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Nigeria’s petrol import bill has dropped significantly in Q1 2026, as Dangote Refinery increased domestic fuel supplyNBS data showed petrol was absent from Nigeria’s top traded products during the period, indicating a shift to DangoteThe reduction is good news for CBN as it has helped cut foreign exchange demand for fuel imports
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The National Bureau of Statistics (NBS) has revealed that Nigeria’s import bill for petrol decreased significantly by N87.401 billion in the first quarter of 2026.
Data obtained from the bureau report titled “Foreign Trade Statistics Q1 2026” showed that the total value for petrol imports fell from N2.271 trillion to N87.401 billion, showing a 96.2 per cent decrease when compared to the similar period in 2025.
NBS data shows petrol is no longer among Nigeria’s top
