Wednesday, June 1, 2016

Video - Nigeria's imports and exports plunge to record lows

Nigeria's trade account headed south in the first quarter of 2016 after exports fell by almost half. Data from the national bureau of statistics show the value of its exports, mostly crude, plunged 52% to 6.4 billion dollars in the three months to March from a year ago. First-quarter imports dropped 15.8% to 7.3 billion dollars pushing the balance of trade to negative 925.13 million dollars.

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