Nigeria records N126bn trade deficit in Q1’20 – NBS

Insurance sector contracted by 12.05% in Q4 – NBS

As 3-month importation from china gulps N1.1trn _____________________________ Nigeria has recorded a trade deficit of N125.77 billion in the first quarter of 2020 after the country imported goods worth N1.9 trillion against exported commodities worth N1.8 trillion in the period under review. This is revealed in the latest report by the National Bureau of Statistics (NBS) titled, ‘Commodity price indices and terms of trade Q1,’ which also indicated that said importation were higher than exports by N124.77 billion The five countries with highest bilateral deal as sources of importation to…

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