Nigeria recorded a 209.6 per cent increase in its trade surplus to N18.86 trillion in 2024 from N6.09 trillion in 2023.
The National Bureau of Statistics, NBS, disclosed this in its Foreign Trade statistics report for the fourth quarter of 2024 Q424.
According to the bureau, total merchandise trade stood at N138 trillion in 2024 rising by 55 per cent YoY from N88.8 trillion in 2023.