Crude Oil Production in Nigeria increased to 1383 BBL/D/1K in March from 1314 BBL/D/1K in February of 2026. Crude Oil Production in Nigeria averaged 1814.61 BBL/D/1K from 1973 until 2026, reaching an all time high of 2475.00 BBL/D/1K in November of 2005 and a record low of 675.00 BBL/D/1K in February of 1983. source: Organization of the Petroleum Exporting Countries

Crude Oil Production in Nigeria is expected to be 1720.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Crude Oil Production is projected to trend around 2150.00 BBL/D/1K in 2027 and 2450.00 BBL/D/1K in 2028, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade 355503.23 914775.34 NGN Million Dec 2025
Capital Flows 324.66 -6898.70 USD Million Sep 2025
Crude Oil Production 1383.00 1314.00 BBL/D/1K Mar 2026
Current Account 3416.40 5808.11 USD Million Sep 2025
Current Account to GDP 9.20 1.80 percent of GDP Dec 2024
Exports 6334358.84 6140875.63 NGN Million Dec 2025
Exports by Category
Exports by Country
External Debt 46980.00 45980.00 USD Million Jun 2025
Foreign Direct Investment 718.37 85.07 USD Million Sep 2025
Imports 5978855.61 5226100.29 NGN Million Dec 2025
Imports by Category
Imports by Country
Non Oil Exports 3078220.68 3359637.45 NGN Million Dec 2025
Oil Exports 3256138.16 2781238.19 NGN Million Dec 2025
Remittances 5243.47 5296.43 USD Million Sep 2025
Terms of Trade 102.13 102.00 points Sep 2025
Terrorism Index 7.79 7.66 Points Dec 2025


Nigeria Crude Oil Production
Actual Previous Highest Lowest Dates Unit Frequency
1383.00 1314.00 2475.00 675.00 1973 - 2026 BBL/D/1K Monthly
NSA