Nigeria’s petrol exports surge sixfold, near N1tn

The Punch | 25-09-2026 03:00am |

Nigeria earned N998.50 billion from petrol exports, known as motor spirit (ordinary) or Premium Motor Spirit, in the first six months of 2026. Analysts attribute the surge to the Dangote Petroleum Refinery's ramp-up and the war in Iran, which turned a commodity that once topped the import bill into one of the country's leading exports. The National Bureau of Statistics provided the data.

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