Crude Oil Production in Nigeria increased to 1489 BBL/D/1K in April from 1383 BBL/D/1K in March of 2026. Crude Oil Production in Nigeria averaged 1814.10 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 -1961.74 -788.21 USD Million Dec 2025
Crude Oil Production 1489.00 1383.00 BBL/D/1K Apr 2026
Current Account 1397.20 4061.37 USD Million Dec 2025
Current Account to GDP 5.10 6.80 percent of GDP Dec 2025
Exports 6334358.84 6140875.63 NGN Million Dec 2025
Exports by Category
Exports by Country
External Debt 51856.03 48462.93 USD Million Dec 2025
Foreign Direct Investment 1113.01 1455.76 USD Million Dec 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 5724.48 5451.89 USD Million Dec 2025
Terms of Trade 102.28 102.21 points Dec 2025
Terrorism Index 7.79 7.66 Points Dec 2025


Nigeria Crude Oil Production
Actual Previous Highest Lowest Dates Unit Frequency
1489.00 1383.00 2475.00 675.00 1973 - 2026 BBL/D/1K Monthly
NSA