Nigeria’s current account surplus declined sharply in the third quarter of 2025, dropping by 41.14 per cent to $3.42 billion from $5.81 billion in the second quarter, according to the Central Bank of Nigeria’s (CBN) latest Balance of Payments data. This outcome also trails the $5.78 billion surplus recorded in the same period last year.
The current account which measures trade in goods and services, investment income, and transfers remained in surplus but weakened as higher import payments and external obligations offset export earnings.
Despite the downturn in the current account, Nigeria’s overall Balance of Payments position remained positive in Q3 2025, supported by financial inflows and strengthening external reserves.