Analysts: Trade surplus to narrow as oil prices moderate
✨ AI Summary
Nigeria's record trade surplus is expected to shrink in the second half of 2026, according to a new analyst report. The forecast rests on an expected cooling of global crude oil prices, which would cut into export earnings. Since oil sales dominate the country's trade figures, any drop in prices would show up quickly in the balance.
Nigeria’s record trade surplus is expected to narrow in H2 2026 as analysts predict a moderation in global crude oil prices, according to a new report. Read More: https://punchng.com/analysts-trade-surplus-to-narrow-as-oil-prices-moderate/
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