techeconomy.ng
The National Bureau of Statistics (NBS) said Nigeria’s trade surplus in the first three months of 2022 recorded N1.2 trillion due to increases in crude oil export.
A trade surplus is an economic indicator of a positive trade balance in which the exports of a nation outweigh its imports.
In its report entitled: ‘Foreign Trade in Goods Statistics (Q1 2022),” the NBS said crude oil export in the quarter under review which stood at N5.62 trillion recorded an increase of 31.66 percent compared to N4.27 trillion recorded in Q4, 2021.
In Q1, Nigeria’s total…
Source: techeconomy.ng
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