The United States’ import of Nigeria’s crude oil rose to 25.97 million barrels in the first three months of this year from 18.62 million barrels in the same period of 2016, The Punch reports.

The US Energy Information Administration revealed in its latest data that the country bought a record 10.24 million barrels from Nigeria in March, the highest monthly import since July 2013.

With global oil benchmark, Brent crude, averaging $50 per barrel in the first quarter of the year, the 25.97 million barrels imported by the US translate to an income of about $1.3bn for Nigeria.

 

 

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