Nigeria's trade surplus surged by 341% to N7.55 trillion in Q1 2026, driven by a significant increase in exports and a decline in imports. Crude oil exports remained dominant, while India emerged as the largest export destination.
Nigeria's trade surplus surged by 341% to N7.55 trillion in Q1 2026, driven by a significant increase in exports and a decline in imports. Crude oil remains the dominant export commodity, while India emerged as the largest export destination during this period.
Nigeria recorded a trade surplus of N7.54 trillion in Q1 2026, with imports decreasing by 18% compared to the previous year. Crude oil remained the primary export, valued at N11.2 trillion, while total trade value reached N21.16 trillion.
