– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
Eni Completes Sale of Nigerian Oil and Gas Unit AENR to Sterling-Owned APEX
Egypt Signs Preliminary $650 Million Financing Deal for 1GW Solar Project
Ramaphosa Credits SARS Recovery for Stronger South African Public Finances
Nigeria Targets Single-Digit Inflation Before End-2027, Finance Minister Says
Moody’s Sees South Africa Medium-Term Budget as Credit Positive, Cuts Deficit Target to 3.9%
Honeywell Technologies Launches New Industrial AI Platform at Nigeria’s Dangote Refinery
Airtel Money Reports $830 Million Revenue After London Listing as Profit Rises 21%
Senegal Budget Standoff Threatens $2.2 Billion IMF Deal and Debt Restructuring
Zambia Opens Gold Refinery to Boost Local Processing and Diversify Mineral Exports
Kodal Minerals Targets Ghana Lithium Expansion Beyond Mali’s Bougouni Mine
South Africa Proposes 100% Offshore Investment Mandates Under New Financial Centre Framework
Morocco Targets 3% Fiscal Deficit in 2027 Budget as Social Spending Rises to $6.3 Billion
Senegal Bank Creditors Appoint Houlihan Lokey as Debt Restructuring Adviser
JPMorgan Wins Initial Central Bank Approval to Establish Merchant Bank in Nigeria
South32 Shareholders Approve Up to $5.6 Billion Aluminium Asset Sale to Alcoa
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Energy » Nigeria’s Crude Oil Output Rises to 1.38 Million bpd in March 2026, OPEC Reports
Energy

Nigeria’s Crude Oil Output Rises to 1.38 Million bpd in March 2026, OPEC Reports

by Oluebube Elechi April 14, 2026
written by Oluebube Elechi April 14, 2026
FacebookTwitterLinkedinEmail
170

ABUJA, April 14 – Nigeria’s crude oil production increased to 1.38 million barrels per day (bpd) in March 2026, according to the latest monthly oil market report released by the Organization of the Petroleum Exporting Countries (OPEC).

The figure, based on direct communication with Nigerian authorities, represents a rise from 1.31 million bpd recorded in February, indicating a month-on-month increase of about 5.25%.

Data from secondary sources showed slightly higher output levels, placing Nigeria’s production at 1.46 million bpd in March, compared with 1.44 million bpd in the previous month.

The variation reflects differences in reporting methods typically used by OPEC, which combines official submissions with independent estimates. Despite the increase, Nigeria’s production remained below its assigned quota of 1.5 million bpd, falling short by approximately 117,000 bpd.

You Might Be Interested In
  • Aggreko Appoints New Nigeria Head as Energy Firm Expands African Focus

Nigeria retained its position as Africa’s largest oil producer during the period, ahead of Libya, which recorded output of 1.30 million bpd in March.

Across the wider group, OPEC reported that total crude oil production averaged 35.06 million bpd in March. This comes as output levels across the alliance continue to reflect broader market developments.

Separate data from Nigerian authorities showed higher production figures. The Nigerian Upstream Petroleum Regulatory Commission reported output at 1.84 million bpd in early April, while the Nigerian National Petroleum Company Limited put production at 1.71 million bpd.

The differing figures highlight variations in data sources and reporting timelines as Nigeria continues efforts to increase oil output.

Read Next

  • Ivory Coast to Launch Gold Refinery in 2027 as It Targets Africa’s Top Producer Spot

    September 18, 2026
  • Ghana Signs MoU With Shell and Chevron to Advance South Deepwater Tano Exploration

    September 3, 2026
  • Oil Edges Higher but Brent Heads for Longest Annual Losing Streak in 2025

    December 31, 2025
  • Ethiopian Airlines Reports Record $9.1 Billion Revenue as Passenger and Cargo Traffic Grow

    July 29, 2026
  • Morocco Cuts Diesel Prices as Easing Oil Markets Offer Relief to Consumers

    June 1, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy
  • African Economy Inc.