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Nigeria’s Q2 2024 Trade Surges to ₦31.9 Trillion, Exports Lead with 60.89% Share

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Nigeria’s Q2 2024 Trade Surges to ₦31.9 Trillion, Exports Lead with 60.89% Share,

This is according to the NBS Foreign Trade in Goods Statistics Report for Q2 2024 released in Abuja on Thursday. The NBS said the figure represented a decrease of 3.76% over the value recorded in Q1 2024 and an increase of 150.39% compared to the value recorded in Q2 2023.

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The report said total exports stood at ₦19,418.93 billion accounting for 60.89 of total trade while total imports stood at ₦12,473.53 billion. The report said total exports increased by 1.31% compared to the amount recorded in the first quarter of 2024 at ₦19,167.36 billion.

“Also, total exports in Q2 2024 increased by 201.76% when compared to Q2 of 2023 which was recorded at ₦6,435.13 billion.”

The report, however, said total imports decreased by 10.71% compared to the value recorded in the first quarter of 2024 at ₦13.970.05 billion.

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“Total imports increased by 97.93% when compared to the value recorded in Q2 2023 at ₦6,301.95 billion.”

It said in Q2 2024, Nigeria’s export trade continued to be dominated by crude oil exports valued at ₦14,559.56 billion which represented 74.98% of total exports. The NBS said the value of non-crude oil exports stood at ₦4,859.37 billion which represented 25.02% of total exports in Q2 2024.

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“Non-oil products contributed ₦1,944.25 billion or 10.01% of total exports.”

The report said the top trading export partners in Q2 2024 were Spain, the U.S., France, India, and The Netherlands. It, however, said on the import side, China remained Nigeria’s highest trading partner followed by Belgium, India, the United States of America, and The Netherlands.


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Why Betway Nigeria is the top choice for Betting in 2025

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Betting in Nigeria has exploded in popularity, and with so many platforms popping up, it’s tough to know which one truly stands out. Spoiler alert: Betway Nigeria isn’t just another name in the crowd.

It’s a powerhouse, offering everything a bettor could ask for, from extensive markets to sleek casino games. The Betway app makes the whole experience even smoother, but that’s just the beginning.

Let’s break down why Betway Nigeria should be your go-to in 2025.

A Licensed Operator You Can Trust

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First things first – trust matters. Betway Nigeria operates under a legitimate license from the National Lottery Regulatory Commission (NLRC), ensuring everything is above board. That’s not just a fancy certificate on the wall; it means your bets are placed in a secure, regulated environment.

Why is this important? Because it protects your money, your personal data, and your peace of mind. In an industry where shady operators exist, Betway’s legal status is a massive plus. No funny business, just fair play.

Betting Markets That Cover Everything

If you’re into sports betting, you know the frustration of limited options. Some platforms focus on football and call it a day. Betway Nigeria? They go the extra mile.

  • Football: From the English Premier League to local Nigerian leagues, every kick, goal, and upset is covered.

  • Basketball & Tennis: Whether it’s the NBA or Wimbledon, Betway keeps you in the game.

  • Esports: Yes, even competitive gaming gets the spotlight with markets for CS:GO, Dota 2, and more.

Live betting takes it up a notch. Imagine watching a match and placing bets in real-time as the action unfolds. It’s thrilling, and Betway’s interface makes it easy to jump in without missing a beat.

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Now, before you think we’re listing everything, here’s the thing: Betway’s strength isn’t just the variety. It’s how well they present it. The platform is intuitive, so you’re not lost in endless menus trying to find that obscure match in the Serbian SuperLiga (unless that’s your thing).

Casino Games That Go Beyond the Basics

Sure, sports betting is fun, but sometimes you want to switch things up. Betway Nigeria’s casino section is where the real excitement kicks in.

They’ve got slots galore, from classic fruit machines to high-definition games with jaw-dropping graphics. Prefer table games? Blackjack, roulette, and baccarat are ready to go. And let’s not forget the exclusive titles you won’t find anywhere else.

