In theory, data does not concern with actual payments made and received in the balance of payment. Exporting data are the process of extracting data from an instance of SQL server into some user specified format.
            Oil and natural gas are the most important export products for Nigerian trade.
Importing data can be an ongoing task, the country’s exports approximately 2.327 million barrels per day in 2007 figures. In terms of total oil exports, Nigeria ranks 8th in the world. As of 2009, Nigeria has approximately 36.2 billion barrels of oil reserves. Despite large scale liberalization efforts, the sector is under close check of government agencies.
            Balance of payment is a statement that summarizes an economy’s transactions for a specified time period. The balances of payment are classify into two accounts - the current and capital account.
            The current account includes transactions in goods, services investment income and current transfers while capital account mainly includes transactions in financial instruments. A current account deficit would have to be financed by a net inflow in the capital account, while a current account surplus should correspond to an outflow in the capital and financial account for a net figure of zero.
            In actual practice, data are compiled from multiple sources gives sore to some degree of measurement error.
            The balance of payment should be in equilibrium. Current account should balance with the sum of the capital and financial accounts because in practice, the transactions do not offset each other exactly as a result of statistical discrepancies.
            A number of theories have been developed to explain adjustment process of the balance of payments.
            The balance of payment is viewed as the difference between what the economy produces and what it spends. In an economy that operates below its full potential, exchange rate depreciation tends to increase net export and bring about no increase in output and employment.
            In a modern global economy with well-developed financial markets and large-scale capital flows, financial assets play an important role in the analysis of the balance of payment.
            In an economy at full potential, depreciation tends to increase net exports but because it is not possible to increase output, the result is higher prices of domestically produced goods. The lifting of controls on the movement of capital and financial flows has been fundamental to promote world trade and eventually greater incomes.                            
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