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US Imports $1.34bn Nigerian Crude Oil in Five Months Despite Trump Tariffs

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The United States imported Nigerian crude oil worth $1.34 billion between January and May 2025, reinforcing Nigeria’s position as America’s top African crude supplier despite growing pressures on broader trade flows.

Data from the U.S. Census Bureau and Bureau of Economic Analysis showed that the U.S. purchased 17.39 million barrels of Nigerian crude in the five-month period, with oil exports continuing to dominate bilateral trade even as volumes declined from the same period last year.

This reflects a 12.7% year-on-year drop in volume and an 11.8% decline in value, highlighting changing dynamics in the U.S. oil market, including increased domestic output and shifting sourcing preferences.

Nigeria accounts for 62% of U.S. crude imports from Africa 

Nevertheless, Nigerian crude still accounted for more than 62% of U.S. crude imports from Africa, far ahead of Libya, Angola, and Ghana, whose combined exports to the U.S. totaled $811 million during the same period.

In May 2025 alone, Nigeria exported 4.2 million barrels of crude to the U.S., valued at $311 million, down from $368 million in April. Customs and C.I.F. (Cost, Insurance, and Freight) data showed similar figures, with Nigeria’s oil exports to the U.S. recorded at $1.34 billion and $1.38 billion, respectively, reaffirming its role in transatlantic energy trade.

However, while crude shipments remained relatively stable, Nigeria’s overall export performance to the U.S. is weakening under the weight of America’s new trade policies.

Nigeria’s trade surplus wiped out as U.S. exports surge 

Total U.S. imports from Nigeria fell to $2.12 billion in the first five months of 2025, compared to $2.65 billion in the same period of 2024, a drop of $527 million, or nearly 20%.

This contraction follows an executive order signed by U.S. President Donald Trump in April imposing a flat 10% import tariff on most countries. Nigeria was subject to an even higher 14% tariff, having previously run a significant trade surplus with the U.S.

Although crude oil, a strategic commodity, was exempted from the tariff regime, Nigeria’s non-oil exports have been severely impacted. Key sectors such as agriculture and manufacturing have seen reduced demand from American buyers. In May 2025, total U.S. imports from Nigeria stood at $400 million, down from $517 million in the same month of 2024.

While Nigerian exports have declined, American exports to Nigeria have surged, up 17.8% year-on-year. Between January and May 2025, the U.S. exported goods worth $2.42 billion to Nigeria, compared to $2.05 billion in the same period of 2024. This shift has reversed the trade balance between the nations.

Whereas Nigeria posted a $596 million surplus in the first five months of 2024, the U.S. recorded a $295 million surplus by May 2025. In May alone, America exported $515 million worth of goods to Nigeria, while imports from Nigeria stood at $400 million, giving the U.S. a monthly trade surplus of $115 million.

One of the major drivers of this turnaround is the U.S. automobile sector. Exports of motor vehicles and parts to Nigeria reached $426 million in the first five months of 2025, including $312 million in passenger vehicles, $29 million in trucks and buses, and $86 million in spare parts. These figures reflect both Nigeria’s growing appetite for automobiles and the increasing reliance on American suppliers for high-value manufactured goods.

Egypt and South Africa top African traders to the US 

Nigeria’s broader trade relationship with the U.S. appears to be losing steam. The country now accounts for just 10.8% of U.S. imports from Africa and 14.8% of exports to the continent, both figures down slightly from the previous year.

Egypt has overtaken Nigeria as America’s leading African export destination, with U.S. exports to Egypt jumping by 76% year-on-year to $3.43 billion. Meanwhile, South Africa remains dominant on the import side, with the U.S. importing $8.67 billion worth of South African goods between January and May 2025, more than four times the volume of Nigerian exports.

With Nigeria’s total trade volume with the U.S. now standing at $4.54 billion, the country trails Egypt and South Africa, raising questions about its long-term competitiveness in U.S.–Africa trade relations.

As global supply chains evolve and protectionist policies reshape international commerce, Nigeria’s dependence on crude oil and limited diversification may continue to weigh on its position in the American market.

In the corresponding period of 2024, the U.S. had imported 20.4 million barrels of Nigerian crude worth $1.52 billion.

Source: Nairametrics

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Court Clears Jonathan to Contest 2027 Presidential Election

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A Federal High Court in Abuja has dismissed a suit seeking to bar former President Goodluck Jonathan from contesting the 2027 presidential election, effectively clearing the way for him to participate in the polls if he chooses to run.

Justice Peter Lifu, who delivered judgment in the matter, held that the suit instituted by Johnmary Jideobi lacked merit and amounted to an abuse of court process.

The court further ruled that the plaintiff lacked the legal standing to institute the suit, noting that he failed to show how Jonathan’s possible participation in the election directly affected his interest.

Justice Lifu consequently awarded a total cost of N21 million against the plaintiff — N20 million in favour of Jonathan and N1 million in favour of the Attorney General of the Federation.

The judge described the suit as frivolous and a waste of judicial time, particularly after previous courts had already dismissed similar cases on the same subject.

He cited earlier judgments in Andy Solomon v. Jonathan at the Federal High Court and Cyracus Njoku v. Jonathan at the Court of Appeal, aligning with the decisions and stating that he had “nothing else to add.”

