Crude Oil Production in Nigeria decreased to 1422 BBL/D/1K in December from 1436 BBL/D/1K in November of 2025. Crude Oil Production in Nigeria averaged 1816.64 BBL/D/1K from 1973 until 2025, 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 1400.00 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 1450.00 BBL/D/1K in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade 2296667.51 1866343.76 NGN Million Sep 2025
Capital Flows 324.66 -6898.70 USD Million Sep 2025
Crude Oil Production 1422.00 1436.00 BBL/D/1K Dec 2025
Current Account 3416.40 5808.11 USD Million Sep 2025
Current Account to GDP 9.20 1.80 percent of GDP Dec 2024
Exports 6859839.59 7091647.79 NGN Million Sep 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 4563172.08 5225304.03 NGN Million Sep 2025
Imports by Category
Imports by Country
Non Oil Exports 2911985.19 3182361.55 NGN Million Sep 2025
Oil Exports 3947854.40 3909286.24 NGN Million Sep 2025
Remittances 5243.47 5296.43 USD Million Sep 2025
Terms of Trade 101.37 101.15 points Mar 2025
Terrorism Index 7.66 7.58 Points Dec 2024


Nigeria Crude Oil Production
Actual Previous Highest Lowest Dates Unit Frequency
1422.00 1436.00 2475.00 675.00 1973 - 2025 BBL/D/1K Monthly
NSA