Nigeria’s foreign trade in the first quarter of 2025 delivered a cautiously optimistic signal for the economy as the country recorded a trade surplus of N5.17 trillion, the highest in almost two years. This came as imports softened and non-oil exports gained fresh momentum.
Figures released by the National Bureau of Statistics (NBS) on Tuesday in its Foreign Trade Report show that total trade stood at N36.02 trillion in the first quarter, representing a 6.2 percent rise year-on-year, though marginally down from the previous quarter.
Of this, exports accounted for N20.6 trillion, a 2.9 percent increase from Q4 2024, while imports dipped by 7 percent to N15.4 trillion.
