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Negative growth in Nigeria’s trade sector moderates to 2.43% in Q1

The negative growth trajectory in Nigeria’s trade sector moderated to a contraction of 2.43 per cent in the first quarter of the year from a 3.2 per cent contraction reported in the fourth quarter of 2020. The Lagos Chamber of Commerce and Industry says this moderation reflects the gradual positive impact of the land border reopening on the sector’s performance amid other headwinds. Muda Yusuf, Director General of LCCI joins CNBC Africa for more.


Fri May 28 2021 | 11:49:22 GMT+0000 (Coordinated Universal Time)


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