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Nigeria Sustains Positive Trade Balance, Records N6.69 Trillion Surplus in Q3 2025

Phinadon Mag

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Quick Summary:
Nigeria records a N6.69 trillion trade surplus in Q3 2025, driven by strong crude and non-oil exports, signaling resilience in external trade performance.

Nigeria’s external trade sector has continued to demonstrate remarkable resilience, maintaining a positive trade balance for yet another quarter.

According to the National Bureau of Statistics (NBS), the country recorded a trade surplus of N6.69 trillion in the third quarter (Q3) of 2025, underscoring the strength of its export-driven economy.

The total value of merchandise trade for the quarter rose to N38.9 trillion, representing an 8.71% increase compared to the same period in 2024.

This performance highlights Nigeria’s growing export capacity and its ability to sustain foreign exchange inflows amid ongoing fiscal and monetary reforms.

Key Drivers and Trade Dynamics

The positive trade balance was largely supported by robust export performance, particularly in the crude oil and non-oil segments.

Export Overview
  • Total Exports: N22.81 trillion, accounting for 58.59% of total trade.
  • Crude Oil Exports: N12.81 trillion, representing 56.14% of total exports.
  • Non-Oil Exports: N10.01 trillion, reflecting growing diversification in Nigeria’s export base.

Despite the strong performance, the Q3 2025 surplus represents a 10.36% decline from the N7.46 trillion recorded in Q2 2025. The dip was attributed to a faster rise in imports relative to exports.

Import Overview

Imports for the quarter stood at N16.12 trillion, driven by increased demand for manufactured goods, machinery, and raw materials.

Major Trade Partners

Nigeria’s trade relationships remained consistent with established global patterns.

Top Export Destinations
  • India
  • Spain
  • France
  • The Netherlands
Leading Import Sources
  • China (maintaining its position as Nigeria’s largest import partner)

These trade flows reflect Nigeria’s strategic integration into global supply chains, particularly in the energy and manufacturing sectors.

Economic Implications

The sustained trade surplus provides a vital cushion for Nigeria’s foreign reserves and supports the government’s fiscal stability efforts.

Analysts note that the positive balance contributes to:

  • Improved foreign exchange liquidity
  • Enhanced investor confidence
  • Support for ongoing economic reforms

However, the rising import bill underscores the need for domestic production expansion and industrial diversification to reduce external dependency.

Outlook for Q4 2025

With global oil prices stabilizing and non-oil exports gaining traction, Nigeria’s trade outlook for the final quarter of 2025 remains cautiously optimistic.

The government’s continued focus on export promotion, manufacturing incentives, and infrastructure development is expected to sustain trade growth and strengthen the Naira’s position in the medium term.

Phinadon Magazine’s Business Insight

Nigeria’s N6.69 trillion trade surplus in Q3 2025 reaffirms the country’s resilience in global trade despite inflationary pressures and currency fluctuations.

The data signals renewed economic momentum, positioning Nigeria as a key player in Africa’s export landscape and a critical hub for regional commerce.

Phinadon Magazine Business Insider will continue to track the nation’s trade performance and its implications for economic policy and investment trends.

News

Police arrest Bauchi man accused of poisoning motorcyclist and stealing his bike.

Ikechukwu Emmanuel

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Operatives of the Bauchi State Police Command have arrested a 27-year-old man, Isiyaka Badamasi, for allegedly poisoning a commercial motorcyclist in an attempt to steal his motorcycle.

According to a statement issued on Thursday by the command’s spokesperson, SP Nafiu Habib, Badamasi and his alleged accomplice, Ma’aruf Sani, reportedly offered a 21-year-old motorcyclist a sweet containing a harmful substance. The victim, who resides in the Yelwa Tudun area of Bauchi, allegedly became intoxicated after consuming it.

The suspects were said to have attempted to dispossess him of his Bajaj Boxer motorcycle. However, the victim raised an alarm after sensing danger, attracting members of the public who apprehended Badamasi. Sani, both of whose residents are reportedly from Na’ibawa in Kano State, escaped and is currently the subject of a police manhunt.

The victim was taken to Gamuwa Primary Health Care Centre, where he remains on admission and is responding to treatment.

The Commissioner of Police, Sani-Omolori Aliyu, has ordered the transfer of the case to the State Criminal Investigation Department for further investigation. The command also urged residents to remain vigilant and reaffirmed its commitment to protecting lives and property across the state.

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Entertainment

Lojay: My uncle told me I would never succeed in music.

Ikechukwu Emmanuel

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Nigerian singer Lojay has revealed that he faced significant opposition when he decided to pursue a career in music, including doubts from members of his family.

Speaking during a recent livestream with content creator Gilmore, the “Monalisa” hitmaker recalled that one of his wealthy and influential uncles, who is now involved in politics, told him he would never succeed in the music industry.

“I have an uncle who is now in politics. I won’t mention his name, but he is very rich and popular. When I wanted to start music, he told me I would never blow,” Lojay said.

Despite the discouragement, the singer remained committed to his ambition and used the criticism as motivation. He expressed satisfaction that his perseverance had eventually produced positive results.

Lojay also encouraged his fans to remain confident in their dreams and avoid allowing negative opinions to define their ambitions.

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News

Benue Police Deny Withdrawal of Mobile Personnel from Ayilamo.

Ikechukwu Emmanuel

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The Nigeria Police Command in Benue State has dismissed reports alleging that Mobile Police personnel were withdrawn from Ayilamo community in Logo Local Government Area.

In a statement issued by the Command’s spokesperson, DSP Orchia Aondogwu, the report was described as unfounded and baseless. He stated that Mobile Police personnel remained deployed in Ayilamo alongside the Divisional Police team and other tactical units.

Aondogwu also said additional military personnel had been deployed to reinforce security in the area, urging the public to disregard the report.

However, the traditional ruler of Ayilamo, Mue Ter, Chief Torkoer Samuel, contradicted the police account. He claimed that the Mobile Police personnel left the community on Wednesday with their equipment and Armoured Personnel Carriers.

The conflicting accounts have raised questions about the current security situation in Ayilamo and the extent of military presence in the community.

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