Crude oil exports hit N5.6trillion in three months

Nigeria’s crude oil exports jumped to N5.6trillion in the first quarter of 2022.

According to the National Bureau of Statistics, Nigeria’s total merchandise trade stood at N13 trillion in the first quarter of 2022, indicating an increase of 11.05 per cent over the value recorded in the fourth quarter of 2021 and 65.41 per cent higher when compared to the value recorded in the first quarter of 2021.