According to data from the Central Bank of Nigeria, the value of Nigeria’s international trade deficit rose by 175.13 percent from $152.94 million in January 2022 to $420.79 million in March 2022. The International Trade Summary on the CBN’Read More
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The Central Bank of Nigeria said in its economic report the Federal Government recorded a fiscal deficit of N405.28bn in August with aggregate expenditure of N781.61bn while retained revenue stood at N376.33bn. Read More
Nigeria recorded a trade deficit of N3.023 trillion with her trading partners worldwide in the third quarter of 2021, Q3’2021. This is coming even as total merchandise trade stood at N13.284 trillion during the period. The Read More
The Central Bank of Nigeria has disclosed in its Monthly Economic Report for July 2021 that the nation’s trade deficit fell year-on-year by 61 per cent to $340 million in July 2021 from $880 million in July 2020. However, Read More
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 Read More
Nigeria’s total foreign trade for 2020 dropped by 10.32 percent – a 32.42 trillion naira according to a report by the National Bureau of Statistics. During this period, Nigeria’s export stood at 12.52 trillion naira while imports amounte Read More
The Biden’s administration has recorded a commendable win as new reports details the record-breaking rise in goods importation in January that pushed the trade deficit 1.9 percent higher despite Covid-19. The gap between imported goods Read More
