Nigeria's total merchandise trade reached N41.44 trillion in the second quarter of 2026, according to Nairametrics. This represents a 5.61% increase compared to the N39.24 trillion recorded in the same period of 2025, indicating growth in the country's external trade activity year on year. The figures cover total merchandise trade for the quarter, reflecting both import and export transactions during the period under review.

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.

Nigeria recorded a trade surplus of N12.59 trillion in the second quarter of 2026, according to the National Bureau of Statistics. The NBS said total foreign trade with other countries reached N41.44 trillion during the period, with the surplus representing a 101.32% increase compared with the same quarter a year earlier. The figures come from the bureau’s Foreign Trade report and point to stronger export earnings relative to imports, though the blurb does not provide sector breakdowns.

Poland's Ambassador to Nigeria, Michal Cygan, has said Nigeria's target of building a one trillion dollar economy mirrors the path of reforms Poland undertook over four decades. Speaking in an interview with Vanguard, Cygan highlighted educational ties between the two countries, noting that Nigerian students are enrolled in Polish institutions across fields including medicine, engineering, polytechnics, and other specialized areas, according to the ambassador.

In 2025, Nigeria experienced a 21% increase in intra-African trade, reaching a total of $9.02 billion. This growth is attributed to the ongoing implementation of the African Continental Free Trade Area (AfCFTA), which has facilitated new export opportunities and enhanced regional commercial integration by allowing businesses to benefit from preferential market access and reduced trade barriers, according to the latest African Trade Report.

Nigeria aims to raise its tax-to-GDP ratio from about 10 percent in 2023, among the lowest globally, toward 18 percent within a few years, according to government figures. However, an analysis by Nairametrics argues that taxation alone cannot deliver the country's ambition of a trillion-dollar economy, suggesting that broader economic growth and structural reforms are needed alongside higher revenue collection.