Nigeria Crude Oil: Production
2002 - 2024 | Monthly | Barrel/Day th | Organization of the Petroleum Exporting Countries
Key information about Nigeria Crude Oil: Production
- Nigeria Crude Oil: Production was reported at 1,354.000 Barrel/Day th in Apr 2024
- This records a decrease from the previous number of 1,400.000 Barrel/Day th for Mar 2024
- Nigeria Crude Oil: Production data is updated monthly, averaging 1,902.500 Barrel/Day th from Jan 2002 to Apr 2024, with 268 observations
- The data reached an all-time high of 2,496.000 Barrel/Day th in Nov 2005 and a record low of 1,015.000 Barrel/Day th in Sep 2022
- Nigeria Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
- The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: OPEC Members: Monthly
View Nigeria's Crude Oil: Production from Jan 2002 to Apr 2024 in the chart:
What was Nigeria's Crude Oil: Production in Apr 2024?
Nigeria Crude Oil: Production was reported at 1,354.000 Barrel/Day th in Apr 2024 See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1,354.000 Apr 2024 | 1,400.000 Mar 2024 | 1,015.000 Sep 2022 | 2,496.000 Nov 2005 | Barrel/Day th | monthly | Jan 2002 - Apr 2024 |
Crude Oil: Production by Country Comparison
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Includes Crude Oil: Production on 62 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (Barrel/Day th) | 7.000 2006 | yearly | 1995 - 2006 |
| Algeria (Barrel/Day th) | 909.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Angola (Barrel/Day th) | 1,130.000 Nov 2023 | monthly | Oct 2006 - Nov 2023 |
| Argentina (Barrel/Day th) | 582.230 2022 | yearly | 1960 - 2022 |
| Australia (Barrel/Day th) | 110.438 2022 | yearly | 1960 - 2022 |
| Azerbaijan (Barrel/Day th) | 558.356 2022 | yearly | 1960 - 2022 |
| Bahrain (Barrel/Day th) | 189.721 2022 | yearly | 1960 - 2022 |
| Brazil (Barrel/Day th) | 3,021.636 2022 | yearly | 1960 - 2022 |
| Brunei (Barrel/Day th) | 84.268 2022 | yearly | 1960 - 2022 |
| Cameroon (Barrel/Day th) | 87.500 2006 | yearly | 1995 - 2006 |
| Canada (Barrel/Day th) | 1,232.263 2022 | yearly | 1960 - 2022 |
| Chile (Barrel/Day th) | 2.000 2022 | yearly | 1960 - 2022 |
| China (Barrel/Day th) | 4,093.860 2022 | yearly | 1960 - 2022 |
| Colombia (Barrel/Day th) | 754.247 2022 | yearly | 1960 - 2022 |
| Congo (Barrel/Day th) | 261.604 2022 | yearly | 1960 - 2022 |
| Denmark (Barrel/Day th) | 64.633 2022 | yearly | 1960 - 2022 |
| Ecuador (Barrel/Day th) | 535.000 Nov 2019 | monthly | Sep 2007 - Nov 2019 |
| Egypt (%) | -2.555 Mar 2024 | monthly | Jan 2021 - Mar 2024 |
| Equatorial Guinea (Barrel/Day th) | 81.295 2022 | yearly | 1960 - 2022 |
| France (Barrel/Day th) | 14.490 2019 | yearly | 1960 - 2019 |
| Gabon (Barrel/Day th) | 219.000 Apr 2024 | monthly | Apr 2016 - Apr 2024 |
| Germany (Barrel/Day th) | 37.836 2019 | yearly | 1960 - 2019 |
| Hungary (Barrel/Day th) | 17.800 2006 | yearly | 1995 - 2006 |
| India (Barrel/Day th) | 563.189 2022 | yearly | 1960 - 2022 |
| Indonesia (Barrel/Day th) | 739.000 Nov 2016 | monthly | Jan 2002 - Nov 2016 |
| Iran (Barrel/Day th) | 3,212.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Iraq (Barrel/Day th) | 4,181.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Israel (%) | -4.035 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
| Italy (Barrel/Day th) | 77.699 2019 | yearly | 1960 - 2019 |
| Ivory Coast (%) | 6.564 Dec 2023 | monthly | Feb 2022 - Dec 2023 |
| Jordan (%) | 0.326 Mar 2024 | monthly | Jan 2003 - Mar 2024 |
| Kazakhstan (Barrel/Day th) | 1,464.022 2022 | yearly | 1960 - 2022 |
| Kuwait (Barrel/Day th) | 2,436.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Libya (Barrel/Day th) | 1,179.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Malawi (%) | 68.224 Dec 2022 | monthly | Jan 2014 - Dec 2022 |
| Malaysia (Barrel/Day th) | 396.915 2022 | yearly | 1960 - 2022 |
| Mexico (Barrel/Day th) | 1,622.496 2022 | yearly | 1960 - 2022 |
| Mozambique (%) | -11.361 Mar 2023 | monthly | Jun 2012 - Mar 2023 |
| Netherlands (Barrel/Day th) | 14.595 2019 | yearly | 1960 - 2019 |
| New Zealand (Barrel/Day th) | 23.682 2019 | yearly | 1960 - 2019 |
| Nigeria (Barrel/Day th) | 1,354.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Norway (Barrel/Day th) | 1,685.121 2022 | yearly | 1960 - 2022 |
| Oman (Barrel/Day th) | 848.016 2022 | yearly | 1960 - 2022 |
