International trade consultant and maritime expert Okey IBEKE has welcomed a reported rise in Nigeria's exports to China under Beijing's new zero-tariff policy, but warned the Federal Government not to measure the initiative's success by raw commodity export growth alone. According to Vanguard, Chinese Ambassador Yu Dunhai disclosed details of the policy at an international seminar in Abuja. IBEKE cautioned that the arrangement could deepen Nigeria's trade imbalance with China if exports remain dominated by unprocessed goods.

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.

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.

According to Punch, Nigeria has become a leading exporter of solar modules to the United States, responding to new trade regulations aimed at China. This development highlights Nigeria's growing role in the global clean energy market.

Senator Oshiomhole has proposed a concept he refers to as a ‘balance of madness’ in Nigeria’s foreign policy to address ongoing xenophobic attacks against Nigerians in South Africa. This proposal aims to counter the persistent violence and discrimination faced by Nigerians abroad, particularly in South Africa.

Nigeria plans to draw lessons from China on transforming its tourism sector, according to Dr Ola Awakan, Director General of the Nigerian Tourism Development Authority. Speaking at a seminar on China's tourism development experience organised by the Chinese embassy in Abuja on Tuesday, Awakan highlighted China's remarkable transformation of its tourism industry as a model Nigeria aims to study and adapt for its own sector expansion.