Nigeria's Crude Oil Exports Generate ₦12.81 Trillion in Q3 2025
In the third quarter of 2025, Nigeria's crude oil exports brought in ₦12.81 trillion, representing 56.14% of the country's total exports. Despite a slight decline in the value of crude oil exports compared to the previous year, there was a quarter-on-quarter increase.
The oil sector, including petroleum products, played a significant role in Nigeria's foreign trade, with total merchandise trade reaching ₦38.94 trillion. This underscores the continued dominance of oil in Nigeria's external trade and its crucial role in sustaining the country's foreign exchange earnings.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
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