Nigeria recorded its highest merchandise trade surplus in history during the first quarter of 2026, driven by a significant increase in refinery output and the impact of global oil market fluctuations. The surge in domestic refining capacity has contributed to enhanced export levels, while the ongoing volatility in oil prices has further bolstered trade revenues. This unprecedented surplus reflects the country's efforts to strengthen its economic position amidst changing global energy dynamics.
Related Articles
Don't miss out on breaking stories and in-depth articles.