Home About the NESG Media Room Events Blog
Research Membership Volunteer Platforms Resources (Nigerian Policies and Summit Reports)

Follow Us:

TW  FB  IN  IG  YT

Research Document: NESG Foreign Trade Alert Q1 2025


Alerts and Uploads

Posted Tue, Jun 17, 2025 8:09 PM

Download Report (18 downloads)

External trade in goods expanded in 2025Q1 (y/y). The value of Nigeria’s external trade in goods increased to N36.0 trillion in 2025Q1 from N33.9 trillion in the corresponding period of 2024. This is partly due to the devaluation of the Naira, which weakened from N1,309.9/US$ in 2024Q1 to N1,521.1/US$ in 2025Q1. However, on a quarterly basis, the external trade value fell slightly from N36.6 trillion recorded in 2024Q4. This performance indicates that the devaluation effect is waning, as the exchange rate was relatively stable in the range of 1,477.7/US$-1,551.4/US$ in 2025Q1. Moreover, the growth of exports outpaced that of imports, resulting in a trade surplus of N5.2 trillion, marking the tenth consecutive quarter of a favourable trade balance position in Nigeria.

Find a report

Quick Links

Say Hello

info@nesgroup.org

Call Us

+234 1 2952849, 2952003

On Location

LAGOS
The Summit House 6, Oba Elegushi Close, off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria

ABUJA
4th Floor, Unity Bank Tower Plot 785, Herbert Macaulay Way, Abuja, Nigeria.

The Nigerian Economic Summit Group is a non-profit, non-partisan private-sector led think tank with a mandate to promote and champion the reform of the Nigerian economy into a modern globally competitive, sustainable, inclusive, open economy.

Quick Links

Email Us

info@nesgroup.org

Call Us

+234 1 2952849, 2952003

Find Us

LAGOS
The Summit House 6, Oba Elegushi Close, off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria

ABUJA
4th Floor, Unity Bank Tower Plot 785, Herbert Macaulay Way, Abuja, Nigeria.

© 2025 Nigeria Economic Summit Group.
All rights reserved.
All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).

2025 © The Nigerian Economic Summit Group.

All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).