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US Slashes Nigerian Crude Imports by Nearly 50%

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The United States sharply reduced its imports of Nigerian crude oil in January 2026, with purchases falling by approximately 47.16% month-on-month, according to the latest data from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

 

Figures from the U.S. International Trade in Goods and Services report indicate that U.S. crude imports from Nigeria fell to 1.664 million barrels in January 2026, down from 3.149 million barrels recorded in December 2025. This represents a decline of 1.485 million barrels within one month, showing a significant contraction in Nigeria’s share of the U.S. crude market.

In value terms, the drop was equally steep. The customs value of Nigerian crude imports declined from $217.36m in December to $115.99m in January, while the cost, insurance, and freight value fell from $223.10m to $118.95m over the same period. The difference between the two measures reflects additional costs such as shipping and insurance included in CIF values, which are excluded from customs valuation.

This means that in January, the CIF value of Nigerian crude was about $2.96m higher than its customs value, compared to a wider gap of about $5.74m in December. The narrowing gap suggests relatively lower freight or insurance costs, or shorter shipping distances within the period.

The contraction comes amid a broader slowdown in total U.S. crude imports, which declined from 198.29 million barrels in December to 188.21 million barrels in January, representing a drop of about 5.1 per cent. Total import value also fell, with customs value decreasing from $11.41bn to $10.56bn, while CIF value dropped from $12.04bn to $11.15bn.

Within Africa, Nigeria lost ground to some peers. While total African crude exports to the U.S. remained flat at 6.933 million barrels, Angola recorded a sharp increase, rising from 575,000 barrels in December to 2.062 million barrels in January.

Ghana also emerged as a new supplier with 738,000 barrels, having recorded no measurable exports in December. By contrast, Libya saw its exports to the U.S. decline from 2.137 million barrels to 1.086 million barrels over the period.

Nigeria’s share of total U.S. crude imports also weakened. The country accounted for roughly 0.88 per cent of total U.S. crude imports in January, down from about 1.59 per cent in December, reflecting the sharp reduction in volumes.

Further analysis of U.S. trade data shows that crude oil remains the dominant component of Nigeria’s exports to the United States. Total U.S. imports from Nigeria stood at $183m in January 2026, compared to $297m in December 2025.

With crude oil imports valued at $115.99m (customs basis) and $118.95m on a CIF basis, crude accounted for approximately 63.4 per cent to 65.0 per cent of total U.S. imports from Nigeria in January. This compares with about 73.2 per cent in December on a customs basis, indicating a relative moderation in crude dominance as overall imports declined.

Newsmen  further observed that the U.S. recorded a goods trade surplus of $419m with Nigeria in January, up from $84m in December. This was driven by a rise in U.S. exports to Nigeria, which increased from $381m to $602m, even as imports from Nigeria declined.

Across Africa, the U.S. posted a trade deficit of $503m in January, reversing a $174m surplus recorded in December. Total U.S. imports from Africa rose from $2.88bn to $3.54bn, while exports to the region edged slightly lower from $3.05bn to $3.04bn.

According to an earlier report that Nigeria accounted for about 52 per cent of Africa’s crude oil exports to the United States in 2025. According to the previous report, total U.S. crude imports from Africa stood at 89.371 million barrels in 2025, down from 103.631 million barrels in 2024, representing a decline of 14.26 million barrels or 13.8 per cent.

Of the 89.371 million barrels of crude imported from Africa in 2025, Nigeria supplied 46.618 million barrels, down from 50.793 million barrels in 2024—a year-on-year decline of 4.175 million barrels, or 8.2%.

 

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Tinubu Addresses Nigerians Oct 1 As FG Adopts Low-Key Independence Celebration

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The Federal Government has inaugurated the Inter-Ministerial Committee for the commemoration of Nigeria’s 66th Independence Anniversary, unveiling a programme of activities culminating in a nationwide broadcast by President Bola Tinubu on October 1, 2026.

 

Head of the Information and Public Relations Department in the Office of the Secretary to the Government of the Federation OSGF, Chris Ugwuegbulam, disclosed this in a statement issued Friday in Abuja.

He said the inaugural meeting of the Committee was held on Thursday, and EWS was chaired by the Secretary to the Government of the Federation, SGF, Senator George Akume, who was represented by the Permanent Secretary, Political and Economic Affairs Office (PEAO), Mrs Bekearedebo Augusta Warrens.

