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

Nigeria’s commercialized surplus roseate to N7.549 trillion successful the archetypal 4th of 2026 from N34.78 trillion full merchandise successful the period.

The National Bureau of Statistics, NBS, disclosed this successful its Foreign Trade successful Goods statistic released connected Monday.

The information showed that full exports stood astatine N21.169 trillion and imports were N13.619 trillion, portion signaling a commercialized equilibrium of N7.5 trillion successful Q1 2026.

The export commercialized information reflects a 2.77 percent summation compared with N20,598.48 cardinal successful the corresponding 4th of 2025 and an 11.63 percent summation compared with Q4 2025.

Meanwhile, the worth of full imports decreased by 18.17 percent from the worth recorded successful the corresponding 4th of 2025 (N16,644.42 billion) and a 21.05 percent alteration compared to the worth recorded successful Q4 2025 (N17,250.93 billion).

“Total exports successful Q1 2026 were valued astatine N21,169.27 billion, reflecting a 2.77 percent summation compared with N20,598.48 cardinal successful the corresponding 4th of 2025, and an 11.63 percent summation compared with N18,963.41 cardinal successful Q4 2025.

“The worth of full imports stood astatine N13,619.33 cardinal successful the archetypal 4th of 2026, representing an 18.17 percent alteration from...