Nigeria earned about $2.21 billion from crude oil exports to the United States between January and July 2025, according to new figures from the U.S. Census Bureau and the Bureau of Economic Analysis.
The data confirms Nigeria’s position as America’s top African oil supplier, with 28.7 million barrels shipped during the period — far ahead of Libya, Angola, and Ghana. However, both revenue and shipment volumes were weaker than in 2024.
On a customs basis, the crude’s value stood at $2.16 billion, while the Cost, Insurance, and Freight (CIF) figure — which includes shipping and insurance — reached $2.21 billion. The gap reflects the cost of transporting oil across the Atlantic.
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Compared with the same period last year, exports dropped 8.8% in volume and roughly 22% in value, falling from 31.5 million barrels worth $2.78 billion (customs) and $2.83 billion (CIF). Analysts attribute the decline to both lower shipments and softer prices for Nigerian crude in 2025.
The report also highlights volatile monthly trends. June 2025 was the strongest month, with 6.95 million barrels shipped, earning $484 million (customs) and $496 million (CIF). By contrast, July saw exports slide to 4.4 million barrels, valued at $328 million and $336 million respectively.
Industry observers warn that sustaining stable export levels will be key for Nigeria’s fiscal outlook as oil remains its main foreign-exchange earner despite global moves toward cleaner energy sources.
