Tag
FOREIGN TRADE
Nigeria's total foreign trade for the fourth quarter (Q4) of 2020 rose 8.8% to N9.12 trillion in Q4 2020
Nigeria's total foreign trade rose by 34.15% in Q3 2020 to stand at N8.4 trillion compared to N6.24 trillion recorded in the previous quarter (Q2 2020).
Total import for the period stood at N4.02 trillion while total export was N2.22 trillion.
Nigeria’s total foreign trade (import and export) rose marginally by 0.8% year on year, when compared to N8.24 trillion recorded in the corresponding quarter of 2019.
There is an increasing buildup in West Africa’s crude inventory, as the Coronavirus continues to impact negatively on demands from some European countries and China.
The latest foreign trade report shows some interesting numbers, as Ghana tops Nigeria’s export destinations for the first time in the third quarter of 2019. Ghana imported N908.5 billion worth of goods from Nigeria
Nigeria’s foreign trade rose to N9.18 trillion in the Q3f 2019, up from N8.60 trillion recorded in the previous quarter. That is, the nation's total foreign trade rose by 6.67% within the quarter, an increase of N582.3 billion.
Nigeria’s top 10 agricultural exports hit N152 billion in half-year 2019
Recent data obtained from the NBS show that between the first quarter of 2018 and the second quarter of 2019, Nigeria had spent the total sum of N1.03 trillion to import used vehicles and Motorcycles in less than 2 years
The president of the China Chambers of Commerce in Nigeria, Mr. Ye Shuijin, recently disclosed that the total investments of Chinese companies in the country have reached $20bn.
India overtook Netherlands to become Nigeria’s leading export trading partner.
Key Highlights Total trade value was ₦7,211.61 billion Total trade value grew by 19.74% from Q4 2017 and...