Nigeria records N6.57bn foreign trade in Q2 – NBS

Notice! This Website Makes Use Of Pop Ads Which Might Be Annoying To Users. Kindly Close Any Unwanted Tab That Pops Up.
Nigeria records N6.57bn foreign trade in Q2 – NBS
Nigeria records N6.57bn foreign trade in Q2 – NBS

By Lucy Nwachukwu

The National Bureau of Statistics (NBS) said the country recorded foreign trade valued at N6.57billion in the second quarter.

The bureau disclosed this in its “Foreign Trade in Goods Statistics” (Q2 2018) report released on Thursday in Abuja.

It said the figure was – 8.9 per cent less than 7.21 billion recorded in the first quarter and represents a 14.56per cent growth from the N5.73billion recorded in the second quarter of 2017.

According to the bureau, the contraction of total trade in the quarter under review is mainly driven by the decline in both imports and exports.

“The total value of exports in the quarter under review is N4.46 billion.

“This represents a -4.9 per cent contraction over the first quarter (4.70billion) and a 43.8 per cent growth compared to second quarter of 2017.

“Likewise, the total import component in the second quarter (2.11billion) also recorded a decline of -16.3 per cent.

“This is lower than the first quarter (2.52billion) and -19.9 per cent lower than the first quarter of 2017,” the report said.

It said the trade balance in the second quarter was a surplus of N2.36 billion.

This, it explained, was a 8.36 per cent increase from the figure in the first quarter (N2.17 billion) and, against N471.48 billion in the first quarter of 2017.

How To Download From This Website: CLICK HERE
About SUCCESS SERIEZ 20481 Articles
Wo, ? Na About me you come read before? ? OMO Nor vex I'm not a serious person ?, Sha I hate Blogging?, Na Condition put me here so?, Table-shaker? Chair Breaker, ?, SAPA LandLord?. I'm Not On WhatsApp Because I Don't Have A Phone Number Because I Don't Have A Sim Because I Don't Have A Phone ?. But I know road to post office ?. Via [email protected]

Be the first to comment

Leave a Reply

Your email address will not be published.


*