Nigeria’s foreign trade rises 14.3% in first quarter
The NBS says trade grew 6.99 per cent over the value recorded in the fourth quarter of 2020 and 14.13 per cent compared to the first quarter of the same year.
by 109.29 per cent compared to Q1, 2020,” it said.The NBS said the value of solid minerals imports was 36.97 per cent higher in Q1, 2021 than in Q4, 2020 and 59.26 per cent more than its value in Q1, 2020.“The value of Energy goods imports was 34.39 per cent in Q1, 2021 higher than in Q4,2020 and 1,346.72 per cent higher than the value recorded in Q1, 2020.
It added that the value of imported manufactured goods grew by 18.47 per cent in Q1, 2021 against the value recorded in Q4, 2020 and 69.70 per cent against its value in Q1, 2020.“The value of other oil products imported in Q1, 2021 was 19.02 per cent more than its value in Q4, 2020
but 15.76 per cent less than the corresponding quarter of 2020,” it said.As for exports, the value of agricultural exports increased by 128.0 per cent in Q1 2021 compared to Q4 2020 and 0.1 per cent compared to Q1 2020.It added that the value of raw material goods exports in Q1, 2021 was 9.0 per cent lower than the value in Q4,2020 and 6.7 per cent lower than the value recorded in Q1 2020. headtopics.com
“The value of solid minerals exports increased by 107.2 per cent in Q1,2021 against Q4 2020 and 481.7 per cent against the corresponding quarter in 2020.ADVERTISEMENTAlso, energy goods increased in value by 16.3 per cent in Q1 2021 compared to Q4 2020 and 18.1 per cent compared to Q1,2020
“Manufactured goods exports rose by 94.0 per cent in Q1 2021 compared to Q4 2020 but decreased by 43.7 per cent compared to Q1, 2020.ALSO READ:Nigeria’s foreign trade stands at N23.2 trn – NBS“Crude oil exports in Q1 2021 decreased by 23.5 per cent compared to Q4,2020 and 34.5 per cent compared to Q1,2020.”
According to the report, Nigeria’s imports by country of origin showed that the majority of the goods imported during the quarter originated from China, valued at N2,009.94 billion or 29.34 per cent.“This was followed by the Netherlands (N726.09 billion or 10.60 per cent), the United States (N608.12 or 8.88 per cent ), and others,” it said.
For export, Nigeria exported mainly mineral products, valued at 2,486.1 billion or 85.52 per cent of the total export value.“This was followed by Vehicles, Aircraft, and parts (N180.5 billion or 6.21 per cent) and vegetable products (N82.3 billion or 2.83 per cent). headtopics.com
In terms of regional trade, Nigeria exported most products to Asia (N1,132.55 billion), Europe (N997.79 billion), America (N316.62 billion), and Africa (N449.84 billion).“During the quarter goods worth N282.2 billion were exported to ECOWAS. Read more: Premium Times »
Bandits Release 28 Abducted Students Of Bethel Baptist High School
Kaduna state chairman of the Christian Association of Nigeria, Joseph Hayab, is quoted to have disclosed that the abducted students of Bethel Baptist High Sc...
It's expected because of cashew nuts export. Courtesy of Kogi state and neighboring states. You risk imprisonment if you continue tweeting here...according to AGF🤣🤣
Perm Sec: 14 Directors Fail ICT TestFourteen candidates have failed the Information and Communication Technology (ICT) proficiency test to scale through in the quest to fill the vacancies What do you expect from people not from the computer age. High ranking personals failed, so what of the gateman how can he pass ? they will continue to fail, the test they fail as directed by Mr lie and Gaba was to remove Twitter from Nigeria internet Airspace 😂😂. it will not be possible
Ex-militants Give Federal Govt 14-day Ultimatum To Sack Akwa, DikioA coalition of ex-militants from Akwa Ibom State has given the Federal Government a 14-day ultimatum to remove the sole administrator of the Niger Delta
NDDC: Ex-militants threaten mass protests, give 14-day ultimatum - Punch NewspapersThe most widely read newspaper in Nigeria Punch know say Nigerians wise pass Buhari now. Even punch is using VPN Werey dey disguise Off that VPN jor 😂😂
14 directors fail as 11 others jostle for five permanent secretary seats - Punch NewspapersThe most widely read newspaper in Nigeria How una Account take work Una xef dey disguise Make punch do VPN giveaway nah
A'Ibom ex-militants give FG 14 days ultimatum to sack Akwa, DikioA coalition of ex militants from Akwa Ibom has given the federal government 14 days ultimatum to remove the sole administrator...
IGP presents N6.5m cheque to 14 families of deceased policemen in Kaduna | The Guardian Nigeria News - Nigeria and World NewsThe Inspector General of Police (IGP), Mr Usman Alkali, has presented cheques worth N6.5 million to 14 families of deceased policemen who lost their lives in the line of duty in Kaduna State. At what ratio? 14 police men, 6.5m....trying to figure out how dey will share this money. Serving ur country is a crime in Nig. Less than N500K per family. I won't be surprised if average each family gets isn't even up to what the IGP will pick up in DTA and other allowances for the trip, which took in this photo op.