Nigerian crude oil exports
US Overtakes as Nigeria’s Leading Crude Oil Supplier – Report
The United States has, for the first time, emerged as a net exporter of crude oil to Nigeria, driven largely by increased demand from the newly operational Dangote Refinery and refinery maintenance activities on the US East Coast. According to the US Energy Information Administration (EIA), Nigeria imported more crude oil from the US in […]
Rising Trade Tensions Cost Nigeria $527m in US Exports
Nigeria’s trade ties with the United States have taken a sharp hit, with the country losing $527 million in exports to its once top trading partner in just five months — a steep 20 per cent year-on-year decline. This development, which analysts attribute to rising trade tensions and punitive tariff policies under US President Donald […]