RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

China-Nigeria Trade Surges to $15.48 Billion in 2025

Rate Captain by Rate Captain
September 22, 2025
in Economy, Markets
Reading Time: 2 mins read
A A
0
China’s Belt and Road Initiative Raises Questions About Nigeria’s Growing Debt
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Bilateral trade between Nigeria and China climbed to $15.48 billion in the first seven months of 2025, marking a 34.7% increase from the same period in 2024, according to Yan Yuqing, Consul-General of China in Lagos. Speaking at a reception on September 21, 2025, as reported by the News Agency of Nigeria (NAN), Yuqing highlighted Nigeria’s position as China’s second-largest trading partner in Africa.

The growth in trade reflects deepening economic ties, bolstered by the elevation of Nigeria-China relations to a comprehensive strategic partnership during the 2024 Forum on China-Africa Cooperation (FOCAC) summit. This milestone has paved the way for expanded collaboration across multiple sectors, including infrastructure, trade, energy, culture, and education.

AlsoRead

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

Tinubu Administration Secures $11.4 Billion in World Bank Loans Within Three Years

FG Plans Massive N5.8 Trillion Treasury Bills Issuance in Q3 2026

Key Drivers of Trade Growth

Yuqing emphasized that the robust trade figures stem from a commitment to mutual respect and benefit, yielding significant outcomes for both nations. “From January to July 2025, our bilateral trade reached $15.483 billion, with cooperation in infrastructure, investment, energy, and cultural exchanges delivering tangible benefits to our people,” she stated.

China’s economy, which grew by 5.3% in the first half of 2025 despite global economic challenges, has further supported this trade surge. Nigeria, a key recipient of Chinese exports, imported N4.96 trillion worth of goods from China in the second quarter of 2025 alone, more than doubling the value of imports from the United States (N2.16 trillion). Major imports included machinery, refined petroleum products, and telecommunication equipment, underscoring China’s role as Nigeria’s leading supplier of industrial and consumer goods.

Broader Economic and Cultural Impact

Asia, led by China, accounted for 50% of Nigeria’s total imports in Q2 2025, with India, the Netherlands, and the United Arab Emirates also contributing significantly. Manufactured goods from China reached N7.88 trillion, while agricultural imports, primarily wheat from Canada and Russia, totaled N1.18 trillion.

Yuqing praised the Chinese community in Nigeria for fostering local development, cultural exchanges, and charitable initiatives, describing them as vital connectors in strengthening bilateral ties. She also reaffirmed the Consulate’s commitment to supporting the welfare of Chinese nationals in Nigeria and promoting further economic collaboration.

A Historic Partnership

Describing China-Nigeria relations as being at their “best in history,” Yuqing expressed optimism about future growth. The strategic partnership, combined with Nigeria’s position as a key African market, signals significant potential for continued economic and cultural cooperation. As both nations deepen their collaboration, the trade relationship is expected to drive further mutual benefits and regional influence.

Tags: #Nigeria
Previous Post

Foreign Investment in Nigerian Stock Market Soars to N1.3 Trillion

Next Post

Nigeria’s Foreign Exchange Reserves Reach $42.03 Billion, a Six-Year High

Related News

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

by Akpan Edidong
July 6, 2026
0

(petrol) to all licensed marketers, scrapping its previous consortium arrangement. The refinery also announced a fresh reduction in its ex-gantry...

President Tinubu’s Executive Orders Set to Boost Liquidity in Nigeria’s Forex Market

Tinubu Administration Secures $11.4 Billion in World Bank Loans Within Three Years

by Victoria Attah
July 6, 2026
0

The administration of President Bola Tinubu has secured $11.40 billion in loan approvals from the World Bank since taking office...

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG Plans Massive N5.8 Trillion Treasury Bills Issuance in Q3 2026

by Rate Captain
July 3, 2026
0

The Central Bank of Nigeria (CBN) has rolled out an ambitious plan to raise N5.8 trillion through Treasury Bills in...

Dangote Bounces Back, Gains N313.2 Billion in 24 Hours Following Stock Losses

Dangote Refinery Cuts Petrol Price by Another N50 to N1,075 per Litre

by Akpan Edidong
July 3, 2026
0

Dangote Petroleum Refinery has further reduced the ex-gantry price of Premium Motor Spirit (petrol) by N50 per litre, bringing the...

Next Post
Naira appreciates to N740/$ in the parallel market.

Nigeria's Foreign Exchange Reserves Reach $42.03 Billion, a Six-Year High

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

FX Market Turnover Surges to $3.05 Billion, Highest in Three Months

July 8, 2026
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Weakens to N1,410 in Parallel Market as Summer Travel Demand Intensifies

July 8, 2026

Popular Story

  • APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.

    APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.

    0 shares
    Share 0 Tweet 0
  • Naira Maintains Stability Around N1,370 as Reserves Climb

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>