Terms of trade improve as the rand price of exported goods and services rises

Nigeria’s trade surplus grew by 340.88 percent quarter-on-quarter (QoQ) to N7.55 trillion in the first quarter of 2026 (Q1’26) from N1.7 trillion in Q4’25.

Nigeria posted its largest merchandise trade surplus on record in the first quarter of 2026, as the twin forces of the Middle East war and...