Nigeria's trade surplus rises to N7.5tn as imports crash in Q1 2026

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

By Elizabeth Adegbesan Nigeria’s trade surplus grew by 340.88 percent quarter-on-quarter (QoQ) to N7.55 trillion in the first quarter of 2026 (Q1’26) from N1.7 trillion in Q4’25. The National Bureau of Statistics disclosed this Monday in its Foreign Trade in Goods Statistics (FTS) Report for Q1’26. The bureau cited decline in petroleum products import and increased crude oil exports as reasons for the increase in trade surplus during the review …

Nigeria’s trade surplus jumps 341% to N7.55tn in 2026 Q1 – NBS

Nigeria’s trade surplus surged by 341% to N7.55tn in Q1 2026, driven by increased exports and reduced imports, according to the NBS report. Read More: https://punchng.com/nigerias-trade-surplus-jumps-341-to-n7-55tn-in-2026-q1-nbs/

Nigeria's trade surplus surges to N7.55trn

Nigeria recorded a positive balance of trade of N7.55 trillion in the first quarter of 2026, a 340.88 per cent leap over the N1.7 trillion

Nigeria's trade surplus rises to N7.5tn as imports crash in Q1 2026

Nigeria’s trade surplus rose to N7.549 trillion in the first quarter of 2026 from N34.78 trillion total merchandise in the period. The National Bureau of Statistics, NBS, disclosed this in its Foreign Trade in Goods statistics released on Monday. The data showed that total exports stood at N21.169 trillion and imports were N13.619 trillion, while recording a trade balance of N7.5 trillion in Q1 2026. The export trade data reflects a 2.77 percent…

Nigeria records N7.55trn trade surplus in Q1 2026 as exports rise above imports

Nigeria recorded a N7.55 trillion trade surplus in Q1 2026 as exports rose to N21.17 trillion while imports declined to N13.62 trillion overall in a new report.

Trade Surplus Soars 341% to ₦7.55trn in Q1 2026 – NBS - Economi Confidential

Nigeria’s merchandise trade surplus surged to ₦7.55 trillion in Q1 2026, a 340.9% increase from the previous quarter, according to the National Bureau of Statistics (NBS). The post Trade Surplus Soars 341% to ₦7.55trn in Q1 2026 – NBS appeared first on Economi Confidential.