Nigeria's foreign trade Archives

Blue rail line operations, foreign trade report… 7 business stories to track this week

Here are the seven top business stories you need to track this week — September 4 to September 8. BLUE RAIL LINE TO COMMENCE OPERATIONS SEPT. 4 The blue line

Nigeria’s trade deficit rises 62% to N3trn in Q3 2021

The National Bureau of Statistics (NBS) says Nigeria’s foreign trade rose 62 percent to record N3.03 trillion deficit in the third quarter of 2021. This is higher than the N1.87

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How 140% surge in Nigeria’s food import bill puts pressure on naira

The recent figures from the National Bureau of Statistics (NBS) on foreign trade for the first quarter (Q1) 2021 painted a gloomy macroeconomic conditions. Data from the report show that

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NBS: Nigeria recorded N3.94trn trade deficit in Q1 2021

Nigeria recorded N3.94 trillion trade deficit in the first three months of 2021, according to a report by the National Bureau of Statistics (NBS). This implies a negative balance of

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