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.

The Nigerian Export Promotion Council (NEPC) is working to enhance Kwara State's role in Nigeria's non-oil export sector by focusing on developing export clusters for cashew, sesame seeds, and soya beans. This initiative was discussed during a stakeholders' consultative meeting in Ilorin, involving government officials, farmers, and exporters.

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.

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.

Nigeria's economy grew by 4.43 per cent in the second quarter of 2026, according to the National Bureau of Statistics. The expansion, reported by Premium Times, was supported by improved performances in both the oil and non-oil sectors. However, industrial growth slowed compared with the same period a year earlier, indicating mixed momentum across sectors of Africa's most populous economy.

According to Nairametrics, Nigeria’s petrol import bill rose sharply in the second quarter of 2026, reaching N952.15 billion. The outlet said the figure represents a 989.4% quarter-on-quarter increase from N87.40 billion in the first quarter. The report highlights a major rise in spending on imported petrol within Africa’s largest oil producer, based on the publication’s quarterly comparison of import costs.