Nigeria's Q2 Trade Surges to N41.44 Trillion as Naira Breaks N1,300 Barrier and CBN Reserves Hit 18-Year High

Nigeria's total external trade surged to N41.44 trillion in Q2 2026, a 5.61% increase from the N39.24 trillion recorded a year earlier and a massive 19.13% jump from the preceding quarter. The numbers, released today by the National Bureau of Statistics, show exports dominating at 65.20% of total trade, valued at N27.02 trillion — an 18.77% year-on-year increase that underscores the economy's export-led momentum.

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The Naira matched the optimism,...