| Palestinian Territory (%) | -26.637 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| Peru (Barrel/Day th) | 53.008 2019 | yearly | 1960 - 2019 |
| Qatar (Barrel/Day th) | 595.000 Sep 2018 | monthly | Jan 2002 - Sep 2018 |
| Romania (Barrel/Day th) | 69.907 2019 | yearly | 1960 - 2019 |
| Russia (Barrel/Day th) | 9,756.049 2022 | yearly | 1960 - 2022 |
| Saudi Arabia (Barrel/Day th) | 9,029.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| South Africa (%) | -6.359 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Sudan (Barrel/Day th) | 205.490 2022 | yearly | 1960 - 2022 |
| Syria (Barrel/Day th) | 32.112 2022 | yearly | 1960 - 2022 |
| Trinidad and Tobago (Barrel/Day th) | 58.904 2019 | yearly | 1960 - 2019 |
| Tunisia (%) | -4.398 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
| Turkey (Barrel/Day th) | 57.518 2019 | yearly | 1960 - 2019 |
| Turkmenistan (Barrel/Day th) | 162.575 2019 | yearly | 1960 - 2019 |
| Ukraine (Barrel/Day th) | 34.260 2019 | yearly | 1960 - 2019 |
| United Arab Emirates (Barrel/Day th) | 2,930.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| United Kingdom (Barrel/Day th) | 723.047 2022 | yearly | 1960 - 2022 |
| United States (Barrel/Day th) | 11,886.901 2022 | yearly | 1960 - 2022 |
| Venezuela (Barrel/Day th) | 809.000 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Yemen (Barrel/Day th) | 49.000 2022 | yearly | 1960 - 2022 |
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Includes 184 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.8 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Consolidated Fiscal Balance (USD mn) | -3,071.175 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Government Debt: % of GDP (%) | 39.8 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Forecast: Government Expenditure (NGN bn) | 99,387.936 2029 | yearly | 1990 - 2029 |
| Forecast: Government Net Debt (NGN bn) | 205,772.040 2028 | yearly | 1990 - 2028 |
| Forecast: Government Revenue (NGN bn) | 74,924.965 2029 | yearly | 1990 - 2029 |
| Federal Govt Balance (NGN bn) | -2,347.160 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Federal Govt Expenditure: Capital (NGN bn) | 1,043.310 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 2,791.110 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Gross Federation Account Revenue (NGN bn) | 4,791.390 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Gross Federation Account Revenue: Oil (NGN bn) | 814.230 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Federal Govt Revenue (NGN bn) | 1,693.020 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Federal Govt Expenditure (NGN bn) | 4,040.180 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Government Debt: Domestic (NGN bn) | 53,258.012 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 1,888.9 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Total Exports (USD mn) | 4,751.7 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Total Exports Growth (%) | 82.1 Dec 2023 | monthly | Jan 2004 - Dec 2023 |
| Aluminum: Exports (USD th) | 165,856.846 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 2,876.353 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 480.530 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
| Total Imports Growth (%) | 108.9 Dec 2023 | monthly | Jan 2004 - Dec 2023 |
| Imports: Medicament (USD th) | 755,360.705 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 508,406.689 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 332.105 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Total Imports from USA (USD mn) | 176.789 Dec 2023 | monthly | Dec 2009 - Dec 2023 |
| Total Exports to China (USD mn) | 24.772 Sep 2023 | monthly | Jan 2007 - Sep 2023 |
| Total Imports from China (USD mn) | 700.360 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
| Imports (NGN mn) | 2,429,185.197 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Exports: Crude Oil (NGN mn) | 3,404,818.113 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Total Trade (NGN mn) | 6,865,948.584 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Growth Rate: MoM (%) | -14.374 Dec 2023 | monthly | Jan 2019 - Dec 2023 |
| Exports: Growth Rate: MoM (%) | 0.389 Dec 2023 | monthly | Jan 2019 - Dec 2023 |
