Nigeria's crude oil exports generated N20.22tn in the first five months of 2026, a 29.5% increase despite lower volumes, driven by higher global prices.

Nigeria's crude oil exports generated N20.22tn in the first five months of 2026, a 29.5% increase despite lower volumes, driven by higher global prices.

Nigeria oil production hit a 15-month high in May 2026, topping its OPEC quota at about 1.7 million barrels a day as pipeline security improved.