In the third quarter of 2020, Africa’s biggest economy saw its trade deficit surge by 32.45 percent to N2.38 trillion from N1.8 trillion in the second quarter, and down from a surplus of N1.38 trillion in Q3’2019.
The recently released foreign trade statistics by the National Bureau of Statistics (NBS) shows how Nigeria performed in third quarter of the year.
Here are some highlights from the report.
Trade deficit widens to N2.38trn, highest since 2017
In the third quarter of 2020, Africa’s biggest eco
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
