Five Nigerian companies generated about $120 million in non-oil export earnings in April 2026, accounting for 29.51% of the earnings recorded by the country’s top 100 non-oil exporters.
The figures, contained in the Central Bank of Nigeria’s April 2026 Economic Report, highlight the growing contribution of fertiliser and agricultural commodities to Nigeria’s foreign-exchange earnings.
The five companies were Dangote Fertiliser, Robust International Commodities, Tulip Cocoa Processing, Valency Agro Nigeria and Outspan Nigeria.
Dangote Fertiliser accounted for the largest share at 14.15%, followed by Robust International Commodities at 5.16%. Tulip Cocoa Processing contributed 4.03%, while Valency Agro Nigeria and Outspan Nigeria accounted for 3.17% and 3.01%, respectively.
Non-Oil Export Earnings Rise
The CBN report showed that Nigeria’s overall non-oil export earnings increased to $960 million in April, up from $770 million in March.
The increase was driven largely by higher global commodity prices and stronger receipts from products including cashew nuts and fertiliser.
Cashew nuts were Nigeria’s largest non-oil export product during the month, accounting for 21.25% of earnings. Urea followed with 14.15%, while cocoa beans contributed 10.46%.
Other agricultural products accounted for 8.33%, sesame seeds 5.56% and cocoa products 4.92%.
India remained Nigeria’s largest destination among the top 10 non-oil export markets in April, accounting for 16.51%.
Vietnam followed with 10.96%, while the United States accounted for 8.71%. China and Germany represented 8.48% and 5.88%, respectively.
The latest figures reinforce Nigeria’s efforts to diversify its foreign-exchange earnings beyond crude oil.
The Nigerian Export Promotion Council previously reported that the country’s non-oil exports reached a record $6.1 billion in 2025, up from $5.46 billion in 2024.
However, sustaining that growth will depend on addressing persistent challenges around logistics, infrastructure, financing, processing capacity and access to international markets.
The April figures nevertheless show that fertiliser and agricultural products are playing an increasingly important role in Nigeria’s export economy.
