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Nigeria merchandise trade rises to ₦41.44tn in Q2 2026
Nigeria's merchandise trade reached approximately ₦41.44 trillion in the second quarter of 2026, marking a 19.13% increase from the first quarter of the year. This growth was driven by exports, which were valued at ₦27.02 trillion, accounting for 65.20% of total trade. Crude oil remained the dominant export commodity at ₦12.91 trillion, though non-crude exports collectively contributed a higher aggregate value of ₦14.10 trillion. Imports for the period were valued at ₦14.42 trillion, resulting in a trade surplus of roughly ₦12.6 trillion.
China continues to be Nigeria's primary import partner. On the institutional front, the Nigeria Customs Service Board (NCSB), chaired by Finance Minister Taiwo Oyedele, recently confirmed the appointment of one Deputy Comptroller-General and five Assistant Comptroller-Generals. The Board also reviewed the Service's revenue performance, noting that collections reached ₦4.30 trillion by the end of June 2026, representing 36.4% of the ₦11.074 trillion annual target. The government has emphasized the need for the Nigeria Customs Service to modernize operations through automation and improved cargo clearance to boost national competitiveness.
Entities
Bashir Adeniyi · China · Constantine Dim · Najeem Akanmu Ogundeyi · National Bureau of Statistics · Nigeria · Nigeria Customs Service · Nigeria Customs Service Board · Taiwo Oyedele
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] Nigeria's total merchandise trade rose to approximately ₦41.44 trillion in the second quarter of 2026. www.iroyinyorubatv.com.ng · dailyreport.ng · dmarketforces.com · investorsking.com · www.thisdaylive.com · +2 more
- [● 6 SOURCES] The Nigeria Customs Service Board approved the appointment of one Deputy Comptroller-General and five Assistant Comptroller-Generals. maritimenig.com · prnigeria.com · economicconfidential.com · pointblanknews.com · thenicheng.com
- [DISPUTED] The Nigeria Customs Service collected ₦4.30 trillion in revenue by the end of June 2026, which is 36.4% of its ₦11.074 trillion annual target. maritimenig.com · prnigeria.com · economicconfidential.com · pointblanknews.com · thenicheng.com · +1 more
- [● 8 SOURCES] Total exports for Q2 2026 were valued at ₦27.02 trillion, accounting for 65.20% of total merchandise trade. dailyreport.ng · dmarketforces.com · investorsking.com · www.thisdaylive.com · dailytrust.com · +2 more
- [● 8 SOURCES] Total imports for Q2 2026 were valued at ₦14.42 trillion. www.iroyinyorubatv.com.ng · dailyreport.ng · investorsking.com · www.thisdaylive.com · dailytrust.com · +2 more
- [● 5 SOURCES] Nigeria recorded a merchandise trade surplus of approximately ₦12.6 trillion in Q2 2026. dailyreport.ng · investorsking.com · www.thisdaylive.com · dailytrust.com · www.iroyinyorubatv.com.ng
- [● 5 SOURCES] China remained Nigeria's largest import partner during the second quarter. www.iroyinyorubatv.com.ng · dailyreport.ng · dailytrust.com · www.worldstagenews.com · dmarketforces.com
- [● 8 SOURCES] Crude oil was the largest single export commodity, valued at ₦12.91 trillion. dailyreport.ng · dmarketforces.com · investorsking.com · www.thisdaylive.com · dailytrust.com · +2 more