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Nigeria’s petrol exports surge sixfold, near N1tn

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Nigeria’s petrol exports surge sixfold, near N1tn

25 Sep, 2026

Nigeria earned N998.50bn from petrol exports, known as motor spirit (ordinary) or Premium Motor Spirit, in the first six months of 2026. Analysts say the Dangote Petroleum Refinery’s ramp-up and the war in Iran turned a commodity that once topped the import bill into one of the country’s leading exports. The National Bureau of Statistics’ trade statistics report, released in the second quarter of 2026, showed that N621.72bn of earnings came from African trading partners...........................READ MORE