The imported crude, listed as “Petroleum oils and oils obtained from bituminous minerals, crude,” was Nigeria’s third-highest import in Q1, trailing behind gas oil and petrol, which cost ₦1.83 trillion and ₦1.76 trillion respectively.
According to the NBS, “China remains Nigeria’s highest trading partner on the import side in the first quarter of 2025, followed by India, the United States of America, the Netherlands, and the United Arab Emirates.
“The most traded commodities imported during the quarter were Gas oil, Motor spirit ordinary, Petroleum oils and oils obtained from bituminous minerals, crude, Cane sugar meant for sugar refinery, and Durum wheat (Not in seeds).”
Data from the bureau shows that the United States was Nigeria’s primary source of imported crude, contributing ₦726.84 billion, or about 61 per cent of the total. Angola followed with ₦223.58 billion and Algeria with ₦122.37 billion.