Akume said the anniversary provides an opportunity for Nigerians to reflect on the contributions, sacrifices and enduring legacies of the nation’s founding fathers and heroines who worked for Nigeria’s independence from colonial rule, noting that the achievements recorded since independence were built on the foundation laid by the country’s nationalists.

He said the celebration would also allow the administration to showcase its achievements and highlight efforts being undertaken to reposition the country through its reform initiatives, against the backdrop of the socio-economic challenges confronting the nation.

The SGF, however, emphasised that activities for this year’s celebration would be low-key, urging members of the Committee to work with urgency given the limited time before October 1.

According to him, the programme of activities will commence with a World Press Conference on Thursday, September 24, 2026, followed by a Juma’at Service on Friday, September 25; a Church Service on Sunday, September 27; an Independence Day Public Lecture on Wednesday, September 30; and the nationwide broadcast by President Tinubu on Thursday, October 1, 2026.

The Committee comprises the SGF as Chairman, with members including the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele; the Minister of Information and National Orientation, Mohammed Idris; the Minister of Interior, Dr Olubunmi Tunji-Ojo; the Minister of Foreign Affairs, Amb Bianca Odumegwu-Ojukwu; the Minister of the Federal Capital Territory Administration, Barr Nyesom Wike; the Minister of Budget and Economic Planning, Sen Abubakar Atiku Bagudu, CON; the National Security Adviser, Mallam Nuhu Ribadu; the Special Adviser to the President on Policy Coordination, Hadiza Bala Usman; and the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga.

Other members include the Special Adviser to the President on Media and Public Communications, Chief Sunday Dare; the Permanent Secretary, State House, Engr Temitope Peter Fashedemi; the Permanent Secretary, General Services Office (GSO), Dr Ibrahim Abubakar Kana, mni; the Permanent Secretary, Federal Ministry of Health, Ms Kachollom Daju, mni; the Permanent Secretary, Cabinet Affairs Office (CAO), Dr John Chidiebere Ezeamama; the Inspector-General of Police, Mr Olatunji Disu; the Director-General, Department of State Services, Mr Adeola Oluwatosin Ajayi; the Commander, Guards Brigade, Brig Gen Adebisi Olusegun Onasanya; and the Permanent Secretary, Political and Economic Affairs Office (PEAO), Mrs Bekearedebo Augusta Warrens.

According to the SGF, the Terms of Reference of the Inter-Ministerial Committee include planning, organising and executing all approved activities for the October 1, 2026 Independence Day celebration; co-opting any organisation or individual considered relevant to the successful execution of the programme; documenting the planned activities for posterity; and undertaking any other assignment required to ensure the successful implementation of the celebration.

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2027: Elections Can’t Resolve Nigeria’s Crisis, Hold Referendum -IPOB

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Ahead of the 2027 general election, the Indigenous People of Biafra (IPOB) has dismissed another round of balloting as incapable of resolving what it described as Nigeria’s fundamental political crisis, insisting that the country needs a referendum rather than another change of political leadership.

 

The separatist group said the question confronting Nigeria goes beyond who emerges president in 2027, arguing that Nigerians should first be given an opportunity to determine whether they want to continue under the existing political arrangement or negotiate a different constitutional future.

In a statement by its spokesperson, Emma Powerful, on Thursday ,IPOB said the debate should not be reduced to a choice among President Bola Tinubu and opposition figures, including Atiku Abubakar and Peter Obi.

It maintained that repeatedly electing different leaders without addressing what it called Nigeria’s foundational problems amounted to “doing same thing over and over again and expecting a different result.”

According to the group, its leader, Nnamdi Kanu, has consistently placed referendum and self-determination at the centre of the agitation. “The peoples trapped in this colonial construction named Nigeria should determine, peacefully and democratically, the future they want.”

IPOB argued that while an election determines who exercises political power for a specified period, a referendum could enable citizens to decide the constitutional framework under which they want to be governed.

IPOB said such a process should not predetermine Nigeria’s break-up, but should give the people an opportunity to choose among remaining together under a new constitution, adopting another federal arrangement or pursuing self-determination.

It drew comparisons with the United Kingdom, citing constitutional votes held in Scotland, Wales and Northern Ireland.

