Nigeria Trade Balance Weakens
World Economy

Nigeria Trade Balance Weakens

Nigerian exports plunged in the third quarter from a year ago and imports also fell, the National Bureau of Statistics said, as currency controls introduced by the Central Bank of Nigeria this year to support the economy start to bite, Punch reported. The balance of trade in the third quarter was N645 billion ($3.2 billion), down from N2.87 trillion in the third quarter a year ago. Africa’s biggest economy relies on oil exports for about 58% of government revenue. But the price of crude has been falling, reaching its lowest in more than 11 years at the weekend.


Short URL : http://goo.gl/ItWyp7
  1. http://goo.gl/ylcBQ1
  • http://goo.gl/BXcS4t
  • http://goo.gl/3yctsE
  • http://goo.gl/m8P5hK
  • http://goo.gl/L9Gt10

You can also read ...

Bank of Japan Keeps Policy Steady
The Bank of Japan kept its monetary stimulus unchanged...
Sub-Saharan Africa is still the world’s least industrialized region.
While much of Africa has achieved impressive economic growth,...
German Ministry Optimistic About Third Quarter Growth
Germany’s economy weakened at the start of the third quarter...
WTO head Roberto Azevedo renews his concerns over worrying political headwinds, especially protectionism.
The World Trade Organization on Thursday upped its forecast...
Asian central banks are not expected to mirror the Fed rate cycle as closely as in the past. The picture shows Indonesia Central Bank.
As the Federal Reserve signals an end to its decade of...
China Vexed Over S&P Credit Rating Downgrade
China is angry at Standard and Poor’s following a downgrade of...
Russia Overcomes Recession
The national economy is growing and creating a base for future...
ECB: Immigration Boosts Euroland Labor Force
Immigrants have made a large contribution to the working-age...