Nigeria’s trade surplus increases sharply in the first quarter of 2026, according to data cited from the National Bureau of Statistics (NBS). Multiple outlets report that the surplus reaches about N7.55 trillion in Q1 2026. Vanguard reports a 340.88% rise quarter-on-quarter, comparing Q1 2026 with Q4 2025, when the surplus was about N1.7 trillion. Vanguard also cites a 91% year-on-year increase, comparing Q1 2026 with Q1 2025, when the surplus was about N3.95 trillion. Premium Times places the figure at roughly N7.5 trillion and says the improvement is driven by stronger export performance, with robust crude oil sales highlighted. The Punch similarly attributes the increase to higher exports and lower imports, citing the NBS report. Premium Times also reports that Nigeria’s merchandise trade totals about N34.8 trillion in Q1 2026, with exports outpacing imports. Overall, the sources agree the surplus widens substantially in Q1 2026, supported by export growth and import contraction, particularly in crude oil-related trade.
Nigeria’s trade surplus rises to N7.55 trillion in Q1 2026
Nigeria’s trade surplus increases sharply in the first quarter of 2026, according to data cited from the National Bureau of Statistics (NBS). Multiple outlets report that the surplus reaches about N7....
- Nigeria records a merchandise trade surplus of about N7.55 trillion in Q1 2026.
- The surplus rises about 341% quarter-on-quarter from Q4 2025 (NBS data cited by outlets).
- The surplus increases about 91% year-on-year from Q1 2025 (NBS data cited by outlets).
- Outlets attribute the wider surplus to stronger exports and reduced imports.
- Premium Times also reports total merchandise trade of about N34.8 trillion in Q1 2026 and links the improvement to robust crude oil sales.
By Progress Godfrey Nigeria recorded a 91 per cent, year-on-year, YoY increase in trade surplus to N7.55 trillion in the first quarter of 2026, Q1’26 from N3.95 trillion in the same period of 2025, Q1’25, driven by a sharp decline in imports and a modest rise in exports. The National Bureau of Statistics (NBS) disclosed this yesterday in […] The post Nigeria’s trade surplus rises 91% to N7.55trn in Q1’26 appeared first on Vanguard News.
2 months agoThe data from the statistics office also indicated that trade surplus stood at N7.5 trillion, driven by robust crude oil sales. The post Nigeria’s merchandise trade hits N34.8 trillion in Q1 2026 as exports outpace imports – NBS appeared first on Premium Times Nigeria.
2 months agoNigeria’s trade surplus surged by 341% to N7.55tn in Q1 2026, driven by increased exports and reduced imports. Discover key insights from the NBS report. Read More: https://punchng.com/trade-surplus-jumps-341-to-n7-55tn-nbs/
2 months agoNigeria’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 post Nigeria’s trade surplus rises 340% to N7.5 trn appeared first on Vanguard News.
2 months agoNigeria’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/
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