Nigeria's Gas Export Earnings Hit $6.22 Billion in H1 2026

In the first half of 2026, Nigeria's gas export earnings rose by 4.2% year-on-year to $6.22 billion, compared to $5.97 billion in H1 2025, according to an analysis of the Central Bank of Nigeria’s Balance of Payments Highlights. The increase was primarily driven by stronger earnings in the second quarter, which reached $3.63 billion, a 9.7% rise from $3.31 billion in Q2 2025.

This growth offset a slight decline in the first quarter, where earnings were $2.59 billion, down from $2.66 billion a year earlier. Quarter-on-quarter, earnings surged by approximately 40.2% from Q1 2026 to Q2 2026.

Additionally, Nigeria's overall current account surplus strengthened by 67.9% to $7.54 billion from $4.49 billion in Q1 2026, bolstered by increased export receipts and diaspora remittances. The Federal Government and regulators are focusing on expanding the gas sector's contribution through investments, with the NUPRC’s Gas Development Roadmap targeting over 55 trillion cubic feet of uncommitted gas reserves.