Nigeria exported crude oil worth N47.43trn in the 12 months of 2025, analysis of trade statistics by the National Bureau of Statistics (NBS) has shown.
Analysis of the reports showed that the N12.95trn of the product was exported in the first quarter of 2025 which dropped to N11.96trn in the second quarter.
The figure rose back to N12.8trn in the third quarter but the fourth quarter recorded the least exportation as the figure dropped to N9.7trn.
Analysis by countries showed that Spain was Nigeria’s largest customer during the year purchasing N4.9tr worth of crude oil followed by France with N4.8trn and India with N4.2trn worth of the product.
Next is Canada who purchased N4.1trn of Nigeria’s crude oil while the Netherlands followed with N4.6trn worth of the product. Italy also purchased N4.01trn worth of crude oil with Indonesia buying N3.6trn while the United States of America purchased N2.8trn of the product.
South Africa bought N1.3trn of crude oil during the period while Malaysia N458.9bn, China bought N393.3bn, Togo also purchased N113.3bn of crude with Ivory Coast buying N745,6bn and Ghana buying N160bn of the product.
