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Crude Oil

Nigeria Produces 1.49mbpd Crude Oil in April, Misses OPEC Benchmark

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Brent crude oil - Investors King

Nigeria’s crude oil production remained below its allocated quota from the Organization of the Petroleum Exporting Countries in April 2026 despite a modest improvement in output compared to previous months.

Latest figures released by the Nigerian Upstream Petroleum Regulatory Commission showed that the country recorded average daily crude production of approximately 1.49 million barrels during the month, slightly below the 1.5 million barrels per day target assigned by OPEC.

When condensate production was included, Nigeria’s total daily oil output increased to about 1.66 million barrels per day.

The latest production figures extended Nigeria’s inability to fully meet its OPEC allocation for several consecutive months as the country continues to battle structural and operational challenges within the upstream sector.

Industry data showed that production fluctuated throughout April with peak daily output rising above 1.8 million barrels while the lowest recorded level remained significantly weaker.

Although the April figures reflected some recovery compared to earlier months, analysts said the increase was still insufficient to close the gap between Nigeria’s actual crude production and its assigned quota.

Nigeria’s oil sector has continued to face pressure from crude theft, pipeline vandalism, ageing infrastructure and underinvestment, all of which have constrained efforts to significantly increase production capacity.

Energy experts noted that security concerns across key oil-producing regions continue to disrupt operations and weaken investor confidence in the upstream industry.

The Federal Government has repeatedly pledged to increase crude oil production as part of broader plans to improve foreign exchange earnings and strengthen public revenue.

Higher oil output remains critical to Nigeria’s fiscal stability given the country’s dependence on crude exports for a significant share of government income and foreign currency inflows.

Recent reforms and security interventions introduced by authorities have delivered some improvements in production levels, though industry stakeholders argue that more investment in infrastructure and pipeline protection is needed to achieve sustained growth.

Nigeria previously recorded stronger production levels earlier in 2025 before output weakened again amid operational setbacks and supply disruptions.

Analysts said consistent production growth will remain difficult unless long-standing challenges affecting the sector are addressed through stronger security, regulatory stability and increased upstream investment.

The continued production shortfall also reflects the broader difficulties facing several oil-producing nations attempting to balance operational capacity, infrastructure constraints and market expectations under the OPEC production framework.

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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