Britain's refined-oil imports from Nigeria reached £1,017.3 million in the 12 months through June 2026, making processed fuel the largest category in their goods trade and marking a shift from crude, UK data show.
The refined-oil figure was more than double the value in the 12 months through June 2025. Crude oil imports totaled £550.3 million, a 56.2% decline from the previous 12-month period. Refined oil's value exceeded crude by £467 million.
Refined oil represented 53.5% of Britain's goods imports from Nigeria during the period, compared with 28.9% for crude. The figures show a change in the product mix of Nigeria's energy sales to the British market.
The Department for Business, Innovation, Science and Trade (BIST) published its Nigeria factsheet Nov. 6. Its commodity figures come from the Office for National Statistics (ONS) and are reported in current prices without seasonal adjustment.
BusinessDay pointed to output from Dangote Petroleum Refinery as a possible driver of the change and reported the Lagos facility's capacity at 650,000 barrels per day. The government data group imports by country and commodity but do not identify the refinery that supplied them. BusinessDay also reported that refined fuel's value exceeded crude for the first time in the series it reviewed.
EconoTimes has previously covered the refinery's potential role in Nigeria's domestic fuel processing. BIST's next planned release of its Nigeria trade and investment factsheet is Dec. 21, 2026.
