Tag: Trade Surplus

Oil and Gas

Nigeria’s trade surplus hits ₦7.55trn on oil export boom

Nigeria’s merchandise trade surplus surged to N7.55 trillion in the first quarter of 2026, representing a 340.88 per cent increase from the N1.71 trillion recorded in the preceding quarter, driven by stronger crude oil exports and a sharp decline in import spending. New data released by the National Bureau of Statistics showed that total merchandise […]

featured Finance

Nigeria’s trade surplus drops by 35% in July

Nigeria’s monthly trade surplus fell by 35 per cent, month-on-month, reaching $1.39 billion in July from $2.14 billion in June. This decline was primarily driven by an increase in imports and a slight drop in exports. The Central Bank of Nigeria disclosed this information in its Monthly Economic Report for July. The report showed that […]