Nigeria earned $2.21bn from crude oil exports to the United States between January and July 2025, fresh figures from the US Census Bureau and Bureau of Economic Analysis have shown.
During the period, Nigeria shipped 28.7 million barrels of crude, maintaining its position as America’s largest African supplier ahead of Libya, Angola, and Ghana.
On a customs basis, which reflects the price at the point of export, the shipments were valued at $2.16bn, while on a Cost, Insurance and Freight (CIF) basis, which includes transportation costs, the figure rose slightly to $2.21bn.
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On a customs basis, which reflects the price at the point of export, the shipments were valued at $2.16bn, while on a Cost, Insurance and Freight (CIF) basis, which includes transportation costs, the figure rose slightly to $2.21bn.
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