Nigeria bought ₦305.66 billion worth of crude oil from Libya in Q2 2026

Key Takeaways

  • Nigeria imported ₦305.69bn from Libya in Q2 2026, up from ₦2.17bn in Q1.
  • Crude oil accounted for 99.99% of Q2 imports, worth ₦305.66bn.
  • Libya’s Q2 exports to Nigeria surged from ₦7.4bn in 2025 to ₦305.69bn.
  • Libya became Nigeria’s ninth-largest import source, accounting for 2.12% of total imports in Q2.
  • Nigeria’s imports from Libya were previously dominated by much smaller values, with crude oil driving the sharp 2026 increase.

Nigeria bought ₦305.66 billion worth of crude oil from Libya in Q2 2026, accounting for 99.99% of the country’s ₦305.69 billion imports from Libya.

This was a dramatic shift from Q1, when Nigeria imported ₦2.17 billion from Libya, almost entirely salt for human consumption. Libya’s Q2 imports also represented 2.12% of Nigeria’s total imports, making it the country’s ninth-largest import source during the quarter.

Source:

National Bureau of Statistics

Period:

Q2 2026
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