started · updated
Nigeria sees surge in non-oil exports and petroleum shipments
Nigeria is experiencing significant shifts in its energy and export sectors. In April 2026, total non-oil export earnings rose to $960 million, up from $770 million previously. Five companies, led by Dangote Fertiliser, accounted for nearly 30 per cent of the top 100 non-oil exporters, with cashew nuts remaining the largest non-oil export at 21.25 per cent of earnings.
In the petroleum sector, seaborne product exports have grown seven-fold since 2023, averaging 561,000 barrels per day in the second quarter of 2026. This surge is largely attributed to the Dangote Petroleum Refinery, which increased its crude distillation capacity to 700,000 barrels per day following maintenance in February 2026.
However, July 2026 data from the NMDPRA shows a decline in domestic petrol supply and consumption. Domestic petrol supply fell by 21 per cent to 25.8 million litres per day, while consumption dropped by 25 per cent to 35.7 million litres per day. This decline in local supply led to a 9 per cent increase in petrol imports, which rose to 19.7 million litres per day. Despite these fluctuations, petrol stock sufficiency improved from 19.7 days in June to 22.4 days in July.
Entities
Central Bank of Nigeria · Dangote Fertiliser · Dangote Group · Dangote Petroleum Refinery · Nigeria · Nigerian Midstream and Downstream Petroleum Regulatory Authority · Robust International Commodities · Tulip Cocoa Processing · U.S. Energy Information Administration · United States Energy Information Administration
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] Petrol imports in Nigeria rose by 9 per cent in July 2026. dmarketforces.com · newscentraltv.com · thewhistler.ng · www.thisdaylive.com · tribuneonlineng.com · +2 more
- [● 3 SOURCES] Nigeria's seaborne petroleum product shipments averaged 561,000 barrels per day in Q2 2026. www.thegallantnews.com.ng · businessday.ng · www.myjoyonline.com
- [● 7 SOURCES] Domestic petrol supply in Nigeria fell by 21 per cent in July 2026 compared to June. dmarketforces.com · newscentraltv.com · thewhistler.ng · www.thisdaylive.com · tribuneonlineng.com · +2 more
- [● 3 SOURCES] Maintenance at the Dangote refinery in February 2026 increased its crude distillation capacity to 700,000 barrels per day. www.thegallantnews.com.ng · businessday.ng · www.myjoyonline.com
- [○ 1 SOURCE] Nigeria's total non-oil export earnings reached $960 million in April 2026. marketnewsng.com
- [● 4 SOURCES] Nigeria's seaborne petroleum product exports have increased seven-fold since 2023. www.thegallantnews.com.ng · businessday.ng · www.myjoyonline.com · orientalnewsng.com
- [○ 1 SOURCE] Dangote Fertiliser was one of five companies accounting for nearly 30 per cent of Nigeria's top 100 non-oil export earnings in April. marketnewsng.com
- [● 7 SOURCES] Daily petrol consumption in Nigeria decreased by 25 per cent in July 2026. dmarketforces.com · newscentraltv.com · thewhistler.ng · www.thisdaylive.com · tribuneonlineng.com · +2 more
- [● 7 SOURCES] Petrol imports in Nigeria increased by 9% in July 2026, rising from 18.1 million to 19.7 million litres per day. dmarketforces.com · newscentraltv.com · thewhistler.ng · www.thisdaylive.com · tribuneonlineng.com · +2 more
- [● 4 SOURCES] Following maintenance completed in February 2026, the Dangote refinery increased its crude oil distillation capacity from 650,000 to 700,000 barrels per day. orientalnewsng.com · www.thegallantnews.com.ng · businessday.ng · www.myjoyonline.com
- [● 6 SOURCES] Nigeria’s petrol stock sufficiency improved from 19.7 days in June to 22.4 days in July 2026. dmarketforces.com · newscentraltv.com · thewhistler.ng · www.thisdaylive.com · tribuneonlineng.com · +1 more
- [● 7 SOURCES] Domestic petrol supply in Nigeria fell by 21% in July 2026, dropping from 32.5 million litres per day to 25.8 million litres per day. dmarketforces.com · newscentraltv.com · thewhistler.ng · www.thisdaylive.com · tribuneonlineng.com · +2 more