Nigeria’s average daily crude production rose above the quota allocated to it by the Organisation of the Petroleum Exporting Countries in June 2025.
For the second time in 2025, the country exceeded its OPEC quota of 1.5 million barrels per day. First in January and second in June.
According to a report by the Nigerian Upstream Petroleum Regulatory Commission, the country’s average daily crude production was 1,505,474 barrels, representing 100.4 per cent of the OPEC quota.
Oil production, including crude and condensate, was approximately 1.7 mbpd. This was an improvement in crude production when compared to the previous months.
In May, crude output stood at 1.45mpd while both crude and condensate were 1.65mbpd. Production was as low as 1.60 in March. In its remark, the NUPRC said, “Lowest and peak combined crude oil and condensate production in June were 1.61 million bopd and 1.82 million bopd, respectively.
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The average crude oil production was 100.4 per cent of the OPEC quota (1.5 mbpd). The daily average production in June was 1,697,045 barrels per day, comprising both Crude oil (1,505,474 bopd) and condensate (191,572 bopd).”
However, the output was still below the targeted 2.06mbpd projected in the 2025 budget.
Recently, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited,.Bayo Ojulari, said Nigeria was ramping up production with a medium-term goal to hit 2.06 million barrels per day by 2027.
He expressed optimism that oil output would rise to 1.9mbpd in December this year.
In May, the Nigerian National Petroleum Company Limited (NNPCL) posted ₦6.008tn in revenue for May 2025, a slight rise from the ₦5.972tn recorded in April, amid improved crude oil and condensate production.
According to its monthly Report Summary released by the national oil company on Monday, profit after tax rose by 14 per cent to N1.054tn in May, up from N926bn in April.
