Nigeria’s merchandise trade reached N34.8 trillion in the first quarter of 2026, marking a period where exports significantly surpassed imports. This data, released by the National Bureau of Statistics (NBS), highlights a robust performance in the nation’s trade sector at the start of the year.
The positive trade dynamics resulted in a substantial trade surplus of N7.5 trillion for Nigeria. Such a surplus indicates that the country earned considerably more from selling goods internationally than it spent on importing them, signaling a healthy balance in its external trade.
This strong financial outcome was primarily driven by robust crude oil sales. The report from the National Bureau of Statistics underscores the continued importance of the energy sector in shaping Nigeria’s overall trade balance and economic stability.
Source: Premium Times Nigeria | Published: Tue, 09 Jun 2026 07:30:09 GMT
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