NewStats: 3,264,424 , 8,183,699 topics. Date: Wednesday, 11 June 2025 at 04:09 AM 6fl38

MOST HIGH MUST BE HIGH ON HIS BURUKUTU
MOST HIGH MUST BE HIGH ON HIS BURUKUTU
MOST HIGH MUST BE HIGH ON HIS BURUKUTU
MOST HIGH MUST BE HIGH ON HIS BURUKUTU
MOST HIGH MUST BE HIGH ON HIS BURUKUTU

Global debt surged to a record $258 trillion in the first quarter of 2020 as economies around the world shut down to contain the coronavirus pandemic, and debt levels are continuing to rise, the Institute for International Finance said in a report.

The IIF, which represents global banks and financial institutions, said the first-quarter debt-to-GDP ratio jumped by over 10 percentage points, the largest quarterly surge on record, to reach a record 331%.

While the rise in debt levels was well below average quarterly gains seen from 2015 to 2019, the pace of global debt build-up by governments, companies, financial institutions and households had accelerated since March.


The Earth's population don become slaves. DEBTS MUST BE PAID ONE WAY OR THE OTHER.

https://www.reuters.com/article/us-global-debt-iif/global-debt-hits-record-high-of-331-of-gdp-in-first-quarter-iif-idUSKCN24H1V5
https://www.mezmetrics.com/

Nigeria’s top trading partners in 2019 are India, Spain, the Netherlands, Ghana, , South Africa, the United States, China, and Italy.

Also, It is the 27th largest economy and the largest economy in Africa.

Strategically located on Africa’s west-central shore, Nigeria shipped $53.6 billion worth of goods worldwide in 2019.

40% of Nigeria’s exports went to European importers, while 28.2% went to importers in Asia.

Furthermore, Nigeria shipped another 20.4% worth of goods to fellow African countries.

Nigeria’s top exports include crude oil, liquefied natural gas, tobacco, cocoa, oilseeds, cashew nuts, processed leather, fertilizers, and base metals.

Top imports include machinery, refined oil, wheats, vehicles, chemicals, plastics, electrical machinery, and pharmaceuticals.

Critical sectors in Nigeria include oil & gas, banking, entertainments, communications, manufacturing, agriculture, cement, base metals, beverages, and plastics.


Nigeria’s Top Trading Partners
Below is a list showcasing 15 of Nigeria’s top trading partners in of export sales.

India: $8.3 billion (15.4% of total Nigerian exports)
Spain: $5.3 billion
Netherlands: $4.9 billion
Ghana: $4 billion
: $3.6 billion
South Africa: $3.2 billion
United States: $2.8 billion
Italy: $2.1 billion
China: $1.7 billion
Indonesia: $1.5 billion
Turkey: $1.4 billion
Canada: $1.3 billion
United Kingdom: $1.2 billion
Ivory Coast: $1.2 billion
: $1.2 billion


Companies Servicing Nigeria’s Top Trading Partners
Below are significant companies in Nigeria that export to Nigeria’s trading partners.

Access Bank (regional bank)
Chevron Nigeria (oil, gas)
Dangote Cement (construction materials)
Dangote Sugar (consumer goods)
Equity Assurance (financial institution)
ExxonMobil Nigeria(oil, gas)
FBN Holdings (local bank)
Guaranty Trust Bank (local bank)
Julius Berger Nigeria (construction materials)
Nigerian National Petroleum Corporation (oil, gas)
Oando (oil, gas)
ROCAD Construction Limited (oil, gas)
Shell Nigeria (oil, gas)
Total Upstream Companies Nigeria(oil, gas)


https://www.mezmetrics.com/nigerias-top-trading-partners-2019/
https://www.mezmetrics.com