Nigeria’s crude oil exports bring in ₦12.81tn in Q3 2025
Nigeria earned about ₦12.81 trillion from crude oil exports in the third quarter of 2025, according to new data from the National Bureau of Statistics. Oil made up over half of the country’s total exports during this period, highlighting its ongoing importance to the economy. Despite a slight year-on-year dip, crude oil export value increased compared to the previous quarter. The figures show that Nigeria’s export profile is still heavily reliant on petroleum products.
TLDR
- Crude oil exports generated ₦12.81 trillion for Nigeria in Q3 2025, making up 56.14% of total exports.
- Export value dropped by 4.47% from Q3 2024 but rose 7.03% from Q2 2025.
- Total merchandise trade reached ₦38.94 trillion, with exports accounting for 58.59% and a positive trade balance of ₦6.69 trillion.
- India was the top export destination, with other major markets including Spain, France, Netherlands, and Italy.
- Non-oil exports like agriculture and manufacturing declined, showing continued reliance on oil for foreign exchange.
