Nigeria Automotive Engine Oils Market Analysis
The Nigeria Automotive Engine Oils Market size is estimated at 174.42 million liters in 2025, and is expected to reach 192.95 million liters by 2030, at a CAGR of 2.04% during the forecast period (2025-2030).
- Largest Segment by Vehicle Type - Commercial Vehicles : The Nigerian commercial vehicle sector has the highest engine oil consumption as the country has 3.8 million CVs, most of which are obsolete CVs that require frequent repair.
- Fastest Segment by Vehicle Type - Motorcycles : Nigeria is predicted to have the fastest rise in demand for motorcycle engine oil, owing to a robust comeback in low-cost motorcycle sales and rising travel rates.
Nigeria Automotive Engine Oils Market Trends
Largest Segment By Vehicle Type : Commercial Vehicles
- In Nigeria, engine oils accounted for over 74% of overall automotive lubricants in 2020. During 2015-2019, engine oil consumption increased at a CAGR of 0.5%. The growing active vehicle fleet in the country was the key driver for this trend.
- In 2020, the COVID-19 outbreak led to a massive decline in the usage rate of the existing vehicle fleets in the country, which led to a 6.3% dip in engine oil consumption. The passenger vehicle (PV) segment recorded the largest decline of 7.8% in engine oil consumption during the year, over 2019.
- During 2021-2026, the motorcycles segment is expected to register the highest growth of 3.4% in engine oil consumption, followed by the CV segment (2.1%). The growth in the motorcycles segment is likely to be driven by the strong demand for mopeds and motorcycles in the country over the next five years.
Nigeria Automotive Engine Oils Industry Overview
The Nigeria Automotive Engine Oils Market is fairly consolidated, with the top five companies occupying 67.72%. The major players in this market are 11Plc, Ardova Plc, BP Plc (Castrol), Oando Plc and TotalEnergies (sorted alphabetically).
Nigeria Automotive Engine Oils Market Leaders
11Plc
Ardova Plc
BP Plc (Castrol)
Oando Plc
TotalEnergies
- *Disclaimer: Major Players sorted in no particular order
Nigeria Automotive Engine Oils Market News
- November 2021: Ardova PLC acquired Enyo Retail & Supply Limited in 2021. This acquisition adds Enyo's 95 retail stations to Ardova's existing 450 stations, growing its portfolio to 545 stations nationwide.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- April 2021: Total Nigeria PLC and Moove Africa signed a Memorandum of Understanding to form a partnership that would improve the welfare of Moove vehicle drivers by providing access to the fleet management system, as well as premium services and price reductions on lubricants and other services.
