Nigeria spent $1.39bn on foreign crude in Q1, says report

AI Summary

Nigeria imported $1.39 billion worth of foreign crude oil in the first quarter of 2026, despite being Africa's largest crude producer, according to a recent report highlighting reliance on imported crude.

Nigeria imported $1.39bn worth of foreign crude oil in Q1 2026, despite being Africa’s largest producer, a new report reveals. Read More: https://punchng.com/nigeria-spent-1-39bn-on-foreign-crude-in-q1-says-report/