FuelLink/Intelligence
FuelLink Intelligenceas of Sep 2026 (stabilised range)

Jet A-1 desk

Jet fuel is where Nigeria's refinery boom hits its most fragile customer: airlines. In 2026 the product went from quietly available to ₦3,300/litre in weeks — and the pricing model that followed (USD, holdback, wide spreads) is a template FuelLink's forward mechanics are built from.

Pre-crisis (Feb 2026)

₦900

per litre, as reported

Crisis peak (Apr 2026)

₦3,300

267% above Feb (derived)

Stabilised (Jun–Sep 2026)

₦1,550–₦2,150

per litre, as reported

Spread at Abuja (ABV)

₦960/L

₦1,190 – ₦2,150

Crisis timeline (₦/litre)

  1. Feb 2026

    ₦900

    Pre-crisis level

    AON / AirInsight / ThisDay / Legit (2026 jet A-1 crisis coverage)

  2. Apr 2026

    ₦3,300

    Peak of the crisis; AON threatened to cease operations on 20 Apr 2026

    AON / AirInsight / ThisDay / Legit (2026 jet A-1 crisis coverage)

  3. Sep 2026

    ₦1,550 – ₦2,150

    Stabilised range; wide per-airport spreads persist

    AON / AirInsight / ThisDay / Legit (Jun–Sep 2026)

The DPRP pricing model

USDex-gantry, priced in+25%price holdback

DPRP sells jet A-1 ex-gantry in USD with a 25% price holdback — the model FuelLink's forward/holdback mechanics mirror.

Why it matters

  • 1.Jet fuel ≈ 40% of Nigerian airline operating costs.
  • 2.Nigerian jet fuel prices ran ~17% above the global average during 2026.
  • 3.Airlines pay slowly → receivables risk → airline-receivables factoring is the obvious finance product (L4).
Export side: jet moved 476,099 MT in May 2026 and surged ~+770% YoY in April — the product is simultaneously a domestic crisis and a fast-growing export book. See the Lomé Index.