Foreign Trade Archives - National Wire

New Study Shows Nigeria Trade Misinvoicing Leads to Significant Revenue Losses

October 31, 2018 0

…Misinvoicing Of Imports And Exports Is 15 Percent Of All Trade Transactions Analysis of trade misinvoicing in Nigeria in 2014 shows that the potential loss of revenue to the government was approximately $2.2 billion for the year, according to a new study by Global Financial Integrity. To put this figure in context, this amount represents four percent of total annual …

Nigeria’s Foreign Trade Falls To N6.56tn In Q2

September 6, 2018 0

Nigeria’s total value of merchandise trade dropped to N6.56 trillion in the second quarter of the year (Q2 2018), representing a -8.89 per cent contraction compared to the N7.21 trillion recorded in the preceding quarter, the National Bureau of Statistics (NBS) has stated. According to the Foreign Trade Statistics for Q2 which was released Thursday, the statistical agency attributed the …