February 15, 2026
Nigeria Hits 1.45 Million Barrels Daily to Lead Africa in Oil Output
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Nigeria Hits 1.45 Million Barrels Daily to Lead Africa in Oil Output

Nigeria’s Oil Royalties Surge 180% in 2024 Despite Falling Crude Profits

Nigeria has recorded crude oil production of about 1.45 million barrels per day, making it the largest producer in Africa, according to the Organisation of the Petroleum Exporting Countries (OPEC). The figure was contained in OPEC’s latest monthly oil market report on member states’ output levels.

The data shows Nigeria overtook other African producers, including Angola, during the period under review. OPEC said the increase reflects improved production levels from Nigerian oil fields and better operational performance in the sector.

Also Read: AI Could Add 20% to Nigeria’s Economy, Says NITDA Boss

Despite the increase, Nigeria did not meet its 1.5 million bpd production quota

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