The Central Bank of Nigeria says the country recorded a balance of payments surplus of 4.6 billion dollars in the third quarter of 2025. In its provisional report, the apex bank said the surplus reflected improved external sector performance during the period.
The CBN said Nigeria’s external reserves rose to 42.77 billion dollars at the end of September 2025, up from 37.81 billion dollars in June. It also reported a current account surplus of 3.42 billion dollars, supported mainly by higher crude oil and refined petroleum exports.
According to the bank, crude oil exports increased to 8.45 billion dollars, while refined petroleum exports rose to 2.29 billion dollars, alongside a decline in refined fuel imports to 1.65 billion dollars. The CBN added that the goods account recorded a surplus of 4.94 billion dollars, driven by export growth.
Also Read: Nigeria’s Oil Exports Rose By 60.8% In Q3 Of 2023
The report noted that diaspora remittances fell slightly to 5.24 billion dollars in the third quarter, down from 5.30 billion dollars in the previous quarter. The CBN also said the financial account posted a net lending position of 0.32 billion dollars, reflecting increased reserve accumulation and higher foreign direct investment inflows.
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