Nigeria Crude Oil: Production

2002 - 2023 | Monthly | Barrel/Day th | Organization of the Petroleum Exporting Countries

Key information about Nigeria Crude Oil: Production

  • Nigeria Crude Oil: Production was reported at 1,416.000 Barrel/Day th in Oct 2023
  • This records an increase from the previous number of 1,399.000 Barrel/Day th for Sep 2023
  • Nigeria Crude Oil: Production data is updated monthly, averaging 1,908.500 Barrel/Day th from Jan 2002 to Oct 2023, with 262 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
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View Nigeria's Crude Oil: Production from Jan 2002 to Oct 2023 in the chart:

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Nigeria Crude Oil: Production
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Nigeria Crude Oil: Production

What was Nigeria's Crude Oil: Production in Oct 2023?

Nigeria Crude Oil: Production was reported at 1,416.000 Barrel/Day th in Oct 2023 See the table below for more data.

Last Previous Min Max Unit Frequency Range
1,416.000 Oct 2023 1,399.000 Sep 2023 1,015.000 Sep 2022 2,496.000 Nov 2005 Barrel/Day th monthly Jan 2002 - Oct 2023

Crude Oil: Production by Country Comparison

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country/region Last Frequency Range
Albania (Barrel/Day th) 7.000 2006 yearly 1995 - 2006
Algeria (Barrel/Day th) 961.000 Oct 2023 monthly Jan 2002 - Oct 2023
Angola (Barrel/Day th) 1,172.000 Oct 2023 monthly Oct 2006 - Oct 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 (%) -0.742 Sep 2023 monthly Jan 2021 - Sep 2023
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) 216.000 Oct 2023 monthly Apr 2016 - Oct 2023
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) 3,115.000 Oct 2023 monthly Jan 2002 - Oct 2023
Iraq (Barrel/Day th) 4,329.000 Oct 2023 monthly Jan 2002 - Oct 2023
Israel (%) 4.614 Aug 2023 monthly Jan 2005 - Aug 2023
Italy (Barrel/Day th) 77.699 2019 yearly 1960 - 2019
Ivory Coast (%) 4.225 Jul 2023 monthly Feb 2022 - Jul 2023
Jordan (%) 0.409 Sep 2023 monthly Jan 2003 - Sep 2023
Kazakhstan (Barrel/Day th) 1,464.022 2022 yearly 1960 - 2022
Kuwait (Barrel/Day th) 2,553.000 Oct 2023 monthly Jan 2002 - Oct 2023
Libya (Barrel/Day th) 1,143.000 Oct 2023 monthly Jan 2002 - Oct 2023
Malawi (%) -27.710 Dec 2020 monthly Jan 2014 - Dec 2020
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) 1,416.000 Oct 2023 monthly Jan 2002 - Oct 2023
Norway (Barrel/Day th) 1,685.121 2022 yearly 1960 - 2022
Oman (Barrel/Day th) 848.016 2022 yearly 1960 - 2022
Palestinian Territory (%) -0.652 Sep 2023 monthly Jan 2012 - Sep 2023
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) 8,992.000 Oct 2023 monthly Jan 2002 - Oct 2023
South Africa (%) -4.288 Sep 2023 monthly Jan 1999 - Sep 2023
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 (%) -7.685 Jun 2023 monthly Jan 2001 - Jun 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) 2,940.000 Oct 2023 monthly Jan 2002 - Oct 2023
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) 751.000 Oct 2023 monthly Jan 2002 - Oct 2023
Yemen (Barrel/Day th) 49.000 2022 yearly 1960 - 2022