Justice Lifu also expressed dismay that the plaintiff and his counsel continued with the suit despite being aware of the earlier judgments.

The suit, filed in October 2025, sought a determination on whether Jonathan remained constitutionally eligible to contest the presidency in 2027.

The plaintiff argued that Jonathan had exhausted the constitutional two-term limit under Sections 1(1), (2), (3) and 137(3) of the 1999 Constitution, having completed the unexpired tenure of late President Umaru Yar’Adua between 2010 and 2011 before serving a full four-year term after winning the 2011 presidential election.

Jideobi had asked the court to restrain Jonathan from presenting himself as a presidential candidate and to stop the Independent National Electoral Commission (INEC) from accepting or publishing his name as a candidate in the 2027 election or any future presidential contest.
The plaintiff also sought an order directing the Attorney General of the Federation to enforce the requested injunctions if granted.

During proceedings, counsel to the plaintiff maintained that Jonathan had served more than twice in office and was therefore constitutionally barred from seeking another term as president.
Jonathan, INEC and the Attorney General of the Federation were listed as defendants in the suit.

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Tinubu Hails Rangers Int’l After 9th NPFL Title Win

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President Bola Tinubu has congratulated Rangers International FC on winning the 2025/2026 Nigeria Premier Football League (NPFL) title, describing the club’s triumph as a remarkable achievement and a testament to its enduring football legacy.

Rangers secured the league crown for a record ninth time after finishing the season with 68 points from 38 matches, ahead of closest rivals Rivers United.

In a statement issued on Monday by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu congratulated the management, players and supporters of the Enugu-based side for their successful campaign.

The President recalled the club’s dominance in Nigerian football during the 1970s and 1980s, highlighting its historic exploits on the continental stage.

He specifically referenced Rangers’ run to the final of the African Cup of Champions Clubs in 1975 and their triumph in the African Cup Winners’ Cup in 1977.

President Tinubu also commended Governor Peter Mbah for supporting youth and sports development in the State, saying the club’s success reflected the impact of such investments.

“I must also congratulate Governor Peter Mbah of Enugu State on the victory of Rangers International FC. This victory is an obvious fruit of his administration’s investments in youth and sports in the state. I commend him,” the President said.

He further noted that Rangers, as one of Nigeria’s oldest football clubs, has produced several players who brought honour to the country on the global stage.

The President equally commended Rivers United for their impressive performance throughout the season and for displaying sportsmanship during the competition.

Tinubu wished both Rangers International FC and Rivers United success as they prepare to represent Nigeria in next season’s CAF Champions League.

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US Will Not ‘Rush into a Deal’ with Iran, Trump Declares

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President Donald Trump said on Sunday that he has told US negotiators “not to rush into a deal” with Iran, amid anticipation — and mounting criticism — of an agreement to end the war in the Middle East.

“The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side,” Trump wrote on his Truth Social account.

“The Blockade will remain in full force and effect until an agreement is reached, certified, and signed.”

The United States has imposed a blockade of Iranian ports since April 13 after Tehran virtually halted traffic through the economically vital Strait of Hormuz in response to the US-Israeli attacks on Iran that began February 28.

“Both sides must take their time and get it right,” Trump wrote in the same Truth Social post, while slamming the 2015 nuclear deal that former president Barack Obama agreed with Iran.

“Our relationship with Iran is becoming a much more professional and productive one. They must understand, however, that they cannot develop or procure a Nuclear Weapon or Bomb,” Trump wrote.

While the White House has not released aspects of the deal, Iran Foreign Ministry spokesman Esmaeil Baqaei said Saturday on state television that the two sides were nearing a “a memorandum of understanding, a kind of framework agreement composed of 14 clauses,” in “a trend toward rapprochement.”

Several voices, notably among Republican lawmakers close to Trump, expressed fears of an agreement favorable to Iran as supposed aspects of the deal that began to leak.

According to news outlet Axios, a possible agreement would extend the current ceasefire by 60 days, during which the Strait of Hormuz would be reopened, Iran would freely sell oil, and negotiations would be held on Iran’s nuclear program.

The top Republican senator overseeing defense policy, Roger Wicker, said that agreeing to a “rumored 60-day ceasefire” with Iran would mean, “everything accomplished by Operation Epic Fury would be for naught!”

Fellow Republican senators Ted Cruz and Lindsey Graham also voiced opposition to Iran soon gaining benefits such as the ability to sell its oil freely.

“If the result of all that is to be an Iranian regime — still run by Islamists who chant ‘death to America’ — now receiving billions of dollars, being able to enrich uranium & develop nuclear weapons, and having effective control over the Strait of Hormuz, then that outcome would be a disastrous mistake,” Cruz, a Republican from Texas, wrote on X.

Thom Tillis, a Republican senator from North Carolina, said the deal “doesn’t make sense to me.”

“We were told about 11 weeks ago by (Secretary of Defense Pete) Hegseth and the Department of Defense that they had obliterated Iran’s defenses, and it was just a matter of time before we had the nuclear material. Now we’re talking about a posture where we may accept the nuclear material remaining in Iran. How does that make sense at all?” Tillis said on CNN’s “State of the Union” morning program.

AFP

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