Business News
NBS Report: Nigeria logs ₦22.8tn in exports, ₦16.1tn in imports in Q3 2025
Nigeria posted a trade surplus of ₦6.69 trillion in the third quarter of 2025, according to new data released by the National Bureau of Statistics (NBS).
Although positive, the surplus marks a 10.36% decline from the ₦7.4 trillion recorded in Q2 2025, reflecting weaker margins between exports and imports within the period.
The latest Foreign Trade in Goods report shows that Nigeria’s total exports in Q3 stood at ₦22.81 trillion, while imports amounted to ₦16.12 trillion, bringing total trade to ₦38.93 trillion.
Compared to the same quarter in 2024, total trade increased by 8.71%, and by 2.36% when placed side-by-side with Q2 2025.
NBS data indicates that crude oil remained the backbone of Nigeria’s export earnings, contributing ₦12.8 trillion, which amounts to 56.14% of total exports. Non-crude exports were valued at ₦10 trillion, while non-oil products accounted for ₦2.99 trillion, or 13.14% of the country’s total export value.
On the import side, “mineral fuels” topped Nigeria’s import bill with ₦5.15 trillion (31.97%), followed by machinery and transport equipment at ₦4.25 trillion (26.36%), and chemicals & related products with ₦2.34 trillion (14.56%).
India maintained its position as Nigeria’s top export destination in Q3 2025, purchasing goods valued at ₦2.26 trillion (9.90%). Spain, France, the Netherlands and Italy followed closely, bringing the total share of Nigeria’s top five export partners to 38.34%.
Meanwhile, China retained its dominance in Nigeria’s import market, accounting for ₦4.78 trillion, or 29.68% of total imports. The United States came next with ₦3.21 trillion (19.96%), followed by India, the United Arab Emirates and Belgium.
The Q3 trade numbers highlight both Nigeria’s heavy dependence on crude oil exports and its continued reliance on foreign imports for machinery, fuel products and industrial chemicals, factors that continue to shape the country’s trade balance despite global market fluctuations.
Follow Us on Google Discover
Gombe 2027: PDP aspirant withdraws court case, backs Pantami
Arabic Education should be integrated into national curriculum – Gov. Bala Mohammed
Obi/Kwankwaso ticket cannot win 2027 elections, NDC lone senator, Hanga says as he plots defection to APC
UNICAL moves to curb exam fraud, sacks eight staff, penalizes one
TCN announces power blackout in Yobe, Bauchi, Gombe, three other Northern states
Police nab eight suspected cultists over alleged assault on Bayelsa Varsity student
Tems makes history as first African female artist with US Diamond-certified single
Imo now one-party state, our people have decided to re-elect Tinubu in 2027, Says Uzodimma
Court sentences two men to death by hanging for raping, murdering 17-year-old girl in Anambra
Trump criticises Tuchel’s tactics after England’s World Cup exit to Argentina
NBA Presidential Poll: Badejo-Okusanya leads as voting continues after cyberattack delay
APC crisis deepens as Aiyedatiwa’s loyalists sue party, INEC over Ondo primaries
NUJ FCT Chairman Grace Ike wins Beacon of Education Award, pledges support for children with special needs
5.0-magnitude quake rocks Southeastern Turkey
Nigerians, foreign nationals nabbed over illegal mining in Nasarawa
8 Public assets named after Tinubu since becoming president (Full List)
JUST IN: Three face trial over Oyo schoolchildren, teachers’ abduction
Ex-President Goodluck Jonathan’s son bags degree in UK
Supreme Court directs final forfeiture of Emefiele’s properties
Court sentences two men to death by hanging for raping, murdering 17-year-old girl in Anambra
FG renames Lagos-Calabar Coastal Highway after President Tinubu
TCN announces power blackout in Yobe, Bauchi, Gombe, three other Northern states
Yobe approves ₦460.8m support for Akara sellers, Women petty traders
APC crisis deepens as Aiyedatiwa’s loyalists sue party, INEC over Ondo primaries
Bauchi 2027: APC picks ex-Bala Mohammed campaign DG Faruk Mustapha as Deputy Gov candidate
BREAKING: Andy Burnham confirmed as UK Labour leader
Court dismisses suit seeking INEC recognition of Turaki-led PDP interim NWC
Imo now one-party state, our people have decided to re-elect Tinubu in 2027, Says Uzodimma
BREAKING: Mary Habila’s father petitions IGP, demands release of daughter’s body for burial
