Nigeria's leading agricultural export products in the second quarter of 2026 were dominated by cashew nuts, cocoa beans and sesame seeds, according to Nairametrics. The top 10 agricultural export products generated a combined N747.54 billion during the period. The report ranks the country's most exported farm commodities for the quarter, highlighting the continued importance of cash crops such as cashew, cocoa and sesame to Nigeria's export earnings.

Industry experts say Nigeria's ability to sustain the N12.91 trillion in crude oil export earnings recorded in the second quarter of 2026 depends on maintaining stability in the Niger Delta, protecting oil infrastructure and ensuring uninterrupted production. The figures come from foreign trade statistics released by the National Bureau of Statistics on Monday, according to Daily Trust.

Nigeria has reiterated its commitment to enhancing land rights and forest conservation during a high-level international climate meeting. This comes as various governments announced new commitments and funding initiatives aimed at accelerating efforts to stop deforestation and restore degraded landscapes by the year 2030, according to Premium Times Business.

Nigeria's total merchandise trade reached N41.44 trillion in the second quarter of 2026, driven largely by crude oil and petroleum exports, according to the National Bureau of Statistics. The NBS said the country's trade surplus doubled to N12.60 trillion, while non-oil products remained stuck at 13.8 per cent of exports. Agricultural exports fell sharply by 36 per cent during the period, highlighting continued reliance on oil despite efforts to diversify the economy.

A new report cited by Punch warns that Nigeria's oil revenue could fall by more than 60 percent starting from 2030, driven by declining global demand for crude oil. According to the report, such a sharp drop would expose Africa's largest oil producer to significant fiscal and economic instability, given the country's heavy reliance on petroleum earnings for government revenue and foreign exchange.

The European Bank for Reconstruction and Development (EBRD) plans to invest $1.5 billion in Nigeria over the next three years. According to the managing director, these investments aim to facilitate trading activities by providing easier access to pre-import and post-export financing for importers and exporters in the country.