Nigeria’s trade surplus rises to N6.95 trillion in Q2 2024 as imports drop

Nigeria’s trade surplus rises to N6.95 trillion in Q2 2024 as imports drop …C0NTINUE READING HERE >>>

Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024 in the face of increased exports.

The National Bureau of Statistics (NBS) disclosed this on Wednesday in its Foreign Goods Statistics for Q2 2024.

This surplus marks a 6.60 percent increase from the previous quarter, which recorded a surplus of N6.52 trillion.

Nigeria’s total merchandise trade in Q2 2024 stood at N31.89 trillion, representing a 3.76 percent decline compared to the preceding quarter (Q1…

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