Nigeria’s oil production is on the rise. For the second consecutive month, the country has surpassed its production target set by the Organization of the Petroleum Exporting Countries (OPEC).
According to OPEC’s latest Monthly Oil Market Report, Nigeria’s average daily crude oil production reached 1.507 million barrels per day (bpd) in July 2025. This is a slight increase from the 1.505 million bpd recorded in June.
Key Takeaways
- Surpassing Targets: This marks the second month in a row that Nigeria has exceeded its OPEC production target.
- Africa’s Top Producer: With this new output figure, Nigeria remains the leading oil producer in Africa, ahead of Algeria’s 937,000 bpd.
- Differing Reports: While OPEC reported Nigeria’s production at 1.507 million bpd, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported a higher figure, claiming output surpassed 1.8 million bpd last month, with a current average of 1.78 million bpd.
- Reason for Increase: Gbenga Komolafe, Chief Executive, NUPRC, attributed the increase to enhanced security operations aimed at boosting production.
The report also noted that global oil inventories are expected to decrease significantly next year, which could put pressure on OPEC and its allies to increase production to meet demand.
