Nigeria’s oil production rebounded in April 2026, averaging 1.663 million barrels per day (bpd) of crude and condensates, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
2025
Nigeria exported 485.44 million barrels of crude oil in 2025, representing 82% of total production, according to a report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted over N322bn and $116.9m into the Federation Account within two months, following the implementation of Executive Order 9 signed by President Bola Tinubu in February 2026.
Domestic refineries received only 28.5 million barrels of crude oil in Q1 2026, far below the 61.9 million barrels allocated, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Nigeria’s upstream oil and gas sector has attracted over $24 billion in capital inflows following targeted interventions by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), according to NNPCL Group Chief Executive Officer, Engr. Bashir Bayo Ojulari.
Upstream Oil Sector Attracts $10bn in New Investments
Nigeria’s upstream oil and gas sector is witnessing a resurgence in investor confidence, with over $10bn in new investments unlocked through recent regulatory reforms, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said.
The Commission Chief Executive of...
