Key points Introduction Nigeria’s oil sector is undergoing a quiet but profound transformation—one that, at first glance, appears contradictory. Africa’s largest crude producer is increasingly importing crude oil, particularly from the United States, even as it exports hundreds of millions of barrels to the global market. Between January 2024 and January 2026, Nigeria imported approximately … Continue reading Crude paradox: Why Nigeria imports U.S. oil while exporting millions of barrels