Nigeria’s trade surplus rises 91% to  N7.55trn in Q1’26

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 Foreign Trade in Goods for Q1’26. 
The report showed that total trade fell by 6.48 per cent, YoY to N34.79 trillion in Q1’26 from N37.24 trillion in Q1’25. 
The sharp increase in trade surplus and decline in total trade in Q1’26 was driven by an 18.6 per cent, YoY decline in imports and a 2.77 per cent, YoY increase in exports. 
Accord...