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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 promotionmanufacturing 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.

Entertainment

Burna Boy makes history as the first male artist to reach No. 1 on Spotify’s Global Music Video Chart.

Ikechukwu Emmanuel

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Nigerian superstar Damini Ogulu, famously known as Burna Boy, has once again etched his name in history, this time by becoming the first male artist to claim the coveted #1 spot on Spotify’s newly launched Global Music Video Chart. This monumental achievement comes courtesy of his electrifying World Cup anthem with pop icon Shakira, ‘Dai Dai.’

‘Dai Dai’ has proven to be an unstoppable force, not only conquering the Spotify chart but also making significant waves on the Billboard Hot 100, where it recently soared to a new peak of #13. Industry experts are already predicting a top 10 entry next week, fueled by the highly anticipated World Cup Final Halftime Show performance by Burna Boy and Shakira this coming Sunday.
The song’s dominance extends far beyond these charts. ‘Dai Dai’ remains the most-streamed music video of 2026 on YouTube, boasting an astonishing half a billion views. It has also reached the pinnacle of the Apple Music Global Songs Charts, solidifying its status as a global phenomenon.

Burna Boy’s incredible success with ‘Dai Dai’ has further cemented his position as a titan of the music industry. He has extended his record as the African artist with the most monthly listeners in Spotify’s history, surpassing an astounding 53 million. Not stopping there, he has also set a new benchmark on YouTube Music, becoming the African artist with the most monthly listeners, exceeding 600 million.
These extraordinary achievements are a testament to Burna Boy’s undeniable talent, global appeal, and the ever-growing influence of Afrobeats on the international music scene. He continues to break barriers and inspire millions, proving that music truly knows no boundaries.

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Entertainment

Cardi B Addresses Maduka Okoye Speculation: “I’m Really Hip Hop’s Britney Spears”.

Ikechukwu Emmanuel

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In the relentless glare of public scrutiny, Grammy-winning artist Cardi B has once again found herself at the center of swirling rumors, this time concerning her burgeoning friendship with Super Eagles goalkeeper Maduka Okoye. Recent public appearances, including a dinner in Venice, ignited speculation about a potential romance, prompting Cardi B to candidly address the incessant public interest in her personal life.

The rapper, known for her unfiltered honesty, voiced her frustration in a widely circulated video, lamenting the disproportionate attention her activities receive compared to those of her peers. She highlighted a perceived double standard, where ordinary facets of her life become subjects of intense public debate, while similar situations involving other celebrities garner little to no interest.

“No cap, I’m really hip hop’s Britney Spears,” Cardi B declared, drawing a parallel to the pop icon who has famously navigated intense media scrutiny throughout her career. She continued, “I got all the tea on these celebrities. I know who’s with who and what’s doing what. But guess what? Nobody reports about it because nobody cares.”

Her exasperation was palpable as she added, “But when it comes to me, I can’t even do anything without people talking about it. This is crazy. You’ve got to take the good with the bad. It is what it is. People pay for this type of talk.”

Cardi B’s comments arrive amidst a crescendo of speculation surrounding her relationship with Okoye. The pair have been observed together on multiple occasions, notably during Paris Fashion Week and their recent rendezvous in Venice, fueling the ever-present social media buzz. Despite the widespread conjecture, neither Cardi B nor Okoye has publicly confirmed any romantic involvement, leaving the nature of their connection open to continued public interpretation and discussion.

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News

Fabian Ruiz Targets 2026 Ballon d’Or After Incredible Trophy-Laden Season.

Ikechukwu Emmanuel

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In a sport often dominated by household names, Paris Saint-Germain’s midfield maestro, Fabian Ruiz, has boldly declared his ambition to claim the coveted Ballon d’Or in 2026. The Spain international, fresh off a truly remarkable season, has articulated a desire that resonates with every professional footballer: to be recognized as the world’s best.

Ruiz, at 30 years old, has enjoyed a sensational campaign that has seen him achieve the pinnacle of both club and international football. Lifting the Champions League trophy with PSG and, even more significantly, securing the World Cup with Spain, has propelled him into conversations previously reserved for a select few. His performances throughout these triumphs have been nothing short of exceptional, showcasing a blend of tactical intelligence, technical prowess, and an uncanny ability to dictate the tempo of a game.

The World Cup, in particular, served as a global stage for Ruiz to demonstrate his undeniable talent. As the tournament progressed, his name began to circulate with increasing frequency among pundits and fans alike as a genuine contender for individual accolades. This growing recognition is a testament to his consistent high-level play and his ability to perform under immense pressure.

When questioned about his aspirations, Ruiz’s response, as reported by Marca, was both humble and resolute: “Who wouldn’t want to win a Ballon d’Or? I’m happy with the season I have had, winning the Champions League and the World Cup. If I’m in the running, it will be an honour.” This statement encapsulates the sentiment of a player who appreciates his current successes while simultaneously striving for even greater heights.

Fabian Ruiz’s declaration injects an exciting narrative into the footballing world. As he continues to perform at an elite level, all eyes will be on whether this gifted midfielder can transform his audacious ambition into reality and etch his name into the annals of football history as a Ballon d’Or winner.

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