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The United States has reduced its imports of Nigerian crude oil by almost 50%.

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The United States decreased its acquisition of Nigerian crude oil by roughly 47.16% from the previous month in January 2026.

This significant reduction is linked to a wider deceleration in U.S. crude imports and evolving global energy trends, with other African nations such as Angola and Ghana increasing their market presence.
Import Volume: Decreased to 1.664 million barrels, down from 3.149 million barrels in December 2025.
Market Share: Nigeria's proportion of total U.S. crude imports fell from 1.59% to 0.88%. The customs value of these imports declined from $217.36 million in December to $115.99 million in January.
Notwithstanding the monthly decrease, Nigeria continued to be Africa's largest crude supplier to the U.S. throughout 2025, representing 52.2% of the continent's exports to the nation.

Challenges in domestic sourcing and the emergence of the Dangote Refinery have altered supply flows; in mid-2025, U.S. crude actually surpassed Nigerian supply for the refinery's intake for the first time. Refiners, especially in India, have alternated between Nigerian and Russian grades due to geopolitical influences and pricing.

Nigeria's oil production dropped to 1.31 million barrels per day (bpd) in February 2026, falling short of its OPEC quota of 1.5 million bpd. Crude oil export revenues decreased by $5.31 billion according to reports from March 2026, leading to a narrower current account surplus.

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