•Crude oil exports decline 14.41% to $31.54bn
•Foreign portfolio investments down 48.3% to $8.04
•Current account surplus falls 26%
By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan
Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded in 2024.
Provisional data from the Central Bank of Nigeria (CBN) reveals a complex economic landscape where a sharp decline in crude oil earnings and a massive retreat in foreign portfolio investments outweighed the gains made in gas exports and the emergence of the Dangote Refinery as a major exporter of refined petroleum products.
Oil earnings slump, gas/ refined products rally
The Current Account, which represents the net of the country’s trade in goods and services, remained in surplus but saw a significant contraction. The surplus fell by 26.2 per cent to $14.04 billion in 2025,
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