NBS: Nigeria recorded N927.2bn trade surplus in Q1 2023 | TheCable

The National Bureau of Statistics (NBS) says Nigeria recorded a N927.16 billion trade surplus between January and March of 2023.

The National Bureau of Statistics says Nigeria recorded N927.16 billion trade surplus between January and March.

In its report on foreign trade for the first quarter of 2023, the NBS said Nigeria’s total exports stood at N6.49 trillion, and imports at N5.56 trillion. “Total exports increased in the first quarter by 2 percent but declined by 8.66 percent when compared to the amount recorded in the fourth quarter of 2022 and the corresponding quarter in 2022 respectively,” the report reads.

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