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New data from the NBS shows that Nigeria recorded a trade surplus of N7.55 trillion in the first quarter of 2026The bureau’s report also revealed that the value of total exports was higher than that of total importsCrude oil remained Nigeria’s dominant export commodity, contributing the largest share
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The National Bureau of Statistics (NBS) has revealed that Nigeria recorded a trade surplus of N7.55 trillion in the first quarter of 2026, owing to increased exports exceeding imports in the period.
The NBS, in its report titled “Foreign Trade Statistics Q1 2026,” indicates that Nigeria’s total trade volume reached N34.79 trillion during January and March 2026, driven by rising export receipts and a decrease in import value.
Nigeria posts N7.55trn trade surplus in Q1 2026 as exports surge Photo: NBSSource:
