Nigeria's urea exports surged 64 percent year-on-year in the first quarter of the year as geopolitical conflict in the Middle East disrupted a key shipping route accounting for 35 percent of global supplies. The country’s urea exports jumped to N1.3trn in the first quarter of 2026 from N797.7bn in the corresponding period of 2025, according to recent data from the National Bureau of Statistics (NBS). Middle East conflict re-routes global trade The conflict has effectively closed the Strait of Hormuz, driving fertiliser p
Nigeria's urea exports surged 64 percent year-on-year in the first quarter of the year as geopolitical conflict in the Middle East disrupted a key shipping route accounting for 35 percent of global supplies. The country’s urea exports jumped to N1.3trn in the first quarter of 2026 from N797.7bn in the corresponding period of 2025, according to recent data from the National Bureau of Statistics (NBS). Middle East conflict re-routes global trade The conflict has effectively closed the Strait of Hormuz, driving fertiliser p