Nigeria Merchandise Trade Balance (USD bn)

Nigeria Trade

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This chart displays Trade Balance (USD billion) for Nigeria from 2013 to 2022.

	2018	2019	2020	2021	2022
Merchandise Trade Balance (USD bn)	20.5	2.9	-16.4	-4.6	6.0

Inflation increased to 25.8% in August, above July’s 24.1%. August’s result marked the highest inflation rate since August 2005, and...

12-Sep-23

Brent prices averaged USD 85.2 per barrel in August, up 6.3% from July’s price and 12.8% lower year on year....

1-Sep-23

The Purchasing Managers’ Index (PMI)—produced by Stanbic IBTC Bank and S&P Global—fell to 50.2 in August from July’s 51.7. August’s...

25-Aug-23

GDP growth accelerated to 2.5% year on year in the second quarter from 2.3% in the first quarter, as the...

15-Aug-23

Inflation came in at 24.1% in July, up from June’s 22.8%. July’s reading was the highest since September 2005. The...

1-Aug-23

The Purchasing Managers’ Index (PMI)—produced by Stanbic IBTC Bank and S&P Global—fell to 51.7 in July from June’s 53.2. Consequently,...

25-Jul-23

At its 24–25 July meeting—the first under acting Governor Folashodun Shonubi—the Monetary Policy Committee (MPC) of the Central Bank of...

17-Jul-23

Inflation rose to 22.8% in June, above May’s 22.4% and the highest inflation rate since September 2005. The removal of...