Nigeria’s Trade Surplus Surges 220% to $480 Million in January

Nigeria posted a $480 million trade surplus in January 2026, up 220% from December’s $150 million, according to the Central Bank of Nigeria. Export receipts climbed 4.5% to $4.68 billion, led by petroleum products. Oil and gas made up 83.1% of total exports, while non-oil earnings fell 5.9% to $800 million amid lower cocoa prices. Import bills rose 3.0% to $4.77 billion, with non-oil goods accounting for 86.4%. Crude oil export earnings reached $2.47 billion on higher average prices, and gas exports increased to $750 million.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.