According to a detailed report by Moniepoint, digital payment channels have captured 43% of fuel sales in Nigeria, indicating a notable trend towards cashless transactions in the downstream oil and gas sector. This shift has been facilitated by the increased use of point-of-sale terminals, which are now employed by 90.9% of petrol stations across the country. Such technological integration is transforming operational practices among petrol station operators, contributing to efficiency and better service delivery.

The study highlights the crucial role of petrol stations within Nigeria’s energy and transport frameworks, especially in regions where alternative energy resources are scarce. The significance of this sector is underscored by the fact that more than 90% of the country's passenger and freight movement occurs via road transportation, which is reliant on these stations to supply fuel. The report estimates that petrol stations collectively manage a volume of around 41 to 47 million litres of petrol daily, indicating their pivotal role in the economy.

Furthermore, the findings of this case study paint a picture of a modernizing fuel sales landscape in Nigeria, with implications for both consumers and industry stakeholders. The rise of digital payments not only enhances convenience and security for consumers but also reflects broader economic trends toward digitalization in various sectors. As such, fuel station operators are expected to adapt further to these technological advancements, which may influence future investment and operational strategies in the oil and gas industry.