Nigeria exports 55.39 million barrels as Dangote refinery faces crude oil supply shortfall

Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, highlighting a widening imbalance between rising export flows and persistent domestic supply shortages affecting its largest refinery.

Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026 despite growing pressure on domestic refining capacity.

The Dangote Petroleum Refinery continues to struggle with inadequate local crude supply, operating far below its required feedstock levels.

Data shows a persistent imbalance between rising exports and limited domestic allocation under current supply arrangements.

Industry stakeholders warn that continued shortages could undermine Nigeria’s refining ambitions and energy security goals.