Business News of Wednesday, 21 January 2026

Source: www.thenationonlineng.net

Nigeria’s crude production peaked at 554.4mb in 2025, says NUPRC

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Nigerian Upstream Petroleum Regulatory Commission (NUPRC)

Nigeria produced a total of about 554.4 million barrels of crude oil and condensate in 2025 , The Nation learnt yesterday.

This was contained in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) document titled: “Crude oil and condensate production 2025.”

The lowest price of the Brent Crude in 2025 was $63/b at the close of the year, while it opened with $79/b as the highest price.

The average crude oil price in the year was $71/b.

The document also revealed average daily crude oil and condensate produced in the year under review was 1.63mb/d.

In December 2025, the report said Nigeria’s crude oil and condensate output was 1.54mb/d.

This translates to an average of 46.22 million barrels in a month and about 554.4 million barrels in the 12 month period under review..

NUPRC revealed that only crude oil production was 1.42mb/d, representing 95 per cent of the 1.5mb/d quota approved for the country by the Organization of the Petroleum Exporting Countries (OPEC).

According to the report, “the average crude oil production represents 95 per cent of OPEC quota of (1.5mbpd).”

NUPRC added that in December 2025, crude oil and condensate production was 1.54mb/d.

NUPRC said the crude oil and condensate production was as follows: January 1.73mb/d, February 1.73mb/d, March1.69mb/d, April 1.68mb/d, May1.65mb/d, June 1.69mb/d, July 1.71mb/d, August 1.63mb/d, September 1.58mb/d, October 1.59mb/d, November 1.59mb/d, and December 1.54mb/d.

On crude oil production, the document said the output was as follows: January 1.53mb/d, February 1.46mb/d, March 1.40mb/d, April 1.48mb/d, May 1.45mb/d, June 1.50mb/d, July 1.50mb/d, August 1.43mb/d, September 1.38mb/d, October 1.42mb/d, and November 1.43mb/d and 1.42mb/d in December.

The period under review was an experience of opening up of shut-in oil wells and relative peaceful atmosphere in the Niger Delta region.

There were however moments of shutdown for routine maintenance and other incidents like explosion on the Escravos Lagos Pipeline Line (ESPL) that impacted production.