June 8, 2021/Proshare By FMDQ …Authorised Dealers Commence Trading and Reporting of FX Transactions on FMDQ System The Central Bank of Nigeria (CBN) has displayed its commitment towards the development of the foreign exchange (FX) market and indeed, the Nigerian financial market, as the apex bank, in collaboration with FMDQ […]
OPINION/EDITORIAL
Trade Deficit Worsens on the Back of Currency Devaluation
June 8, 2021/United Capital Research Recently, the National Bureau of Statistics (NBS) released the Terms of trade report for Q1-2020. The report showed that total trade increased by 14.1% y/y and 7.0% q/q in Q1-2021. The increase in total trade comes as no surprise considering the impact of exchange rate […]
Trade Deficit Widens in Q1 2021 on Increased Imports
June 7, 2021/Proshare by CSL Research According to the foreign trade in goods statistics released by the National Bureau of Statistics (NBS), the total value of Nigeria’s merchandise trade increased by 7% q/q and 14% y/y to N9.8trn in Q1 2021 from N9.1trn in Q4 2020 and N8.6trn in Q1 […]
