Nigeria Records N1.88 Trillion Trade Surplus in Third Quarter
Nigeria’s total external merchandise trade increased to N18.80 trillion in the third quarter of the year (Q3 2023), with exports accounting for N10.35 trillion, the National Bureau of Statistics (NBS) disclosed yesterday. Total imports stood at N8.46 trillion, creating a trade surplus of N1.88 trillion. According to the Foreign Trade in Goods Statistics (Q3 2023), […]
Oil revenue rises 83%, hits N8.5tn – NBS report
Nigeria’s foreign trade in the third quarter of 2023 rose by 53.16 per cent year-on-year to N 18.80tn. This is as crude oil revenue surged by 83.23 per cent to N8.54tn in the quarter under review. In the third quarter of 2022, total crude oil sales amounted to N4.66tn. Buoyed by an increase in trade […]