Report

Trade surplus doubles y/y to NGN 1.4tn in Q3 on one-off re-export of non-oil

- Adjusting for one-off re-exports, trade surplus has come under severe pressure due to soft oil price
- Imports have remained elevated in Jan-Sep due to government spending
- Crude and gas exports drop due to weaker oil prices and oil production disruptions
- Trade balance to remain under pressure in Q4 as oil sector challenges persist
Provider
CEEMarketWatch
CEEMarketWatch

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