Nigeria’s seaborne refined petroleum exports to Europe soared by 767% in the second quarter of 2026, reaching 130,000 barrels per day (b/d), up from just 15,000 b/d in 2023. According to the U.S. Energy Information Administration (EIA), this surge is directly attributed to increased output from the Dangote refinery, which has significantly reshaped the nation’s trade dynamics. As domestic refining capacity grows, Nigeria’s reliance on imported fuel has dropped sharply, with seaborne imports falling from nearly 400,000 b/d in 2023 to under 130,000 b/d in Q2 2026. The refinery, currently operating at 700,000 b/d capacity, is also preparing for a public listing on the Nigerian exchange by October.