• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Records N3.42trn Trade Surplus In Q4

by Mark Itsibor
4 months ago
in Business
Nigeria Records N3.42trn Trade Surplus In Q4
Share on WhatsAppShare on FacebookShare on XTelegram

National Bureau of Statistics (NBS) has said Nigeria recorded a trade surplus of N3.42 trillion in the fourth quarter (Q4) of 2024, in its latest foreign trade report that was released on Friday.

Advertisement

The report revealed that total trade for the period stood at N36.6 trillion, reflecting a 2.2 per cent increase from the N35.8 trillion recorded in the third quarter (Q3).

Exports were valued at N20.01 trillion, while imports amounted to N16.59 trillion.

Crude oil continued to dominate Nigeria’s export trade, accounting for N13.78 trillion or 68.87 per cent of total exports.

Non-crude oil exports stood at N6.23 trillion (31.13 per cent), with non-oil products contributing N2.84 trillion (4.2 per cent).

RELATED

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

8 hours ago
Top Home Teams with Highest Win Rates: Who To Bet On

Top Home Teams with Highest Win Rates: Who To Bet On

12 hours ago

The Netherlands was Nigeria’s top export destination, purchasing goods worth N2.09 trillion (10.44 per cent of total exports). It was followed by France (N1.91 trillion, 9.54 per cent), Spain (N1.74 trillion, 8.68 per cent), India (N1.60 trillion, 7.98 per cent), and Indonesia (N1.41 trillion, 7.03 per cent). Collectively, these five countries accounted for 43.67 per cent of Nigeria’s total exports in Q4 2024.

China remained Nigeria’s largest source of imports, accounting for 27.8 per cent of total imports, valued at N4.61 trillion.

Other top importers of Nigerian products included India (N1.89 trillion, 11.43 per cent), Belgium (N1.38 trillion, 8.35 per cent), the United States (N1.05 trillion, 6.33 per cent), and France (N501 billion, 3.62 per cent).

Compared to the corresponding period in 2023, Nigeria’s total merchandise trade in Q4 2024 grew by 68.32 per cent, up from N21.75 trillion.

However, exports declined slightly by 2.55 per cent from N20.54 trillion recorded in Q3 2024.

The latest trade figures underscore Nigeria’s continued dependence on crude oil exports while highlighting the growing contribution of non-oil exports to the economy.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: National Bureau of Statistics (NBS)
SendShareTweetShare
Previous Post

Access Bank Launches Solar Financing For Health Sector

Next Post

Nestlé Professional Empowers 2,000 Women Entrepreneurs In Food Industry

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike
Business

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

2025/06/28
Top Home Teams with Highest Win Rates: Who To Bet On
Special Report

Top Home Teams with Highest Win Rates: Who To Bet On

2025/06/28
Diadem Group CEO Olaitan Gbenga Honoured In Zambia
Business

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2025/06/28
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report
Business

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

2025/06/28
Celebrating President Tinubu’s Remarkable Two Years In Office
Business

Tinubu Confers GCON Honour On Oramah

2025/06/28
Investors Gain N1.43trn From Stocks In 1 Week
Business

Investors Gain N1.43trn From Stocks In 1 Week

2025/06/28
Leadership Conference advertisement

LATEST

Bureaucratic Bottlenecks Delay Billionaire Dantata’s Burial In Saudi Arabia

Aikoriogie Hails Wike Over Reconciliation With Fubara, FCT Transformation

Kwara United Win 2025 President Federation Cup

PICTORIAL: 300 Journalists Benefit From Abuja NUJ, Nizamiye Hospital Medical Outreach

Nollywood Filmmaker, Kayode Peters, Dies In Canada

PICTORIAL: Mammoth Crowd Attends Ga’ib Funeral Prayer For Late Dantata In Kano

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Fake News Threatens Military Morale — NYSDI

Akwa Ibom APC Chairman Killed In Brawl With PDP Supporters Over Largesse

Niger Killings: NEF Demands State Of Emergency In Northern Nigeria

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.