• Oilseed meal and cake constituted the United States' largest agricultural import from Nigeria, valued at $29.9 million.
• Total US agricultural imports from Nigeria in 2024 amounted to $114.7 million.
• Cocoa beans represented 19% ($21.8 million) of Nigeria's agricultural exports to the US.
• Oilseed, cocoa, and tea collectively accounted for 59% of the total agricultural exports from Nigeria to the United States.

• Over 60% of Kenya’s bank loans for foreign trade were used to fund imports, limiting resources for exports.
• In all six months, exports received less than 40% of the credit allocation, highlighting a significant gap.
• Import credit peaked at 66.23% in June
• The import-export credit ratio remained relatively stable, suggesting an ongoing structural trend in trade financing.
• To balance trade, policies could focus on enhancing export production, incentives for exporters, and easing export credit access.

• The United States leads with a massive $1.1 trillion in trade deficit, over four times larger than India's $245.5 billion deficit
• India and the United Kingdom follow, each exceeding $230 billion in trade deficits, reflecting high import reliance
• The USA’s trade imbalance alone surpasses the combined deficits of the other nine countries on this list
• Six of the top ten countries with the largest deficits are European economies

• Egypt and Morocco dominate Africa’s trade deficit, with a combined shortfall of $50.8 billion dollars, which surpasses the total deficit of the other eight countries on the list
• North African economies — Egypt, Morocco and Tunisia — account for more than half of the total trade deficit across the top 10
• East African economies also feature prominently, with Ethiopia, Kenya, and Tanzania making up a significant share of the deficit
• Smaller economies like Rwanda and Uganda post notable deficits, though on a much smaller scale than their North and East African counterparts

• Angola's $23.8 billion surplus is nearly double Algeria’s
• The top three countries are major oil exporters
• Oil, minerals, and natural resources drive most surpluses
• No North African country besides Algeria makes the top 10

• Web payment amassed a total transaction value of ₦825.5 trillion, showcasing its dominance in both frequency and financial significance.
• With a Constant Annual Growth Rate of 150.4% (in volume) and 208.9% (in value), Web Pay has been leading the Nigerian Payment System in both transaction volume and value since 2020.
• Mobile payments contribute 15.8% of transaction volume and 10.9% of transaction value, indicating growing adoption among tech-savvy users.
• NEFT transactions represent 21.5% of the total transaction value, reflecting their importance for transferring large sums.
• The dominance of web payments reflects Nigeria's ongoing transition to a cashless economy and widespread digital adoption.

• Web payment is the leading payment system in Nigeria, handling over half (52.7%) of transaction volume and 56.6% of transaction value in the first half of 2024.
• With a Constant Annual Growth Rate of 150.4% (in volume) and 208.9% (in value), Web Pay has been leading the Nigerian Payment System in both transaction volume and value since 2020.
• Point-of-sale (POS) terminals account for 29% of transaction volume, proving their continued relevance for in-person transactions.
• Mobile payments contribute 15.8% of transaction volume and 10.9% of transaction value, indicating growing adoption among tech-savvy users.
• The dominance of web payments reflects Nigeria's ongoing transition to a cashless economy and widespread digital adoption.
• With 3.49 billion transactions, mobile payments are gaining traction for low-value, high-frequency activities like bills and purchases.

• Between 2008 and 2015, Nigeria experienced consistent trade surpluses.

• In 2023, Nigeria recorded the least trade surplus in 16 years since 2008.

• Nigeria recorded trade deficits in three years (2016, 2020, and 2021) since 2008.
• 2021's ₦1.9 trillion deficit marked a downturn in trade performance

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