Tags : Trade

Nigeria Records N1.8 trn Trade Deficit In Q2’21

The National Bureau of Statistics has said that Nigeria recorded a trade deficit of N1.8 trillion in the second quarter of the year. This is coming despite the foreign trade rose by 23 percent to N12 trillion from N9.8 trillion in Q1’21. The bureau disclosed this in its Foreign Trade in Goods Statistics Report for […]Read More

Capital Importation Falls To $875.62m In Q2

The National Bureau of Statistics has said that the total value of capital importation into Nigeria declined to $875.62 million in the second quarter of 2021 from $1.91 billion in the first quarter of 2021. It disclosed this in its report titled, ‘Nigerian capital importation (Q1 & Q2 2021)’. The bureau stated that this represented […]Read More

Foreign Investors’ Interest Declines By 27.5%

Nigeria received about $8.4bn investment announcements as of 4th March 2021, out of which $5.46bn were pledged by foreign investors.  This was according to the Nigerian Investment Promotion Commission, in its ‘report of investment announcements in Nigeria (January – March 2021). NIPC noted that the remaining $2.08bn was promised by domestic investors. The sum pledged […]Read More

Q1: All Commodity Terms Of Trade Falls By 51%

In the latest Commodity Price Indices released by the National Bureau of Statistics, the All commodity Terms of Trade Index fell by 0.51 percent from January to March 2021. NBS released the first quarter of 2021, the report stated that the all commodity group import index increased by  0.82 percent between January and March 2021. […]Read More