The National Bureau of Statistics said on Tuesday that the country recorded a decline of N793.5bn in the first quarter merchandise trade to close at N2.72tn from N3.51tn in the fourth quarter of 2015, the first time in the last seven years.
The bureau, in the trade statistics report released on Tuesday, said the drop in the first quarter trade represented a decline of about 22.6 per cent over what was recorded in the preceding quarter.
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