2025, representing 2.69% of the country’s total imports. Belgium’s major exports to Nigeria include pharmaceuticals, chemicals, and mechanical appliances.7. Saudi ArabiaSaudi Arabia ranks as Nigeria’s seventh-largest trading partner, with imports valued at N515.12 billion. According to NBS data, this accounts for 3.34% of Nigeria’s total imports for the quarter.Crude oil derivatives and petrochemical products dominate imports from Saudi Arabia.6. BrazilBrazil holds the sixth position among Nigeria’s top trading partners, exporting goods and services worth N562.16 billion to Nigeria in Q1 2025.According to NBS data, this represents 3.64% of Nigeria’s total imports during the period. Brazil’s exports, mainly agricultural commodities, sugar, and machinery, are strengthening its trade ties with Nigeria within Latin America.5. United Arab EmiratesAt the 5th position is the United Arab Emirates, which exported N617.18 billion worth of goods and services to Nigeria. This, according to the NBS, represents 4% of Nigeria’s total imports.The UAE continues to be a major hub for re-exported goods into Nigeria, especially gold and luxury items.4. NetherlandsNetherlands retains its Number 4 spot from Q4 2024 as Nigeria’s fourth-largest trading partner in Q1 2025.The country’s total import value stood at N809.83 billion according to data from NBS. The country’s share of total imports was 5.25%.The Netherlands leads among European suppliers, with imports primarily in refined petroleum, food products, and industrial equipment.3. United StatesThe United States retained its position as Nigeria’s 3rd largest trading partner in Q1 2025, the same position as the preceding quarter.Its total import value stood at N1.42 trillion, down from N4.07 trillion in Q4 2024. The US share of total imports was at 9.22%.The U.S. remains a key trade partner, supplying Nigeria with technology, agricultural products, and machinery.2. IndiaIndia also retained its position as Nigeria’s second-largest trading partner in Q1 2025. India’s total import value stood at N1.72 trillion, down from N6.17 trillion. India stands firm as the second-largest trading partner, exporting pharmaceuticals, refined petroleum, and industrial products to Nigeria.1. China In the Number 1 spot is China, according to the NBS Q1 2025 data. The Chinese exported N4.66 trillion to Nigeria during the period.The data shows that this is down from N14.14 trillion the country did in Q4 2024. Its current Share of Total Imports stood at 30.19%.China continues to be Nigeria’s largest source of imports, contributing nearly one-third of the country’s total imports. This reflects Nigeria’s sustained dependence on Chinese-manufactured goods, electronics, machinery, and infrastructure-related products.An emerging trend from the Q1 2025 trade data suggests that Nigeria’s further tilt towards Eastern markets, particularly China and India, in its trade relations.The data further shows that while the United States and European nations remain key trade allies, their share of Nigeria’s imports appears to be shrinking in comparison to China and India.
