Mixed Foreign Trade Performance as Imported Refined Oil Dip
During the week, the National Bureau of Statistics published the Nigeria Foreign Trade data for Q3-2025. According to the data, the Nigeria balance of trade in Q3-2025 fell by 10.4%q/q but rose by 27.3% y/y to ₦6.7 trillion, compared to ₦7.5 trillion in Q2-2025 and ₦5.3 trillion in Q3-2024. Although the trade surplus moderated from Q2-2025, the trade balance however remained in expansion territory as exports outpaced imports…
Bumper Food Harvest, Stable FX and Base-Year Effect to Sustain Headline Deceleration in November
In the week ahead, the National Bureau of Statistics (NBS will publish the Consumer Price Index (CPI) for the month of November 2025. The CPI shows the direction of movement (up or down) of the general price level (inflation rate) in the country.
As such, we conducted a pre-CPI report analysis, our findings suggest that….
