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 1,324.000 Barrel/Day th in Sep 2024
- This records a decrease from the previous number of 1,352.000 Barrel/Day th for Aug 2024
- Nigeria Crude Oil: Production data is updated monthly, averaging 1,891.000 Barrel/Day th from Jan 2002 to Sep 2024, with 273 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 Sep 2024 in the chart:
What was Nigeria's Crude Oil: Production in Sep 2024?
Nigeria Crude Oil: Production was reported at 1,324.000 Barrel/Day th in Sep 2024 See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1,324.000 Sep 2024 | 1,352.000 Aug 2024 | 1,015.000 Sep 2022 | 2,496.000 Nov 2005 | Barrel/Day th | monthly | Jan 2002 - Sep 2024 |
Crude Oil: Production by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (Barrel/Day th) | 7.000 2006 | yearly | 1995 - 2006 |
| Algeria (Barrel/Day th) | 908.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Angola (Barrel/Day th) | 1,130.000 Nov 2023 | monthly | Oct 2006 - Nov 2023 |
| Argentina (Barrel/Day th) | 635.205 2023 | yearly | 1960 - 2023 |
| Australia (Barrel/Day th) | 85.482 2023 | yearly | 1960 - 2023 |
| Azerbaijan (Barrel/Day th) | 504.244 2023 | yearly | 1960 - 2023 |
| Bahrain (Barrel/Day th) | 183.419 2023 | yearly | 1960 - 2023 |
| Brazil (Barrel/Day th) | 3,401.532 2023 | yearly | 1960 - 2023 |
| Brunei (Barrel/Day th) | 67.468 2023 | yearly | 1960 - 2023 |
| Cameroon (Barrel/Day th) | 87.500 2006 | yearly | 1995 - 2006 |
| Canada (Barrel/Day th) | 1,224.860 2023 | yearly | 1960 - 2023 |
| Chile (Barrel/Day th) | 2.000 2023 | yearly | 1960 - 2023 |
| China (Barrel/Day th) | 4,181.323 2023 | yearly | 1960 - 2023 |
| Colombia (Barrel/Day th) | 776.644 2023 | yearly | 1960 - 2023 |
| Congo (Barrel/Day th) | 271.301 2023 | yearly | 1960 - 2023 |
| Denmark (Barrel/Day th) | 58.342 2023 | yearly | 1960 - 2023 |
| Ecuador (Barrel/Day th) | 535.000 Nov 2019 | monthly | Sep 2007 - Nov 2019 |
| Egypt (%) | 0.311 Aug 2024 | monthly | Aug 2004 - Aug 2024 |
| Equatorial Guinea (Barrel/Day th) | 54.881 2023 | yearly | 1960 - 2023 |
| France (Barrel/Day th) | 14.490 2019 | yearly | 1960 - 2019 |
| Gabon (Barrel/Day th) | 211.000 Jul 2024 | monthly | Apr 2016 - Jul 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) | 544.400 2023 | yearly | 1960 - 2023 |
| Indonesia (Barrel/Day th) | 739.000 Nov 2016 | monthly | Jan 2002 - Nov 2016 |
| Iran (Barrel/Day th) | 3,271.000 Jul 2024 | monthly | Jan 2002 - Jul 2024 |
| Iraq (Barrel/Day th) | 3,792.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Israel (%) | -8.851 Aug 2024 | monthly | Jan 1960 - Aug 2024 |
| Italy (Barrel/Day th) | 77.699 2019 | yearly | 1960 - 2019 |
| Ivory Coast (%) | 2.830 Mar 2024 | monthly | Feb 2022 - Mar 2024 |
| Jordan (%) | 1.313 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Kazakhstan (Barrel/Day th) | 1,567.156 2023 | yearly | 1960 - 2023 |
| Kuwait (Barrel/Day th) | 2,413.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Libya (Barrel/Day th) | 1,175.000 Jul 2024 | monthly | Jan 2002 - Jul 2024 |
| Malawi (%) | 16.313 Dec 2023 | monthly | Jan 2014 - Dec 2023 |
| Malaysia (Barrel/Day th) | 372.792 2023 | yearly | 1960 - 2023 |
| Mexico (Barrel/Day th) | 1,653.184 2023 | yearly | 1960 - 2023 |
| Mozambique (%) | -2.087 Jun 2023 | monthly | Jun 2012 - Jun 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) | 1,324.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Norway (Barrel/Day th) | 1,794.195 2023 | yearly | 1960 - 2023 |
| Oman (Barrel/Day th) | 814.526 2023 | yearly | 1960 - 2023 |
| Palestinian Territory (%) | -28.898 Aug 2024 | monthly | Jan 2012 - Aug 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) | 9,592.386 2023 | yearly | 1960 - 2023 |
| Saudi Arabia (Barrel/Day th) | 8,975.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| South Africa (%) | -1.231 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| Sudan (Barrel/Day th) | 200.471 2023 | yearly | 1960 - 2023 |
| Syria (Barrel/Day th) | 32.112 2022 | yearly | 1960 - 2022 |
| Trinidad and Tobago (Barrel/Day th) | 58.904 2019 | yearly | 1960 - 2019 |
| Tunisia (%) | 1.846 Jun 2024 | monthly | Jan 2001 - Jun 2024 |
| 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) | 2,931.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| United Kingdom (Barrel/Day th) | 645.370 2023 | yearly | 1960 - 2023 |
| United States (Barrel/Day th) | 12,927.088 2023 | yearly | 1960 - 2023 |
| Venezuela (Barrel/Day th) | 943.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Yemen (Barrel/Day th) | 49.000 2022 | yearly | 1960 - 2022 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -5.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -3,274.101 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Government Debt: % of GDP (%) | 49.5 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Forecast: Government Expenditure (NGN bn) | 100,505.650 2029 | yearly | 1990 - 2029 |