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African Economy
Nigeria s petrol import bill crashes by 54 in Q1 2025 as Dangote boosts local supply
Petrol import in Nigeria drops by 3.58 billion litres after ‘subsidy removal’ Nigeria’s petrol import bill fell sharply in the first quarter of 2025, dropping to N1.76 trillion from N3.81 trillion recorded in the corresponding period of 2024.This represents a 54% year-on-year decline, according to the latest foreign trade statistics report from the National Bureau of Statistics (NBS).The drop also marks a 47% reduction from Q4 2024, when the country spent N3.3 trillion on petrol imports. The decline is largely attributed to increased domestic supply from the Dangote Refinery, which has continued to scale up operations.Import trend reverses after years of steady growth A five-year review of first-quarter petrol import figures shows that Nigeria had been on a steady upward trajectory until 2024. The country imported N732 billion worth of petrol in Q1 2020, rising to N1.29 trillion in Q1 2021, and doubling again to N2.69 trillion in Q1 2022. There was a moderate decline to N2.03 trillion in Q1 2023 before the value surged to an all-time high of N3.81 trillion in Q1 2024.With the Q1 2025 import bill dropping to N1.76 trillion, Nigeria’s petrol import value has now returned to pre-2022 levels, suggesting that domestic refining is beginning to displace foreign supply in a meaningful way.The NBS data signals a structural shift in Nigeria’s petroleum trade, following decades of dependence on imported refined products due to the collapse of state-owned refineries.Petrol accounts for 44.51% of Nigeria’s imports from the ECOWAS region The report further shows that petrol was Nigeria’s most imported product from ECOWAS countries in the first quarter of 2025, accounting for N89.18 billion or 44.51% of total imports from the subregion.News continues after this adThe figure highlights the continued importance of regional trade routes in meeting domestic fuel demand, despite Nigeria’s ongoing efforts to boost local refining through facilities such as the Dangote Refinery.Within the broader West African region, petrol imports made up 41.86% of Nigeria’s trade inflow, while it contributed 11.63% of total imports from the entire African continent.This dominance by petrol shows the lingering supply gaps in Nigeria’s downstream petroleum sector.While local refining is gaining momentum, it has yet to fully replace the need for imported refined products.Other major imports from the ECOWAS region during the period included gas oil at N23.15 billion (11.55%) and petroleum bitumen at N20.58 billion (10.27%), indicating that petroleum-based products continue to shape Nigeria’s import profile from the subregion.Petrol was also listed among the top five most imported commodities nationwide in Q1 2025, alongside gas oil, crude petroleum oils, cane sugar for refineries, and durum wheat.What you should know The decline in petrol imports aligns with the growing influence of the Dangote Petroleum Refinery. With an installed capacity of 650,000 barrels per day, the refinery is already supplying a significant portion of Nigeria’s petrol demand, although it is still operating below full capacity.The refinery, which is currently producing about 85 per cent of its 650,000 barrels per day capacity, has helped to reduce the volume of imported refined petrol substantially.This has introduced greater competition in the downstream market, with retail prices in Lagos dropping to as low as N860 per litre in early 2025.However, the refinery’s operations have faced early challenges. In March 2025, Dangote Industries halted local currency sales due to foreign exchange constraints, as it relies on dollar-denominated crude inputs but receives naira in return for local sales.However, the government has intervened to resolve the issues around the naira-for-crude deal. The facility continues to play a key role in narrowing the import gap.
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football
What I ve heard Expert claims Galatasaray will move for Jackson if Osimhen joins Chelsea
Galatasaray are prepared to make a significant move in the transfer market, with Chelsea’s Nicolas Jackson emerging as a key target should Napoli’s Victor Osimhen secure a move to the Blues. Turkish football exert Serdar Ali Çelikler, speaking on the Neo Spor YouTube channel via habersarikirmizi.com, revealed the Turkish club’s strategic plans."They are also waiting for Osimhen. I think they will wait until August. Osimhen is not in a hurry and is waiting for a move from England,” Çelikler stated, outlining Galatasaray’s patient approach. Osimhen, widely regarded as one of Europe’s top strikers, is reportedly holding out for a transfer to England, with Chelsea among the frontrunners. Should this deal materialize, Galatasaray are ready to capitalize.Çelikler emphasized: "If Chelsea takes Osimhen, Galatasaray will enter for Nicolas Jackson." The Senegalese forward, who played a key role in Chelsea’s UEFA Conference League triumph, has caught the attention of Galatasaray’s management."What I have heard is that if Chelsea gets Osimhen, Galatasaray will also get Nicolas Jackson from Chelsea. "I am saying this now. He is a player I like very much. He had a good season this year,” Çelikler added, underscoring Jackson's appeal as a goal-scorer.As a contingency, Galatasaray has identified Brazilian striker Romulo as a ‘serious candidate’ should the Jackson deal falter. This dual approach highlights the club’s determination to strengthen their attacking line for the 2025/26 season, aiming to maintain their dominance in the Turkish Süper Lig and compete in European competitions.
