Nigeria’s trade with other African countries increased from $7.47 billion in 2024 to $9.02 billion in 2025, according to the latest report by the African Export-Import Bank (Afreximbank).
In its Africa Trade Report 2026, Afreximbank said the growth was driven by government policy reforms, better transport and logistics, and opportunities created by the African Continental Free Trade Area (AfCFTA).
The report noted that Nigeria strengthened its role in African trade through improved trade policies, increased exports, and better infrastructure that made it easier for businesses to trade across the continent.
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Although crude oil remained Nigeria’s biggest export to African countries, the report highlighted growing exports of non-oil products such as chemicals, plastics, rubber products, processed agricultural goods, food items, urea, and cement.
Afreximbank said Nigeria has been taking advantage of the AfCFTA agreement to expand access to African markets and lower trading costs for local exporters.
One major development
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