June 8, 2023/CSL Research Based on new industry data from the Nigerian Communications Commission (NCC), Nigeria’s mobile subscriptions declined marginally by 1% to 223.3 million in April 2023 from 225.8 million in March, indicating a decrease of 2.5 million subscribers. This decline comes after mobile subscriptions reached an all-time high […]
OPINION/EDITORIAL
Total foreign trade declines by 17.5% y/y in Q1 2023
June 7, 2023/CSL Research Based on data released by the National Bureau of Statistics (NBS), Nigeria recorded total foreign trade of N12.05 trillion in the first quarter of 2023, this represents a 17.5% decrease compared to N14.6 trillion recorded in Q1 2022. However, the total foreign trade value increased marginally […]
A Net Surplus Trade Balance of N927bn Recorded in Q1 2023
June 7, 2023/FBNQuest According to the most recent foreign trade in goods report produced by the National Bureau of Statistics (NBS), the total value of Nigeria’s merchandise trade dropped by 18% y/y to NGN12trn in Q1 ‘23. This figure comprises export and import trade balances of NGN6.5trn and NGN5.6trn respectively, […]
