JUST IN: NIGERIA’S TRADE SURPLUS REACHES N6.95TN IN Q2 2024 AS IMPORT DROPS
Nigeria had a modest dip in overall merchandise trade in the second quarter of 2024, but the country still posted a trade surplus of N6.95 trillion, a testament to its excellent export performance.
From the previous quarter, when a surplus of N6.52 trillion was reported, this surplus represents an increase of 6.60%.
Nigeria’s overall goods trade in the second quarter of 2024 was recorded at N31.89 trillion, down 3.76% from the previous quarter (Q1 2024) but increased 150.39% from the same period in 2023.
This is in accordance with a report that the National Bureau of Statistics (NBS) released on Wednesday and which illustrates a drop in imports from Nigeria.
More details to follow…
More Stories
POLICE FOIL KIDNAP ATTEMPT ON KADUNA-ABUJA HIGHWAY, ARREST THREE SUSPECTS
The Kaduna State Police Command said it arrested three members of a notorious kidnapping syndicate terrorising the Kaduna-Abuja highway and...
GUNMEN KILL POLICE INSPECTOR, ABDUCT TWO CHINESE NATIONALS IN CROSS RIVER
Unknown gunmen, on Thursday evening, reportedly shot and killed an Inspector of Police and also abducted two Chinese nationals in...
JUST IN: NIGERIA’S WIZKID, BURNA BOY, DAVIDO, TEMS NOMINATED FOR 2025 GRAMMY AWARDS (FULL LIST)
The 2025 Grammy nominations have been revealed, presenting a star-studded lineup of artists, albums, and songs competing for honours at...
EFCC NABS TWO CHINESE, OTHERS OVER ILLEGAL SOLID MINERAL EXPORT
The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, said it operatives arrested two Chinese nationals, Wang Jiang...
PREROGATIVE OF MERCY: SANWO-OLU APPROVES RELEASE OF 55 INMATES
Based on the recommendations of the Advisory Council on Prerogative of Mercy, Governor Babajide Sanwo-Olu has approved the release of...
RIVERS HELICOPTER CRASH: BLACK BOX FOUND, SEARCH FOR THREE MISSING STILL ON
The black box, flight data recorder (FDR), or cockpit voice recorder (CVR) of the Sikorsky SK76 helicopter have been recovered,...