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football
The chosen eight Nigerians in contention to debut at Club World Cup headlined by Tosin
The 32 participating clubs have submitted their squad lists for the Fifa Club World Cup, with eight Nigeria-eligible players in contention to make their debuts in the tournament, which kicks off on Saturday, June 14.Players representing 81 countries will feature in the most inclusive global club tournament ever, with Brazil (141), Argentina (103) and Spain (54) contributing the most players. Clubs taking part in the new competition were permitted to submit an initial squad of 26 to 35 players, with many strengthening their rosters during the special transfer window held from 1 to 10 June.Chelsea have included Tosin Adarabioyo — a player attracting interest from both the Nigeria Football Federation and Super Eagles boss Eric Chelle — in their squad travelling to the United States on Friday.The experienced centre-back is joined on the roster by teenage winger Tyrique George.Former Flying Eagles star Haliru Sarki, midfielder Joshua Udoh and goalkeeper Hassan Muhammed have been named in Al Ain's squad. The United Arab Emirates side will take on Manchester City, Wydad and Juventus in the group stage of the Club World Cup.Sarki has been assigned the number 77 shirt, while Udoh and Muhammed have been allocated 80 and 35 respectively.Super Eagles left-back Zaidu Sanusi was among the 28 players in the Porto delegation that left for the United States on Tuesday, where the Dragons will face Palmeiras, Inter Miami and Al-Ahly. Chelsea loanee Carney Chukwuemeka has been named in Borussia Dortmund's travelling squad amid speculation surrounding his future at the Bundesliga powerhouse. Former Nigeria U20 international Onuche Ogbelu has been included in the Esperance squad. 
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Daily Pill
Don t celebrate June 12 without honouring Humphrey Nwosu Igbo group tells Tinubu s govt
The Ndi-Igbo Intellectual and Cultural Development Organization (NIDO), a pro-Igbo advocacy group, has called on the Federal Government to correct what it describes as a glaring injustice by honouring the late Professor Humphrey Nwosu.The late Nwosu conducted Nigeria’s widely acclaimed June 12, 1993, presidential election.In a statement signed by its Director of Communications and Information, Dr. Christian Afulike, the group said it was unacceptable for the Nigerian government to continue celebrating June 12 as Democracy Day without duly recognising the patriotic role played by Prof. Nwosu, who was then the National Electoral Commission (NEC) Chairman.NIDO argued that while the federal government rightly honoured Chief Moshood Kashimawo Olawale (MKO) Abiola, the presumed winner of the election, ignoring the man who midwifed the process amounts to double standards and undermines the legacy of Nigeria’s most credible electoral exercise.“It reeks of double standards to celebrate the election and its presumed winner, while deliberately ignoring the brain behind the transparent and historic process,” the statement read.The group called on President Bola Ahmed Tinubu to urgently immortalise Prof. Nwosu by naming a befitting national democratic edifice after him.It also urged the Anambra State Government, his home state, to take similar steps in honouring their illustrious son.“Without Prof. Humphrey Nwosu’s courage and commitment to transparency, there would have been no credible June 12 to celebrate. To ignore him is to deny history and discourage electoral integrity,” NIDO said.NIDO also noted that the failure of successive governments to recognise Nwosu may partly explain the downward spiral in Nigeria’s electoral credibility since 1993.The group further criticised what it called Nigeria’s pattern of glorifying mediocrity while ignoring individuals who exemplify integrity, patriotism, and national service.“The celebration of June 12, declared Democracy Day by President Muhammadu Buhari, was a move to acknowledge the sacrifices of MKO Abiola and other democracy heroes. But it is incomplete and unjust without recognising Prof. Nwosu,” the statement added.NIDO’s appeal comes as Nigeria marks another Democracy Day amid growing concerns about the state of governance and electoral trust.“We urge President Tinubu and the federal government to right this historical wrong. Immortalising Prof. Nwosu will inspire today’s electoral umpires to uphold the same courage and credibility he displayed,” the statement concluded.
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