The Central Bank of Nigeria (CBN) says that the Nigeria recorded an overall Balance of Payments (BOP) surplus of $4.60 billion in the third quarter of 2025, reversing the deficit posted in the preceding quarter.
The CBN, in a statement released on Tuesday, attributed the improvement to a sustained current account surplus, stronger trade performance, resilient remittance inflows, increased financial flows and continued accretion to external reserves.
According to the CBN, the current account closed the quarter with a surplus of $3.42 billion, buoyed largely by improved export earnings and steady diaspora remittances.
It noted that the goods account remained in surplus at $4.94 billion, reflecting higher export receipts during the period.
It disclosed that crude oil exports rose to $8.45 billion, while exports of refined petroleum products jumped by 44 per cent to $2.29 billion, highlighting progress in domestic refining capacity and Nigeria’s gradual shift from being a net importer to a net exporter of refined petroleum products.
“Total goods exports stood at $15.24 billion, while imports of refined petroleum products declined by 12.7 per cent, further strengthening the trade balance.
“Remittance inflows also remained robust, with the secondary income account recording a surplus of $5.50 billion, including $5.24 billion in workers’ remittances from Nigerians in the diaspora.
“The financial account provided additional support to the BOP position, as Nigeria recorded a net lending position of $0.32 billion. Foreign direct investment inflows increased to $0.72 billion, while portfolio investment inflows remained strong at $2.51 billion, reflecting improved investor confidence and sustained non-resident participation in domestic financial instruments,” the statement said.
GIK/APA