April 17, 2026
BUSINESS

Nigeria’s Crude Oil Output Rises to 1.38m bpd in March – OPEC

Nigeria’s crude oil production climbed to 1.38 million barrels per day (bpd) in March 2026, according to the latest monthly oil market report released by Organization of the Petroleum Exporting Countries.

The report, published on Monday, shows a modest recovery in the country’s oil output, signaling gradual improvement in production levels.

Despite the increase, Nigeria’s production remains below its assigned quota under the OPEC agreement, highlighting ongoing challenges in meeting its full capacity.

The latest figures suggest cautious optimism for the country’s oil sector as efforts continue to boost output and stabilize production.

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