Nigerian Trade Deficit Narrows as Exports Surge on Devaluation

  • Exports increased 63 percent to 1.9 trillion naira in 2Q
  • Deficit narrowed to 196.5 billion naira vs 351.3 billion naira

Nigeria’s trade deficit narrowed in the second quarter as the value of exports from Africa’s most populous nation surged after a devaluation of the naira.

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