Nigeria’s crude oil production, including condensates, slipped to 1.486 million barrels per day (bpd) in April 2025, a slight decline from 1.491 million bpd recorded in March, according to the latest Monthly Oil Market Report (MOMR) released by the Organization of Petroleum Exporting Countries (OPEC).
The production figures, based on direct submissions from Nigerian authorities, show a marginal decrease in output. OPEC’s secondary sources put Nigeria’s April output even lower, at 1.471 million bpd.
Meanwhile, international crude prices, including Nigeria’s Bonny Light, hovered around $66 per barrel—$9 below the $75 per barrel benchmark set in the 2025 national budget. This shortfall raises concerns about Nigeria’s ability to meet fiscal targets tied to its N54.99 trillion spending plan, which is based on a daily production of 2.06 million bpd and an exchange rate of N1,500 to the dollar.
Contrary to OPEC’s figures, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) offered a more optimistic report. It recorded a 5 percent increase in combined crude and condensate production, with daily output rising to 1.683 million bpd in April from 1.603 million bpd in March.
According to the NUPRC, the country’s average daily output in April comprised 1,485,700 bpd of crude and 197,607 bpd of condensate. The report noted that this performance represented 99 percent compliance with Nigeria’s OPEC production quota of 1.5 million bpd.
The agency also noted that peak production during the month reached 1.73 million bpd, while the lowest point stood at 1.60 million bpd.
In a significant development for the oil sector, the NUPRC confirmed the successful export of Nigeria’s first shipment of the new Obodo crude blend. The cargo was delivered to the global market by Conoil Producing Limited, marking a new chapter for indigenous participation in the country’s oil and gas industry.
NUPRC Chief Executive Officer Gbenga Komolafe praised the milestone, calling it a testament to the growing capacity of local operators to drive growth in the upstream segment and contribute to Nigeria’s energy exports.
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