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Airlines Lose N7.5bn as Israel–Iran Conflict Grounds Flights

International airlines flying between Nigeria and the Middle East have lost more than ₦7.5bn in revenue after escalating conflict involving the US, Israel, and Iran.
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FAAN Issues Travel Advisory Over Middle East Flight Disruptions

The Federal Airports Authority of Nigeria (FAAN) has announced flight cancellations and delays to Middle East destinations due to airspace closures.
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US Cuts Nigerian Imports by 41%

The United States has slashed its imports of Nigerian goods by 41 per cent in just one month, raising alarm over the fragile state of Nigeria’s trade relations with one of its most strategic global partners.
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US Emerges Net Exporter of Refined Oil to Nigeria

The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the U.S. East Coast slowed due to refinery maintenance, and the Dangote refinery drove up Nigeria’s demand for inputs.
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US Imports $1.34bn Nigerian Crude Oil in Five Months

The United States imported Nigerian crude oil worth $1.34 billion between January and May 2025, reinforcing Nigeria’s position as America’s top African crude supplier despite growing pressures on broader trade flows.
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Nigeria’s Exports to US Plummet by $527m

The trade relationship between the United States and Nigeria has suffered a significant setback, as official data from the US Census Bureau and the Bureau of Economic Analysis show that US imports of Nigerian goods decreased by $527m.
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Economic Confidential is a magazine published and produced by Image Merchant Promotion (IMPR) Limited, an Abuja-based Public Relations (PR) outfit with specialty in Media Relations, Crisis Communication, Social Media, Publishing, and Integrated Marketing Communication.

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