Oil
Nigeria diesel receipts hit 13-month low as domestic supply, imports plunge
CEII brief
BusinessDay reported on 22 Oct 2026: Nigeria diesel receipts hit 13-month low as domestic supply, imports plunge.
Read the full story on BusinessDayNigeria’s daily diesel receipts fell to a 13-month low of 8.7 million litres in September, down 40 percent from 14.5
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © BusinessDay. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
