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Rising imports push Nigeria’s trade deficit to 10-year high

The foreign trade in goods statistics released by the National Bureau of Statistics (NBS) shows the total value of Nigeria’s merchandise trade stood at N9, 757.87 billion representing a 6.99 percent increase over the value recorded in the last three months (Q4) of 2020. This is 14.13 percent compared to the first three months (Q1)…

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