Why Nigeria’s record trade surplus is a justification for a weaker naira
Advocates of weaker currencies, love to sing the praises of a floundering local currency.
Tag: foreign trade
Nigeria’s earnings from crude oil export rise by 50.2% to N15.4 trillion in Q1 2024
The value of Nigeria’s crude oil export earnings increased by 50.2% in the first quarter of 2024 to N15.4 trillion, ...
Bullish cocoa prices push Nigeria’s cocoa earnings by 279% in Q1, 2024
Nigeria’s cocoa earnings spiked by 279% in the first quarter of 2024 on the back of elevated cocoa prices during ...
Top ten export destinations of Nigerian goods in Q1, 2024
In the first quarter of 2024, Nigeria’s total exports increased by 51% from N12.69 trillion in the preceding quarter (Q4, ...
Nigeria’s food and beverage import bill rises by 30% to N1.59 trillion in Q1
Nigeria’s food and beverage import bill increased by 30% from N 1.21 trillion in the fourth quarter of 2023 to N1.59 ...
Nigeria’s agricultural goods imports exceeds exports by N1.037 trillion in 2023
The value of agricultural goods imported into Nigeria in 2023 exceeded exports by N1.037 tn marking the 5th year imports ...
Nigeria’s top ten foreign trade partners in 2023
In 2023, Nigeria’s total foreign trade reached N71.88 trillion- an increase of 37.2% when compared to the N52.38 trillion recorded ...
Nigeria’s import bill surges 66.8% in 4th quarter of 2023
Driven by exchange rate depreciation Nigeria's import bill surged by an astonishing 66.8% in the fourth quarter of 2023, reaching ...
Nigeria’s total foreign trade rises by 37.2% to N71.88 trillion in 2023
In 2023, Nigeria’s total foreign trade increased from N52.38 trillion recorded in 2022 to N71.88 trillion- an increase of 37.2% ...
Nigeria records N1.3 trillion foreign trade surplus in Q2 2023 – Report
In the second quarter of 2023, Nigeria recorded a foreign trade surplus of N1.3 trillion total trade, reaching an impressive ...
