Nigeria has earned billions of naira in oil windfall over the past six months due to disruptions in the global oil market caused by the prolonged US-Iran war, according to a Daily Trust report. While no public record exists of the exact amount, Daily Trust analysis estimates Nigeria might have grossed about N5 trillion since the war began in late February 2026. At the peak of the war, Brent crude traded above $115 per barrel in April. The report notes that while rising crude prices strengthen government revenues and foreign-exchange earnings, they also push up fuel, transport, and food costs for households.
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