Trade surplus jumps 341% to N7.55tn – NBS

Nigeria experienced a significant economic shift during the first quarter of 2026, with the national trade surplus climbing by 341 percent to reach N7.55 trillion. According to the latest data released by the National Bureau of Statistics, this substantial growth was primarily fueled by a robust expansion in export activities alongside a strategic contraction in import volumes. The figures highlight a strengthening of the country's external trade position during the initial three months of the year. Analysts view this surge as a notable indicator of changing trade dynamics within the domestic economy. The report provides a detailed breakdown of the factors contributing to this favorable balance of trade, reflecting broader trends in the nation's commercial sector.

This massive increase in trade surplus signals a major improvement in Nigeria's balance of payments, which could have significant implications for the country's currency stability and overall economic policy.