Nigeria’s petrol exports surge sixfold, near N1tn
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’ Read More:…
In the first half of 2026, Nigeria's petrol exports surged sixfold, reaching a total of N998.50bn, according to the National Bureau of Statistics. Analysts attribute this growth to the expansion of the Dangote Petroleum Refinery and the disruption caused by the Iran war. The refinery's output of Premium Motor Spirit (PMS) contributed significantly to this export surge, with N546.02bn earned from PMS alone in the second quarter of 2026.
This marked a sharp contrast to the previous year, when PMS did not rank among the top exports but instead appeared among the top imports.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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