Nigeria Records ₦8.9tn Trade Deficit In Nine Months, Expert Blames Insecurity
Nigeria recorded a negative trade balance of N8.9tn, between January and September, 2021, data from the National Bureau of Statistics have shown. Within this period, total foreign trade stood at N35.09tn, comprising N22tn imports and N13.1tn exports, leading to N8.9tn trade deficit. A breakdown of the trade data by quarters shows that Nigeria’s total merchandise…