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Nigeria Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Consolidated Fiscal Balance (USD mn) -3,119.933 Mar 2023 quarterly Mar 2005 - Mar 2023
National Government Debt (USD mn) 105,874.7 Jun 2023 quarterly Dec 2006 - Jun 2023
Government Debt: % of GDP (%) 38.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Forecast: Government Expenditure (NGN bn) 69,308.370 2028 yearly 1990 - 2028
Forecast: Government Net Debt (NGN bn) 205,772.042 2028 yearly 1990 - 2028
Forecast: Government Revenue (NGN bn) 42,354.643 2028 yearly 1990 - 2028
Federal Govt Balance (NGN bn) -2,778.020 Jun 2023 quarterly Mar 2005 - Jun 2023
Federal Govt Expenditure: Capital (NGN bn) 577.610 Jun 2023 quarterly Mar 2005 - Jun 2023
Gross Federation Account Revenue (NGN bn) 3,417.450 Jun 2023 quarterly Mar 2005 - Jun 2023
Federal Govt Expenditure: Recurrent (NGN bn) 3,727.570 Jun 2023 quarterly Mar 2005 - Jun 2023
Gross Federation Account Revenue: Oil (NGN bn) 809.020 Jun 2023 quarterly Mar 2005 - Jun 2023
Federal Govt Revenue (NGN bn) 1,733.060 Jun 2023 quarterly Mar 2005 - Jun 2023
Federal Govt Expenditure (NGN bn) 4,511.090 Jun 2023 quarterly Mar 2005 - Jun 2023
Government Debt: Domestic (NGN bn) 21,551.925 Sep 2022 quarterly Dec 2005 - Sep 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,864.8 Jun 2023 monthly Jan 2003 - Jun 2023
Total Exports (USD mn) 4,980.1 Jun 2023 monthly Jan 2003 - Jun 2023
Total Exports Growth (%) 20.8 Jun 2023 monthly Jan 2004 - Jun 2023
Aluminum: Exports (USD th) 165,096.506 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 (%) -51.0 Jun 2023 monthly Jan 2004 - Jun 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) 572.559 Jun 2023 monthly Jan 2003 - Jun 2023
Total Imports from USA (USD mn) 152.825 Jun 2023 monthly Dec 2009 - Jun 2023
Total Exports to China (USD mn) 95.340 Jun 2023 monthly Jan 2007 - Jun 2023
Total Imports from China (USD mn) 789.577 Jun 2023 monthly Jan 2007 - Jun 2023
Imports (NGN mn) 1,285,540.268 Jun 2023 monthly Jan 2003 - Jun 2023
Exports: Crude Oil (NGN mn) 2,414,082.844 Jun 2023 monthly Jan 2003 - Jun 2023
Total Trade (NGN mn) 4,312,166.584 Jun 2023 monthly Jan 2003 - Jun 2023
Exports: America: ow USA (NGN mn) 347,972.110 Jun 2023 monthly Jan 2003 - Jun 2023
Exports: Europe: ow Netherlands (NGN mn) 211,211.147 Jun 2023 monthly Jan 2003 - Jun 2023
Exports (NGN mn) 3,026,626.316 Jun 2023 monthly Jan 2003 - Jun 2023
Exports: Europe: ow UK (NGN mn) 261,128.427 Jun 2023 monthly Jan 2003 - Jun 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: Asia: ow China (NGN mn) 479,864.758 Jun 2023 monthly Jan 2007 - Jun 2023
Imports: Europe: ow Germany (NGN mn) 28,945.326 Jun 2023 monthly Jan 2003 - Jun 2023
Imports: Europe: ow Netherlands (NGN mn) 65,817.881 Jun 2023 monthly Jan 2003 - Jun 2023
Imports: America: ow USA (NGN mn) 92,879.196 Jun 2023 monthly Jan 2003 - Jun 2023
Imports: Europe: ow UK (NGN mn) 22,052.326 Jun 2023 monthly Jan 2003 - Jun 2023
Imports: Chemicals and Chemical Products (NGN mn) 209,078.730 Jun 2023 monthly Jan 2003 - Jun 2023
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 103,084.916 Jun 2023 monthly Jan 2003 - Jun 2023
Imports: Manufactured Goods (NGN mn) 154,179.230 Jun 2023 monthly Jan 2003 - Jun 2023
Imports: Food and Live Animals (NGN mn) 260,951.755 Jun 2023 monthly Jan 2003 - Jun 2023
Imports: Machinery and Transport Equipment (NGN mn) 456,731.551 Jun 2023 monthly Jan 2003 - Jun 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 274.7 Dec 2022 quarterly Mar 2008 - Dec 2022
Current Account Balance (USD mn) 2,348.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Current Account Balance: % of GDP (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Direct Investment (USD mn) 752.7 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Direct Investment: % of GDP (%) 0.6 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment (USD mn) 337.399 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) 0.3 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -2.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 339.714 Dec 2022 quarterly Mar 2008 - Dec 2022
