Nigeria posted a current account surplus of $3.42 billion in the third quarter of 2025, the Central Bank of Nigeria has reported.
The figure declined 41.14 per cent from $5.81 billion in the second quarter.
It also fell below the $5.78 billion surplus recorded in the third quarter of 2024.
Total exports rose to $15.24 billion from $14.90 billion, driven by higher crude oil and refined product shipments.
Crude oil exports increased 10.31 per cent to $8.45 billion, while refined petroleum products surged 44.03 per cent to $2.29 billion.
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Gas exports dropped 30.21 per cent to $2.31 billion, and non-oil exports decreased to $2.19 billion.
Imports climbed to $10.30 billion from $9.61 billion, though refined product imports fell 12.70 per cent to $1.65 billion.
The goods account maintained a $4.94 billion surplus, supported by export growth despite rising imports.
Diaspora remittances held steady at $5.50 billion, offsetting wider deficits in services payments of $4.07 billion and primary income outflows of $2.95 billion.
The financial account shifted to a $0.32 billion surplus, boosting external reserves to $42.77 billion by end-September.
This performance reflects strengthening oil earnings amid ongoing external obligations and reform impacts on Nigeria’s balance of payments position.
