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NIGERIA'S OIL PRODUCTION
Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd) in July 2025, surpassing the Organization of the Petroleum Exporting Countries’ (OPEC) target for the second month in a row.
Oil production in Nigeria decreased to 1,452,941 barrels of oil per day (bpd) in May 2025.
The Nigerian currency oscillated between the N1620-25/$ support line in the unofficial market amid the resurgence of the dollar in the global financial market.
Data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) show that Nigeria’s daily average crude oil production in February declined by about five percent from what was produced in January.
Nigeria’s crude oil and condensate productions have increased to 1.53 million barrels per day in the month of July, this is according to data from Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Nigeria's oil production in June 2023 experienced an increase, providing a cushion for OPEC producers, as reported by Reuters.