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Nigeria’s total foreign trade, including exports and imports, surged by 24.9 per cent yearly, increasing to N69.81 trillion in 2023. This is according to combined reports by the National Bureau of Statistics quarterly foreign trade data. The figure represents a 24.9 per cent increase compared to the N52.4 trillion recorded in 2022. A quarter-by-quarter breakdown showed that the entire Foreign trade for Q1 stood at N12.05 trillion, total exports were N6.49 trillion, while imports value was N5.56 trillion. In Q2 2023, the country’s entire trade stood at N12.16 trillion, with total exports at N6….

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