Breakfast Report - 21st March 2016
​According to the Nigerian Bureau of Statistics (NBS), Nigeria’s Q4 trade declined 45% y/y on the back of declines in both total exports and imports, down 22% y/y and 30% y/y respectively. On a q/q basis, trade value was down 9% as a marginal 4% q/q improvement in Crude oil exports (81% of total exports) was outweighed by a drop in total imports (down 6% q/q) and non-crude oil exports (down 44% q/q)
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