The third party balance of payments report quarter 2025 published by the Central Bank of Nigeria indicates that the country has recorded a current account surplus of $3.42 billion in third quarter of the year, which represents a decrease of 41.14% by compared to the surplus of $5.81 billion recorded in the second quarter 2025.

Nigeria's external position remained surplus in the third quarter of 2025. This increase is supported by the increase in exports of crude oil and refined petroleum products, even if the overall current account balance has fallen sharply compared to levels recorded in the previous quarter, according to the latest data from the Central Bank of Nigeria . This surplus was also less than the 5.78%. billions of dollars recorded during the corresponding period of 2024, underlining the pressure exerted on the country's external reserves despite improving oil-related trade flows.

Exports of refined petroleum products have jumped by 44.03%, from $1.59 billion in the second quarter to $2.29 billion in the third quarter of 2025, an evolution that analysts attribute to the increase in domestic refining activity and to the gradual rise in power of private refineries.

According to the report by The CBN, Nigeria's balance of payments in the third quarter of 2025 “is remained in surplus, supported in large part by the increase in exports of crude oil and refined petroleum products, despite a moderation in overall current account balance compared to the previous quarter.”