Naira devaluation reduces Nigeria’s trade deficit by 44%

07 September 2016,Abuja – The devaluation of the naira slashed Nigeria’s trade deficit by 44 per cent to N196.5bn in June, from N351.3bn in March, the National Bureau of Statistics said on Tuesday. The bureau said the value of exports increased by 63 per cent to N1.9tn in the quarter. “The improvement in export value […] More »