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US buys $578m Nigerian crude in three months – Report
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US buys $578m Nigerian crude in three months – Report
The US imported $578 million worth of Nigerian crude oil in the first quarter of 2026, marking a 15% decrease from the previous year. This decline is attributed to various factors affecting trade dynamics.
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The Briefing Africa
May 10, 2026 · 00:29 · 5 min read
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The US imported $578 million worth of Nigerian crude oil in the first quarter of 2026, marking a 15% decrease from the previous year. This decline is attributed to various factors affecting trade dynamics.
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The drop in US imports of Nigerian crude oil highlights ongoing challenges in the global oil market and may impact Nigeria's revenue from oil exports. Stakeholders are urged to analyze the underlying reasons for this decline to strategize future trade relations.