Dangote-driven surge lifts Nigeria seaborne refined-product shipments to 561,000 b/d in Q2 2026

On August 24, 2026 the U.S. EIA reported Nigeria’s seaborne petroleum product shipments averaged 561,000 barrels per day in Q2 2026, with about 350,000 b/d exported — a roughly sevenfold rise versus 2023 — after Dangote refinery capacity rose to 700,000 b/d and Hormuz disruptions shifted demand to Lekki.

Higher refined-product exports from Dangote increase USD fuel export receipts and reduce Nigeria’s need for seaborne refined imports, easing near-term external pressures if crude feedstock and offtake remain stable. Regional importers that previously bought from Europe/Gulf can source more product from Nigeria, shifting trade flows; the full FX and balance-of-payments impact depends on pricing, payment terms, and sustained crude supply to the refinery.

Dangote plans to add a second 750,000 b/d CDU by 2028; monitor domestic crude supply and offtake agreements.