Nigeria spent N952.15bn on fuel imports in the second quarter of 2026, according to Punch, despite the country's growing domestic refining capacity. The spending comes amid an ongoing feud between Dangote Refinery and fuel importers. The figure highlights continued reliance on imported petroleum products even as local refining operations expand, raising questions about the impact of the dispute between Africa's largest refinery and import marketers on the nation's fuel supply and costs.

Nigeria's total merchandise trade reached N41.44 trillion in the second quarter of 2026, according to Nairametrics. This represents a 5.61% increase compared to the N39.24 trillion recorded in the same period of 2025, indicating growth in the country's external trade activity year on year. The figures cover total merchandise trade for the quarter, reflecting both import and export transactions during the period under review.

Nigerian marketers have confirmed that they have received new fuel import licences from the Federal Government for the third quarter of 2026. This development is expected to ensure a stable supply of petroleum products across the nation.

Nigeria's economy grew by 4.43 per cent in the second quarter of 2026, according to the National Bureau of Statistics. The expansion, reported by Premium Times, was supported by improved performances in both the oil and non-oil sectors. However, industrial growth slowed compared with the same period a year earlier, indicating mixed momentum across sectors of Africa's most populous economy.

Dangote Petroleum Refinery exported 466,000 metric tonnes of jet fuel to Europe in June, valued at N757 billion, according to Punch. This achievement surpasses shipments from the United States, positioning Nigeria as a significant player in the jet fuel market.

Nigeria recorded a trade surplus of N12.59 trillion in the second quarter of 2026, according to the National Bureau of Statistics. The NBS said total foreign trade with other countries reached N41.44 trillion during the period, with the surplus representing a 101.32% increase compared with the same quarter a year earlier. The figures come from the bureau’s Foreign Trade report and point to stronger export earnings relative to imports, though the blurb does not provide sector breakdowns.