From red ink to black gold: Nigeria flipped the script on its balance of payments, posting a massive $4.60 billion surplus in Q3 2025 after a prior deficit—fueled by trade wins, diaspora cash, and investor love.
The Central Bank of Nigeria dropped the good news today, crediting a $3.42 billion current account surplus. Goods exports hit $15.24 billion, with crude oil at $8.45 billion and refined products jumping 44% to $2.29 billion—proof local refineries are turning Nigeria into a net exporter. Imports of refined fuel dipped 12.7%, while remittances poured in at $5.24 billion, pushing secondary income to $5.50 billion surplus.
Financial flows shone too: $0.72 billion FDI, $2.51 billion portfolio inflows, and a net lending of $0.32 billion. External reserves swelled to $42.77 billion from $37.81 billion, bulking up buffers.
CBN hailed it as “strengthening external sector fundamentals” thanks to FX reforms, tight monetary policy, and energy gains—signaling firmer investor confidence ahead.
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