CBN Reports $4.6bn Balance of Payments Surplus for Q3 2025

Nigeria’s balance of payments swung to a $4.6bn surplus in Q3 2025, driven by stronger export earnings and diaspora remittances.

The Central Bank of Nigeria (CBN) attributed this to gains in trade, secondary income, and financial flows.

The goods trade surplus stood at $4.94bn, fueled by crude oil exports ($8.45bn) and refined petroleum products ($2.29bn).

Diaspora remittances hit $5.24bn, supporting foreign-exchange diversification.

Foreign direct investment rose to $720m, indicating renewed investor confidence.

Nigeria’s external reserves increased to $42.77bn, up from $37.81bn in June 2025.

The surplus reflects Nigeria’s shift from being a net importer to an exporter of refined fuels, driven by domestic refining capacity expansion.

The CBN cited improving external-sector fundamentals, firmer investor confidence, and reforms in the foreign-exchange market and monetary policy.