Tag: NIGERIAN

  • INDIA PURCHASES NIGERIAN CRUDE AS DANGOTE IMPORTS U.S. OIL

    INDIA PURCHASES NIGERIAN CRUDE AS DANGOTE IMPORTS U.S. OIL

    Indian state refiners, such as Indian Oil Corporation and Bharat Petroleum, are increasingly purchasing Nigerian crude oil, with recent deals for millions of barrels for September and October deliveries, shifting away from Russian crude due to U.S. pressure. Meanwhile, Nigeria’s Dangote Petroleum Refinery, despite being Africa’s largest, is heavily reliant on U.S. crude imports, which…

  • NIGERIAN ECONOMY EXPANDS BY 3.13% IN FIRST QUARTER OF 2025

    NIGERIAN ECONOMY EXPANDS BY 3.13% IN FIRST QUARTER OF 2025

    National Bureau of Statistics (NBS) has announced that Nigeria’s economy grew by 3.13% year-on-year in real terms in Q1 2025, following a GDP rebasing using 2019 as the base year. This marks a 0.86 percentage point increase from 2.27% in Q1 2024. The NBS also revised GDP growth rates for previous years: -6.96% in 2020,…