Nigeria’s crude oil production increased to 1.53 million barrels per day (bpd) in May 2026, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC).
The figure is higher than the 1.489 million bpd recorded in April, representing an increase of 41,000 barrels per day, or about 2.8 percent.
The rise marks the first time Nigeria has produced above its OPEC quota since mid-2025, boosting hopes for increased government revenue and foreign exchange earnings. The development also strengthens Nigeria’s position as Africa’s largest oil producer.
According to OPEC, Nigeria’s improved performance came at a time when overall oil production among members of the Declaration of Cooperation (DoC) declined. Total DoC production averaged 33.13 million bpd in May, down by 190,000 bpd from the previous month.
Reasons for the Improvement
Nigeria has struggled for years to meet its OPEC production target due to challenges such as crude
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