| Exports: Europe: ow Netherlands (NGN mn) | 523,568.988 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports: America: ow USA (NGN mn) | 299,453.208 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports: Europe: ow UK (NGN mn) | 93,037.938 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports (NGN mn) | 4,284,566.609 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Exports: Mineral Products (NGN mn) | 24,389,951.388 2022 | yearly | 2003 - 2022 |
| Exports: Vegetable Products (NGN mn) | 316,546.604 2022 | yearly | 2003 - 2022 |
| Imports: Europe: ow Netherlands (NGN mn) | 158,090.619 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Asia: ow China (NGN mn) | 631,502.155 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
| Imports: Europe: ow Germany (NGN mn) | 68,742.651 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Imports: America: ow USA (NGN mn) | 159,407.643 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Europe: ow UK (NGN mn) | 71,966.938 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Imports: Chemicals and Chemical Products (NGN mn) | 385,751.608 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 810,486.908 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Manufactured Goods (NGN mn) | 184,959.341 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Imports: Food and Live Animals (NGN mn) | 364,417.505 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Imports: Machinery and Transport Equipment (NGN mn) | 639,703.694 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 44.0 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Current Account Balance (USD mn) | 1,545.4 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
| Current Account Balance: % of GDP (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
| Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Foreign Direct Investment: % of GDP (%) | 1.1 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
| Foreign Portfolio Investment (USD mn) | 2,876.923 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Foreign Portfolio Investment: % of GDP (%) | 3.6 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 270.9 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 2,606.059 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| External Debt (USD mn) | 42,495.2 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
| External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
| External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
| Forecast: Current Account Balance (USD bn) | 0.890 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | -90,273.874 2022 | yearly | 2005 - 2022 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Capital Inflow: Foreign Direct Investment (USD) | 20,080,525.860 Nov 2022 | monthly | Jan 2007 - Nov 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
| Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
| Money Supply M1 (USD mn) | 24,423.728 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Money Supply M2 (USD mn) | 69,409.454 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| M2 Growth (%) | 70.4 Mar 2024 | monthly | Nov 1993 - Mar 2024 |
| Reserve Requirement Ratio (%) | 45.0 Apr 2024 | monthly | Nov 2005 - Apr 2024 |
| Foreign Exchange Reserves (USD mn) | 33,217.6 Dec 2023 | monthly | Jan 1960 - Dec 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 8.942 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 11.6 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Gold Reserves (USD mn) | 1,273.284 Sep 2023 | monthly | Dec 1950 - Sep 2023 |
| Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
| Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
| Domestic Credit (USD mn) | 68,258.1 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Domestic Credit Growth (%) | 28.7 Mar 2024 | monthly | Nov 1993 - Mar 2024 |
| Private Debt: % of Nominal GDP (%) | 16.22 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 23,384,818.660 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 32,489,908.180 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 59,842,712.030 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 92,332,620.210 Mar 2024 | monthly | Nov 1992 - Mar 2024 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Non Performing Loans to Gross Loans (%) | 4.210 Dec 2022 | semiannually | Dec 2003 - Dec 2022 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -0.6 Nov 2023 | monthly | Jul 2015 - Nov 2023 |
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