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Datanomics
@Datanomics
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Nigeria's Trade Surges to N41.44 Trillion with Record Surplus in Q2 2026 Nigeria's merchandise trade hit N41.44 trillion in the second quarter of 2026, up 5.61 percent from Q2 2025 and 19.13 percent from Q1, with exports at N27.02 trillion and imports at N14.42 trillion. This created a N12.59 trillion surplus, fueled by non-crude products like refined petroleum, jet fuel, natural gas, and urea reaching N14.11 trillion versus N12.91 trillion for crude. Government officials hailed the results as proof of President Tinubu's reforms, while skeptics noted ongoing issues like food prices and the naira's value. Top export destinations included India, Spain, and the Netherlands, with minerals still dominating over 87 percent of exports.
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