Nigeria lost an estimated $839.22m in oil revenue in the first four months of 2026 after failing to meet its 1.5m barrels per day OPEC quota

Nigeria's total oil production, comprising crude oil and condensates, increased by 2.2 per cent in May to 1.70 million barrels per day (bpd), while crude oil output exceeded the…

Nigeria pumped 1.53 million bpd of crude in May — a 15-month high — as a crackdown on oil theft in the Niger Delta helps Africa's top producer finally meet, and slightly exceed,…

Nigeria lost an estimated $839.22m in oil revenue in the first four months of 2026 after failing to meet its 1.5m barrels per day OPEC quota

Nigeria's crude oil earnings fell by N1.75tn in Q1 2026 despite rising global prices. Discover why crude oil earnings plunged and its impact on Nigeria's e