The group referred particularly to Scotland’s 2014 independence referendum, the 1997 devolution referendums in Scotland and Wales and the 1998 Northern Ireland vote on the Belfast Agreement.

It also cited the September 14, 2026 memorandum signed in Cardiff by leaders of Plaid Cymru, the Scottish National Party and Sinn Féin, in which the parties asserted the right of their respective peoples to determine their constitutional futures through democratic means. The Cardiff agreement and its self-determination language have been independently reported.

“If referendum can settle constitutional questions in Britain, why should the peoples of Nigeria be permanently denied the same opportunity?” IPOB asked.

The group also cited a recent symbolic vote in Piddington, Oxfordshire, as further evidence of the use of voting to express views on constitutional or territorial questions.

IPOB sought to reinforce its argument with recent comments by former President Olusegun Obasanjo on Africa’s democratic system.

At the Goodluck Jonathan Foundation Democracy Dialogue in Bauchi on August 11, Obasanjo criticised the Western liberal democratic model inherited by African countries, arguing that it lacked sufficient African context and content. His remarks were made at a forum themed, “Beyond Elections: Can Political Parties and the Judiciary Save African Democracy?”

The pro-Biafra group also cited former President Goodluck Jonathan’s previous comments on Nigeria’s historical struggle to achieve national integration following the 1914 amalgamation.

It maintained that the approach to the 2027 election presents another opportunity for the country to confront what it considers the more fundamental question of political consent rather than concentrate solely on the personalities seeking the presidency.

For IPOB, the group said, “the issue is not who governs Nigeria, but what political arrangement the people freely consent to live under.”

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49 Year Old Docked For Selling Fake Herbal Products In Osun

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A 49-year old man, identified as Benjamin Segun Bright, was on Thursday arraigned before an Osogbo Magistrate Court on three-count charge of selling adulterated herbal products.

 

In the suit number MOS/5531/2026 between the Commissioner of Police and the suspect and others at large were said to have committed the offence on July, 20, 2026, at about 9:30am around Odo-Ola Street, Igbona area. Osogbo, Osun State, within Osogbo Magisterial District.

The Commissioner of Police was represented by Inspector Temitope Fatoba, while Bright was represented by his counsel, K.E Ngwoke.

According to the charge sheet, “Count 1: That you Benjamin Segun Bright ‘M’ and others now at large, on or
before the 20 day of July 2026, at about 9:30am at Odo-Ola Street, Igbona area. Osogbo, Osun State, in the Osogbo Magisterial District, did conspire among
yourselves to commit a felony to wit: Exposing For Sale Things Unfit for Food or Drink Being in Possession of Adulterated/Counterfeit Products and thereby committed an offence contrary to and punishable under Section 517 of the Criminal Code Cap 34 Vol.11 Laws of Osun State, 2002.

“Count 2: That you Benjamin Segun Bright ‘M’ and others now at large, on the
same date, time, place and in the aforementioned Magisterial District, did have in your possession various adulterated tea and drinks such as Bright Life Herbal Tonic (2) Kaye Bitters (3) Bright Life Herbal Teas (4) Atura Herbal Balm and (5) Dr. Fresh Super Bleach with intent to sell the same as food or drink, which said products were in a state unfit for human consumption, noxious and/or unfit for food or drink, and thereby committed an offence contrary to and punishable under Section 243(1) of the Griminal Code Cap 34 Vol.11 Laws of Osun State, 2002.

“Count 3: That you, Benjamin Segun Bright ‘M’ and others now at large, on the
same date, time, place and in the aforementioned Magisterial District, did unlawfully adulterate various tea and drinks such as Bright Life Herbal teas, Bright Life Herbal Tonic intended for sale as food or drink which is unfit for human consumption, knowing that the same were likely to be sold as food or drink, and thereby committed an offence contrary to and punishable under Section 243(2) of the Criminal Code Cap 34 Vol.Il Laws of Osun State, 2002.”

Bright, however, pleaded not guilty and his counsel, Ngwoke moved application for bail on behalf of his counsel.

Presiding Chief Magistrate, Dr Olusegun Ayilara granted the accused bail in the sum of N5 million with two sureties, one of whom must be a house owner with valid identification and ready to deposit title document.

The other surety must be responsible person three years tax clearance while the address must be verifiable by prosecutor or court clerk.

Ayilra subsequently adjourned the matter to November 30, 2026.

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