External Debt (USD mn) 43,159.2 Jun 2023 quarterly Dec 2006 - Jun 2023
External Debt: % of GDP (%) 8.9 2022 yearly 1985 - 2022
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) -1.502 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -77,562.105 2022 yearly 2005 - 2022
BoP: CA: Current Transfers (USD mn) 5,442.967 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Capital Account (USD mn) 0.000 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) 94.452 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,000.946 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -182.419 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) 1,437.945 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Other Investment (USD mn) -1,699.632 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods (USD mn) 2,798.047 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Assets (USD mn) -1,085.664 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income (USD mn) -2,264.294 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods: Debit (USD mn) -11,787.111 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Current Transfers: Credit (USD mn) 5,452.430 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income: Debit (USD mn) -2,775.122 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 848.311 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services: Debit (USD mn) -4,428.113 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Current Transfers: Debit (USD mn) -505.024 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: Net Errors & Omission (USD mn) -3,201.073 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income: Credit (USD mn) 510.828 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services: Credit (USD mn) 1,295.268 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services (USD mn) -3,132.845 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods: Credit (USD mn) 14,585.159 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Liabilities (USD mn) 1,938.423 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account (USD mn) 852.759 Dec 2022 quarterly Mar 2008 - Dec 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 43,159.190 Jun 2023 quarterly Dec 2006 - Jun 2023
External Debt: Government: International Capital Market (USD mn) 15,618.350 Jun 2023 quarterly Mar 2011 - Jun 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) 32,984.407 Sep 2023 monthly Nov 1992 - Sep 2023
Money Supply M2 (USD mn) 86,392.467 Sep 2023 monthly Nov 1992 - Sep 2023
M2 Growth (%) 34.6 Sep 2023 monthly Nov 1993 - Sep 2023
Reserve Requirement Ratio (%) 32.5 Oct 2023 monthly Nov 2005 - Oct 2023
Foreign Exchange Reserves (USD mn) 34,390.0 May 2023 monthly Jan 1960 - May 2023
Foreign Exchange Reserves: % of GDP (%) 7.433 Mar 2023 quarterly Dec 2010 - Mar 2023
Foreign Exchange Reserves: Months of Import (NA) 15.9 Jun 2023 monthly Jan 2003 - Jun 2023
Gold Reserves (USD mn) 1,320.221 Jun 2023 monthly Dec 1950 - Jun 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) 120,607.0 Sep 2023 monthly Nov 1992 - Sep 2023
Domestic Credit Growth (%) 46.4 Sep 2023 monthly Nov 1993 - Sep 2023
Private Debt: % of Nominal GDP (%) 12.94 Dec 2022 quarterly Dec 2010 - Dec 2022
Monetary Survey: Liabilities: Base Money (NGN mn) 19,506,555.340 Sep 2023 monthly Jan 1993 - Sep 2023
Monetary Survey: Liabilities: M2: M1 (NGN mn) 25,357,092.620 Sep 2023 monthly Nov 1992 - Sep 2023
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 41,057,980.140 Sep 2023 monthly Nov 1992 - Sep 2023
Monetary Survey: Liabilities: M2 (NGN mn) 66,415,072.760 Sep 2023 monthly Nov 1992 - Sep 2023
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) 7.0 May 2023 monthly Jul 2015 - May 2023

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