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: NBS
News and analysis about NBS
CIT collection in Q1 declines by 12.87% to N984.61 billion- NBS
Company Income Tax (CIT) collection in the first three months declined by 12.87% from N1.13 trillion recorded in Q4, 2023 ...
FIRS VAT collection rises by 19.21% to N1.43 trillion in Q1- NBS
In the first quarter of 2024, Value Added Tax (VAT) paid by Nigerians increased from N1.20 trillion in Q4, 2023 ...
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 ...
Nigeria’s motorcycle imports surge by 204% in Q1 2024 on weak naira, India overtakes China as top supplier
Data from the National Bureau of Statistics reveal Nigeria recorded N117.4 billion as import cost for motorcycles in the first ...
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, ...
Ten most traded product categories in Nigeria in Q1 2024
Nigeria’s foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion.
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 incurs N2.6 trillion on fuel imports in first quarter of 2024 up 46%
Nigeria’s expenditure on motor spirit (also known as fuel) soared to N2.6 trillion in the first quarter of 2024, representing ...
