Nigeria’s 16-month Canada trade surplus streak ends as exports collapse by 99.6%

Nigeria's trade balance with Canada swung into a N23.21 billion deficit in June 2026, ending a 16-month streak of consecutive monthly trade surpluses. Exports to Canada collapsed to just N1.54 billion, a significant dip of 99.55%. The sharp decline in exports led to the trade deficit. This development marks a notable shift in Nigeria's trade relationship with Canada.

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