Nigeria’s refined petroleum exports surge 148% YoY to $3.94 billion in Q2 2026
Nigeria’s refined petroleum product exports rose to $3.94 billion in the second quarter of 2026, up 148% from $1.59 billion recorded in the corresponding period of 2025, as the country’s refining sector continued to expand. The post Nigeria’s refined petroleum exports surge 148% YoY to $3.94 billion in Q2 2026 appeared first on Nairametrics .
In the second quarter of 2026, Nigeria's refined petroleum product exports reached $3.94 billion, marking an impressive 148% increase year-on-year. This surge in exports is primarily attributed to the booming refining sector, with the Dangote Petroleum Refinery playing a pivotal role in the expansion. The figures represent a significant rise of $2.35 billion compared to the same period in 2025, when exports were valued at $1.59 billion.
Furthermore, the export performance showcased a 66.2% increase from $2.37 billion recorded in the first quarter of 2026, indicating stronger export numbers in the three months ending June. Notably, domestic crude oil and condensate supply to local refineries reached a record 53.7 million barrels in Q2 2026, with Dangote Petroleum Refinery providing the bulk of the crude offered to domestic refiners.
The shift in refined petroleum exports to a larger share of Nigeria's energy exports to the UK suggests a growing role for domestic refining in the country's export earnings, alongside a notable reduction in Nigeria's petrol import bill to N87.40 billion in Q1 2026, down from N2.27 trillion in the same period last year.
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