Nigerias trade exports hit $50.4 billion as exchange rate depreciation and fuel subsidy removal boost trade balance

Nigerias total trade exports surged to $50.4 billion in 2024, driven by exchange rate depreciation and the elimination of fuel subsidies, which boosted the countrys trade balance. Data from the National Bureau of Statistics (NBS) shows that Nigeria recorded a total trade volume of N138 trillion, the highest in the countrys history, representing a 106% []The post Nigerias trade exports hit $50.4 billion as exchange rate depreciation and fuel subsidy removal boost trade balance appeared first on Nairametrics.
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