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Nigeria’s Oil Output Hits Six Year High of 1.56 Million bpd to Beat OPEC+ Quota by 4%

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Nigeria’s upstream petroleum recovery has hit a major milestone, with daily crude oil production surging to its highest level in over six years. The performance validates a sustained joint-security and military offensive targeting illicit crude siphoning and structural pipeline vandalism in the Niger Delta.

According to official data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country’s average strict crude oil production (excluding condensates) climbed to 1.56 million barrels per day (bpd) in June 2026.

The 1.56 million bpd output represents 104% of Nigeria’s 1.5 million bpd OPEC+ production quota. In strict crude terms, this marks a 74-month high, placing the country’s petroleum extraction at its strongest baseline performance since April 2020.

When bundled with an additional 180,000 bpd of light condensates, Nigeria’s total liquid hydrocarbon output reached 1,735,398 bpd in June. This represents a 2.2% month-on-month expansion and marks the fourth consecutive month of overall volume growth.

Curbing the $300 Billion Bleed

The steady recovery of the country’s oil infrastructure—which historically accounts for over 90% of Nigeria’s aggregate foreign exchange earnings—comes after years of chronic volume deficits.

A Senate investigative committee previously estimated that systemic oil theft and infrastructure damage had drained an astronomical $300 billion from the federation accounts over the past decade.

To defend the national balance sheet, the military stepped up active drone and naval surveillance across the winding mangrove creeks of the southern Niger Delta.

According to NUPRC spokesperson Eniola Akinkuotu, the subsequent stabilization of the country’s core trunklines supported improved production uptime and enhanced the overall efficiency of crude evacuation. Scheduled turnaround maintenance activities across key offshore platforms were also finalized without the typical, prolonged outages that historically crippled monthly volume sheets.

Budgetary Breathing Room

The volume expansion provides much-needed fiscal relief for President Bola Tinubu’s administration. Nigeria’s $50 billion federal budget for this fiscal year is built on a daily production benchmark of 1.8 million bpd.

While the June average still falls slightly short of that ambitious target, the peak combined output recorded during the month reached a robust 1.89 million bpd. The NUPRC noted that this peak demonstrates the realistic potential for the country to scale up to a steady 2.0 million bpd capacity in the near-term.



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