contact_phoneCall us +234 (0) 9073530044

BUSINESS

Nigeria recorded a trade deficit of N1.87tn in the second quarter of the year despite recording 111.32 per cent in crude oil exports.

todaySeptember 9, 2021 1

Background
share close

Nigeria recorded a trade deficit of N1.87tn in the second quarter of the year despite recording 111.32 per cent in crude oil exports.

However, statistics released by the National Bureau of Statistics in Abuja on Wednesday showed that the country’s deficit improved within the period.

In the first quarter of the year, the country’s trade deficit stood at N3.94tn.

The Foreign Trade in Goods Statistics report for Q2 2021 by the NBS showed that crude oil, Nigeria’s largest export, rose to N4.08tn from N1.93tn in the first quarter of the year.

According to the NBS, crude exports constituted 80.29 per cent of the country’s total exports, higher than 66.38 per cent in Q1, while non-crude exports represented 19.71 per cent during the same period, lower than 33.62 per cent it occupied in Q1.

Written by: EaglesFM

Rate it

Previous post

NEWS

Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation.

Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation. This is as he said that a slight reduction in the customs procedures could drive up Nigeria and other members’ revenues by at least $250bn. Osinbajo stated this on Wednesday in […]

todaySeptember 9, 2021 2

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

About
eaglesfm_logo

Eagles FM Abuja Nigeria provides information, entertainment & empowerment it’s listeners.

 “Your Radio Experience, You Can Count On”

Contact us
Address
download streaming app
Privacy Policy
0%