These aren’t just cookie-cutter games; they’re crafted to keep things fresh. What makes it stand out? It’s seamless. You can jump from sports betting to spinning the reels without switching platforms. No fuss, no hassle – just pure entertainment.

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Deposits and Withdrawals? As Easy as Sending an SMS

Nobody likes jumping through hoops to get their money in or out of a betting account. Betway Nigeria gets it. That’s why they’ve streamlined the process with payment methods tailored to Nigerian users.

  • Bank Transfers: Direct, fast, and reliable.

  • Mobile Money: Perfect for quick transactions on the go.

  • USSD Codes: Even without the internet, you can fund your account.

  • E-wallets and Cards: For those who prefer digital payments.

What’s even better? Withdrawals are quick. No waiting days wondering where your money went. Betway keeps it simple because, well, it should be.

Why Betway Nigeria Stays Ahead in 2025

So, why Betway Nigeria? It’s not just because they’ve been around the block or because they have a shiny license. It’s because they’ve mastered the art of delivering what bettors actually want.

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  • Security: Licensed, regulated, and trustworthy.

  • Variety: Sports, casino games, live betting – you name it.

  • Convenience: Easy payments, a user-friendly platform, and the Betway app that keeps you connected anytime, anywhere.

In a sea of betting platforms, Betway Nigeria isn’t just floating; it’s leading the charge. If you’re looking for a platform that’s got the right mix of security, excitement, and convenience, Betway is the smart choice for 2025. Give it a shot – you might just find your perfect match.

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Party over as T-bills yield falls to one-year low of 22.58%

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T bills yield

.Signals rate cut at MPC meeting The bull-run at the Nigeria treasury bill (T-bills) market seen since last year came

read more Party over as T-bills yield falls to one-year low of 22.58%


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7 everyday habits that can transform your financial future

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In Nigeria’s dynamic economy, small consistent actions can transform money management and build a solid foundation for future wealth. By tracking spending, setting realistic budgets, and resisting impulsive purchases, you can gradually improve your financial well-being.

The insights below offer 7 practical habits that empower you to take control of your finances and navigate economic challenges effectively.

Discover how simple daily routines lead to smarter saving, strategic spending, and steady growth, ultimately transforming your financial future and creating long-term success. Start today, succeed.

ALSO READ: How to make your children grow up rich even if you are broke

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1) Track Your Spending

Keep a daily record of all your expenses. Whether you use a simple notebook or a mobile budgeting tool, noting every Naira spent helps you understand your spending habits. This awareness allows you to identify areas where you can cut costs and save more.

2) Create and Stick to a Budget

Develop a realistic monthly budget based on your income and necessary expenses. Allocate funds for savings and occasional treats. Following a budget ensures that you live within your means and gradually build a financial cushion.

3) Save Consistently

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Make saving a non-negotiable part of your routine. Set aside a fixed portion of your earnings regularly, even a small amount can add up over time. Building an emergency fund provides security and prepares you for unforeseen expenses.

EXPLORE: How millennials and Gen Z are shaping their future finances

4) Invest in Self-Development

Invest in acquiring new skills and knowledge. Whether through courses, workshops, or reading, enhancing your abilities can lead to better job opportunities and increased income. Personal growth is a long-term asset that pays dividends over time.

5) Plan for the Future

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Set clear financial goals and work towards them step by step. Whether saving for a home, education, or retirement, having well-defined targets helps you stay motivated and make sound financial decisions.

6) Avoid Impulsive Purchases

Before making a non-essential purchase, give yourself time to consider if it is truly necessary. A simple pause can prevent regretful spending and help you stick to your budget.

7) Seek Reliable Financial Advice

Regularly update your financial knowledge by reading trustworthy sources or consulting experienced advisors. Learning from others’ experiences and expertise helps you avoid common pitfalls and refine your financial strategies.

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By incorporating these habits into your daily routine, you can gradually transform your financial situation. Small steps taken consistently can lead to a secure and prosperous future, empowering you to make informed decisions and safeguard your hard-earned money.

RECOMMENDED: 3 easy steps for creating a practical monthly budget


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