By Babajide Komolafe Nigeria’s total export earnings rose by 23.7 per cent year-on-year, YoY to $35.64 billion in the first half of 2026 (H1’26), from $28.82 billion in the corresponding period of 2025, driven largely by a surge in petroleum products exports. Analysis of data from the quarterly statistical bulletin, of…

…oil producer, was expected to benefit from higher international prices through increased export earnings and government oil receipts. The nation’s flagship crude oil grade, Bonny Light, rose by about 76.75 per cent from an average of $70.14 per barrel before the United States-Iran war to $123.97 per barrel in a dated p…

…pressure on household budgets.While rising crude prices could improve Nigeria's oil export earnings, consumers remain exposed to higher domestic fuel costs.For now, attention will remain on Dangote Refinery and petroleum depot operators as marketers assess whether the latest crude rally will translate into another incr…

…gas resources to power industries, improve electricity supply, create jobs and boost export earnings. He said his Nigeria First policy must translate into more contracts for capable Nigerian firms, greater use of locally manufactured equipment and more skilled jobs for Nigerians. He encouraged the international oil com…

…but to make the domestic market competitive enough to attract supply while preserving export earnings,” he said. According to Essien, Nigeria’s problem was largely one of infrastructure, market structure and commercial incentives. “The Domestic Gas Delivery Obligation, DGDO, requires producers to supply the local marke…

…the NESG warned that crude oil theft continued to deprive Nigeria of substantial export earnings and foreign exchange, with losses at certain periods reaching hundreds of thousands of barrels daily. It said insecurity around oil installations had constrained production growth, discouraged investment and increased infra…

…in promoting Nigeria’s non-oil exports, including the country’s record non-oil export earnings of about $6.1 billion in 2025, representing an increase from $5.46 billion recorded in 2024. She said 281 products were exported to 120 countries during the period. Ayeni also disclosed that the Council conducted 728 training…

…government, cheaper crude carries its own risks. Lower oil prices typically shrink export earnings and reduce the foreign exchange inflows that the country relies on to support public spending. Marketers release new ratesMeanwhile, on Tuesday, August 4, depots across Nigeria made little changes to their petrol prices a…

…profits into foreign currencies.According to market analysts, countries with strong export earnings, healthy foreign exchange reserves and prudent monetary policies are better positioned to maintain currency stability even during periods of global economic uncertainty.Kenya, Zambia show signs of resilienceA recent Reut…

By Ediri Ejoh The Federal Government’s (FG) crude oil export earnings fell 14.41 percent to $31.54 billion in 2025 from $36.85 billion recorded in the corresponding period of 2024. The drop was attributed to lower international crude oil prices arising from a global supply glut in the review period. The Central Bank of…

…LPG production, provide feedstock for fertilizer and petrochemical industries, generate export earnings through LNG, increase government tax and royalty collections, and earn carbon credits under international markets. “As a conservative estimate, Nigeria is likely foregoing between $18 million and $28 million every da…

…offers an opportunity to expand the monetisation of its vast gas reserves, increase export earnings and strengthen its position as a major supplier in the emerging African gas market. With the signing of the intergovernmental agreement by ECOWAS member states, the project has now moved beyond its initial political and…

…oil production performance in more than six years, raising expectations of higher export earnings, stronger foreign exchange inflows and improved government revenues if current price levels are sustained. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria’s average daily…