Nigeria’s petrol exports approach N1tn in six months
Nigeria earned N998.50bn from petrol exports during the first half of 2026, according to the supplied report. Analysts attributed the sharp increase to the Dangote Petroleum Refinery’s ramp-up and the war in Iran, which altered the position of petrol in Nigeria’s trade profile.
Nigeria earned N998.50bn from petrol exports in the first six months of 2026, according to the National Bureau of Statistics data cited by Punch Nigeria. The exports were identified as motor spirit (ordinary), also known as Premium Motor Spirit or petrol. The reported value places the commodity close to the N1tn mark for the period.
Analysts quoted in the supplied material said the increase was linked partly to the ramp-up of the Dangote Petroleum Refinery. The refinery’s operations were presented as a factor in the change in petrol’s role in Nigeria’s external trade. They also pointed to the war in Iran as a factor affecting the commodity’s position.
According to the report, petrol had previously been one of the country’s largest import items but has now become one of its leading exports. The supplied material does not provide a comparison with the corresponding period in an earlier year, details of export destinations, or a breakdown of the refinery’s contribution. It identifies the National Bureau of Statistics as the source of the earnings figure and attributes the explanation for the increase to analysts.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.