| Forecast: Government Net Debt (NGN bn) | 285,181.495 2029 | yearly | 1990 - 2029 |
| Forecast: Government Revenue (NGN bn) | 72,588.069 2029 | yearly | 1990 - 2029 |
| Gross Federation Account Revenue (NGN bn) | 6,285.040 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Balance (NGN bn) | -4,533.420 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Revenue (NGN bn) | 2,305.540 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 6,152.970 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Expenditure: Capital (NGN bn) | 250.290 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 1,733.500 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Expenditure (NGN bn) | 6,838.960 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| 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) | 2,786.0 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Exports (USD mn) | 4,913.5 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Exports Growth (%) | 163.7 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
| Aluminum: Exports (USD th) | 187,832.450 2023 | yearly | 1995 - 2023 |
| 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 (%) | 83.0 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
| 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) | 658.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Imports from USA (USD mn) | 177.707 Jun 2024 | monthly | Dec 2009 - Jun 2024 |
| Total Exports to China (USD mn) | 160.464 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Total Imports from China (USD mn) | 737.510 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Exports: Crude Oil (NGN mn) | 5,457,219.231 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Trade (NGN mn) | 10,433,069.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Growth Rate: MoM (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: America: ow USA (NGN mn) | 975,552.174 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports (NGN mn) | 7,280,672.000 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Europe: ow Netherlands (NGN mn) | 434,520.151 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Europe: ow UK (NGN mn) | 4,761.874 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
| Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
| Imports: Europe: ow Netherlands (NGN mn) | 89,695.701 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Asia: ow China (NGN mn) | 1,092,816.851 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Imports: America: ow USA (NGN mn) | 263,320.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Europe: ow Germany (NGN mn) | 91,725.002 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Europe: ow UK (NGN mn) | 39,682.510 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Food and Live Animals (NGN mn) | 464,465.517 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Manufactured Goods (NGN mn) | 415,104.163 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Chemicals and Chemical Products (NGN mn) | 531,688.790 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports (NGN mn) | 3,152,397.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 564,023.272 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Machinery and Transport Equipment (NGN mn) | 939,658.575 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Foreign Direct Investment: % of GDP (%) | 1.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| 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) | -5.481 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | -86,263.760 2023 | yearly | 2005 - 2023 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
| External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| 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) | 21,896.535 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Money Supply M2 (USD mn) | 67,150.889 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| M2 Growth (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Reserve Requirement Ratio (%) | 50.0 Oct 2024 | monthly | Nov 2005 - Oct 2024 |
| Foreign Exchange Reserves (USD mn) | 34,762.2 Jun 2024 | monthly | Jan 1960 - Jun 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.124 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 16.3 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
| 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) | 73,616.6 Sep 2024 | monthly | Nov 1992 - Sep 2024 |
| Domestic Credit Growth (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Private Debt: % of Nominal GDP (%) | 20.83 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,232,284.010 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 26,891,229.280 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 107,182,219.490 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 13.8 Sep 2024 | monthly | Jul 2015 - Sep 2024 |
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