Nigeria’s trade surplus rises 340% to N7.5 trn

Nigeria has experienced a dramatic increase in its trade surplus, reporting a 340.88 percent quarter-on-quarter growth. In the first quarter of 2026, the surplus reached N7.5 trillion, a substantial leap from the N1.7 trillion recorded in the fourth quarter of 2025. This sharp rise signifies a significant positive shift in the nation's balance of trade.

The surge in the trade surplus suggests that Nigeria's exports have significantly outperformed its imports during the specified period. While the article does not detail the specific goods or services driving this change, such a substantial increase typically reflects strong performance in key export sectors or a notable reduction in import expenditure.

This development is a key indicator of Nigeria's economic performance, reflecting an improved position in international trade. Further analysis would be needed to understand the underlying factors contributing to this growth, such as commodity prices, trade policies, or global demand for Nigerian products.