Nigeria Now Ships Seven Times More Fuel Than It Did Three Years Ago
Seaborne shipments of refined products from Nigeria rose from 79,000 barrels a day in 2023 to 561,000 in the second quarter of 2026. The post Nigeria Now Ships Seven Times More Fuel Than It Did Three Years Ago appeared first on The Rio Times .
Nigeria's seaborne shipments of petroleum products have surged sevenfold since 2023, according to figures published by the US Energy Information Administration on 24 August 2026. In the second quarter of 2026, exports rose from 46,000 barrels a day to 350,000, while shipments to Europe jumped from 15,000 barrels a day to 130,000 during the same period.
Seaborne imports into Nigeria dropped sharply from around 400,000 barrels a day to under 130,000. Domestic movements increased significantly, with shipments between Nigerian ports rising to 211,000 barrels a day from 33,000 in 2023. These changes are mainly attributed to the Dangote refinery, which began operation in January 2024 and expanded in February 2026, increasing its crude distillation capacity from 650,000 to 700,000 barrels a day.
The Dangote refinery now supplies over 90% of Nigeria's petrol, but the lower fuel prices at home remain a challenge. Despite the export boom, Nigeria still imports some product and exports crude, indicating a structural shift rather than a complete transformation.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
