News

BREAKING: Nigeria’s trade surplus hits N6.95tn, import drops – NBS

BREAKING: Nigeria’s trade surplus hits N6.95tn, import drops – NBS

Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024, reflecting the country’s strong export performance amidst a slight decline in overall merchandise trade.

This surplus marks a 6.60% increase from the previous quarter, which recorded a surplus of N6.52 trillion.

READ ALSO:

Nigeria’s total merchandise trade in Q2 2024 stood at N31.89 trillion, representing a 3.76% decline compared to the preceding quarter (Q1 2024) but marking a 150.39% rise from the corresponding period in 2023.

This is according to a report, released by the National Bureau of Statistics (NBS) on Wednesday, which shows a decline in Nigeria’s import.

BREAKING: Nigeria’s trade surplus hits N6.95tn, import drops – NBS

Trends Admin

Recent Posts

“My Son Was on Bail” — Mother Accuses EFCC of Killing 16-Year-Old in Makurdi

“My Son Was on Bail” — Mother Accuses EFCC of Killing 16-Year-Old in Makurdi MAKURDI,…

2 hours ago

IPOB Says FG Cross-Appeal Undermines Kanu’s Conviction, Claims ‘Jurisdiction Is Not a Buffet’

IPOB Says FG Cross-Appeal Undermines Kanu’s Conviction, Claims ‘Jurisdiction Is Not a Buffet’ ABUJA, Nigeria –…

3 hours ago

Former UNILORIN VC Professor AbdulGaniyu Ambali Dies at 68

Former UNILORIN VC Professor AbdulGaniyu Ambali Dies at 68 ILORIN, Nigeria – Professor AbdulGaniyu Ambali, former Vice-Chancellor…

3 hours ago

Oyo Kidnappers Demand Release of Ansaru Terrorist Commanders in Exchange for Schoolchildren

Oyo Kidnappers Demand Release of Ansaru Terrorist Commanders in Exchange for Schoolchildren OYO STATE, Nigeria –…

3 hours ago

Kaduna Woman Sues Husband for Renting Out Her Bedroom Without Permission

Kaduna Woman Sues Husband for Renting Out Her Bedroom Without Permission KADUNA, Nigeria – A middle-aged…

4 hours ago

Nollywood Actress and Abia Gov Candidate Doris Ogala Collapses in Umuahia, Hospitalized at FMC

Nollywood Actress and Abia Gov Candidate Doris Ogala Collapses in Umuahia, Hospitalized at FMC UMUAHIA,…

4 hours ago