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NGEconomy13 days ago

Nigeria’s trade surplus rises 340% to N7.5 trn

Nigeria's trade surplus rose 340.88% quarter-on-quarter to N7.55 trillion in Q1 2026, up from N1.7 trillion in Q4 2025, and 89% year-on-year, according to the National Bureau of Statistics' Foreign Trade in Goods Statistics report. The NBS attributed the increase to a decline in petroleum products imports and a rise in crude oil exports, with exports valued at N21.2 trillion and imports at N13.62 trillion.

Source document: Foreign Trade in Goods Statistics (FTS) Report for Q1'26

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Vanguard NigeriaIndependentCenter13 days ago
Nigeria’s trade surplus rises 340% to N7.5 trn

Nigeria's trade surplus rose 340.88% quarter-on-quarter to N7.55 trillion in Q1 2026, up from N1.7 trillion in Q4 2025, and 89% year-on-year, according to the National Bureau of Statistics' Foreign Trade in Goods Statistics report. The NBS attributed the increase to a decline in petroleum products imports and a rise in crude oil exports, with exports valued at N21.2 trillion and imports at N13.62 trillion.

Bias read (Center): The piece is a straight data report relaying NBS trade statistics with attributed figures and no loaded language or editorializing.

Official sources cited

  • government Foreign Trade in Goods Statistics (FTS) Report for Q1'26

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  • governmentForeign Trade in Goods Statistics (FTS) Report for Q1'26