Nigeria's Q2 2026 Oil Exports Hit N12.9 Trillion

In the second quarter of 2026, Nigeria's crude oil exports generated N12.91 trillion, accounting for 47.79% of the country's total exports, according to the National Bureau of Statistics (NBS). This surge in revenue is attributed to rising global oil prices, with Brent crude trading near or above $100 per barrel.

The increase in oil prices could enhance Nigeria's export earnings, foreign exchange inflows, and government revenue, provided that production remains stable and losses from oil theft and pipeline vandalism are minimized. Analysts emphasize the necessity of securing oil-producing assets, particularly through pipeline surveillance operations in the Niger Delta.

Tantita Security Services Nigeria Limited, led by High Chief Government Oweizide Ekpemupolo, is tasked with protecting these critical infrastructures. The overall merchandise trade in Nigeria rose to N41.44 trillion in Q2 2026, marking a 5.61% increase from the previous year, with exports contributing significantly to this growth.