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Nigeria Imports 61.7m Barrels of U.S. Crude Despite Massive Exports

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Nigeria Imports 61.7m Barrels of U.S. Crude Despite Massive Exports

21 Apr, 2026

Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, highlighting a growing dependence on foreign feedstock even as the country remains one of Africa’s top crude exporters. The development presents a striking contrast: while Nigeria continues to ship large volumes of crude abroad, domestic refineries—particularly the Dangote Refinery—are increasingly turning to imports to meet operational needs....................READ MORE