{"id":3930,"date":"2026-10-30T05:47:30","date_gmt":"2026-10-30T05:47:30","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/nigerias-export-earnings-rise-23-7-to-35-6bn-in-h126\/"},"modified":"2026-10-30T05:47:30","modified_gmt":"2026-10-30T05:47:30","slug":"nigerias-export-earnings-rise-23-7-to-35-6bn-in-h126","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/nigerias-export-earnings-rise-23-7-to-35-6bn-in-h126\/","title":{"rendered":"Nigeria\u2019s export earnings rise 23.7% to $35.6bn in H1\u201926"},"content":{"rendered":"<div><img width=\"624\" height=\"513\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/Nigerias-export-earnings-rise-23.7-to-35.6bn-in-H126.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Economic gains must show in Nigerians\u2019 lives \u2014 CIBNk\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/Nigerias-export-earnings-rise-23.7-to-35.6bn-in-H126.jpg 624w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2025\/04\/Nigeria-map-300x247.jpg 300w\" sizes=\"(max-width: 624px) 100vw, 624px\"><\/p>\n<p class=\"wp-block-paragraph\"><strong>By Babajide Komolafe<\/strong><\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Nigeria\u2019s total export earnings rose by 23.7 per cent year-on-year, YoY to $35.64 billion in the first half of 2026 (H1\u201926), from $28.82 billion in the corresponding period of 2025, driven largely by a surge in petroleum products exports.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Analysis of data from the quarterly statistical bulletin, of\u00a0 the\u00a0 Central Bank of Nigeria\u2019s (CBN) for Q2\u201926,\u00a0 showed that the country\u2019s export earnings increased by $6.82 billion during the six-month period, with petroleum products accounting for about 65 per cent of the growth.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Petroleum products exports jumped by 238.7 per cent YoY to $6.31 billion in H1\u201926 from $1.86 billion in H1\u201925, representing an increase of approximately $4.45 billion.<\/p>\n<p class=\"wp-block-paragraph\">Crude oil remained Nigeria\u2019s largest individual export category, generating $17.51 billion, up 7.7 per cent YoY\u00a0 from $16.25 billion in the corresponding period of 2025.<\/p>\n<p class=\"wp-block-paragraph\">Gas exports also increased, rising by 4.2 per cent YoY to $6.22 billion from $5.97 billion.<\/p>\n<p class=\"wp-block-paragraph\">Consequently, total exports of crude oil, gas and petroleum products rose by 21.9 per cent YoY\u00a0 to $30.03 billion from $24.63 billion in H1\u201925.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">The performance indicates that petroleum-related exports remained the dominant source of Nigeria\u2019s export earnings, accounting for about 84.3 per cent of total exports during the period.<\/p>\n<p class=\"wp-block-paragraph\">Meanwhile, non-oil exports increased by 18.2 per cent YoY to $5.60 billion from $4.74 billion in H1\u201925.<\/p>\n<p class=\"wp-block-paragraph\">Despite the increase, non-oil exports accounted for about 15.7 per cent of total export earnings, down from approximately 16.5 per cent in the corresponding period of 2025.<\/p>\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/10\/nigerias-export-earnings-rise-23-7-to-35-6bn-in-h126\/\">Nigeria\u2019s export earnings rise 23.7% to $35.6bn in H1\u201926<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Babajide Komolafe Nigeria\u2019s total export earnings rose by 23.7 per cent year-on-year, YoY to $35.64 billion in the first half of 2026 (H1\u201926), from $28.82 billion in the corresponding&hellip; 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