May 22, 2026
By Elizabeth Adegbesan
Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 percent increase in export receipts to a record $4.68 billion, largely fueled by petroleum products.
This represents a 220 percent month-on-month (MoM) increase in trade surplus when compared to$150 million recorded in December 2025.
The Central Bank of Nigeria, CBN, disclosed this in its January Monthly Economic Report, noting that while export earnings rose import bills also increased by 3.0 percent to $4.77 billion, with oil and gas products accounting for 83.12 percent of total export receipts.
