Report Says Nigeria Recorded N1.94trn Trade Deficit In 2021 Nigeria recorded N1.94tn foreign trade deficit in 2021, figures obtained from the National Bureau of Statistics revealed on Tuesday. According to its ‘Foreign trade in goods statistics Q4, 2021 report’, this was an improvement from N7.37tn trade...

Agric Sector Records N1.7rn Trade Deficit In Nine Months   The agricultural sector recorded a trade deficit of N1.7tn between January and September this year, as exports stood at N371.8bn while imports rose to N2.1tn. The latest National Bureau of Statistics’ foreign trade report showed that the...

Nigeria Records N8.9trn Trade Deficit In Nine Months     Nigeria recorded a negative trade balance of N8.9tn, between January and September, 2021, data from the National Bureau of Statistics have shown. Within this period, total foreign trade stood at N35.09tn, comprising N22tn imports and N13.1tn exports, leading...

Nigeria’s Trade Deficit Drops By 61% To $340m   The nation’s trade deficit fell year-on-year (YoY) by 61 per cent to $340 million in July 2021 from $880 million in July 2020. However, receipts from crude oil and gas exports rose by 127 per cent to $3.99...

Trade Deficit Declined To $340m In July – CBN   Nigeria’s trade deficit declined to $340m in July from $2.4bn in June, figures obtained from the Central Bank of Nigeria revealed on Sunday. The apex bank disclosed in its July economic trade performance report that the improvement...

Nigeria Records N1.87trn Trade Deficit Amid Rising Crude Oil Exports     Nigeria recorded a trade deficit of N1.87tn in the second quarter of the year despite recording 111.32 per cent in crude oil exports. However, statistics released by the National Bureau of Statistics in Abuja on Wednesday...