Nigeria records 101% trade surplus in Q2
The National Bureau of Statistics (NBS) has stated that Nigeria recorded a trade surplus of N12.59trn from the total N41.44trn trade with other countries conducted in the second quarter of 2026. The NBS, in its Foreign Trade report, stated that the surplus represented a 101.32% increase compared with the value recorded in the corresponding quarter […]
Nigeria reported a staggering 101% trade surplus in the second quarter of 2026, according to the National Bureau of Statistics (NBS). The trade surplus, valued at an impressive N12.59 trillion, marked a significant increase from the previous year's corresponding quarter. The NBS attributed this surge to a 5.61% rise in Nigeria's total merchandise trade, which reached N41.44 trillion in Q2 2026. This represented a 19.13% increase from Q1 2026, when imports stood at N34.78 trillion.
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