Nigeria’s balance of payments surplus dropped to $2.6 billion in the fourth quarter of 2025, according to the Central Bank of Nigeria. The apex bank disclosed this in its latest report, noting that the decline was largely driven by a significant fall in crude oil export earnings during the period.
The report showed that crude oil exports declined by about 20 percent in the quarter, reducing inflows into the country’s external accounts. The Central Bank said the drop reflects weaker oil receipts, which remain a major source of Nigeria’s foreign exchange earnings and external balance.
According to the bank, the balance of payments position is a key indicator of the country’s economic health, as it captures transactions between Nigeria and the rest of the world. It explained that lower export earnings can affect foreign reserves, exchange rate stability, and overall macroeconomic performance.
Also Read: CBN Reports 4.6 Billion Dollar Balance of Payments Surplus in Q3 2025
The Central Bank said efforts are ongoing to strengthen external inflows and diversify revenue sources to reduce dependence on crude oil.
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