In an update published by The Punch, Nigeria’s trade balance expanded significantly as the country recorded a trade surplus of N12.6 trillion. The surge in export revenues across key sectors outpaced import growth, marking a major milestone in ongoing economic stabilization efforts.
According to reports by Vanguard, “the expanded trade balance highlights a strong recovery in export capacity and foreign exchange inflows.” Meanwhile, coverage by Premium Times noted that “increased non-oil domestic exports contributed substantially to offsetting national import expenses during the review period.”
Echotitbits take:
This massive expansion in trade surplus provides critical macroeconomic relief and strengthens foreign reserves. Stakeholders should closely monitor whether non-oil exports can maintain this momentum to cushion foreign exchange volatility over the next quarter.
Source: The Punch – https://punchng.com/nigerias-trade-surplus-doubles-to-n12-6tn-as-exports-surge/, September 8, 2026
Photo credit: Business Day
