Nigeria Crude Oil: Production

2002 - 2021 | Monthly | Barrel/Day th | Organization of the Petroleum Exporting Countries

Nigeria Crude Oil: Production was reported at 1,481.000 Barrel/Day th in Mar 2021. This records an increase from the previous number of 1,474.000 Barrel/Day th for Feb 2021. Nigeria Crude Oil: Production data is updated monthly, averaging 1,945.000 Barrel/Day th from Jan 2002 to Mar 2021, with 231 observations. The data reached an all-time high of 2,496.000 Barrel/Day th in Nov 2005 and a record low of 1,328.000 Barrel/Day th in Jan 2021. 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. [COVID-19-IMPACT]

View Nigeria's Crude Oil: Production from Jan 2002 to Mar 2021 in the chart:

Nigeria Crude Oil: Production

What was Nigeria's Crude Oil: Production in Mar 2021?

Last Previous Min Max Unit Frequency Range
1,481.000 Mar 2021 1,474.000 Feb 2021 1,328.000 Jan 2021 2,496.000 Nov 2005 Barrel/Day th monthly Jan 2002 - Mar 2021

Crude Oil: Production by Country Comparison

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Includes Crude Oil: Production on 61 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) 873.000 Mar 2021 monthly Jan 2002 - Mar 2021
Angola (Barrel/Day th) 1,163.000 Mar 2021 monthly Oct 2006 - Mar 2021
Argentina (Barrel/Day th) 508.630 2019 yearly 1960 - 2019
Australia (Barrel/Day th) 360.679 2019 yearly 1964 - 2019
Azerbaijan (Barrel/Day th) 678.496 2019 yearly 1960 - 2019
Bahrain (Barrel/Day th) 194.373 2019 yearly 1960 - 2019
Brazil (Barrel/Day th) 2,787.668 2019 yearly 1960 - 2019
Brunei (Barrel/Day th) 109.641 2019 yearly 1960 - 2019
Cameroon (Barrel/Day th) 87.500 2006 yearly 1995 - 2006
Canada (Barrel/Day th) 1,301.904 2019 yearly 1960 - 2019
Chile (Barrel/Day th) 2.833 2019 yearly 1960 - 2019
China (Barrel/Day th) 3,825.016 2019 yearly 1960 - 2019
Colombia (Barrel/Day th) 885.863 2019 yearly 1960 - 2019
Congo (Barrel/Day th) 329.197 2019 yearly 1960 - 2019
Denmark (Barrel/Day th) 101.668 2019 yearly 1973 - 2019
Ecuador (Barrel/Day th) 535.000 Nov 2019 monthly Sep 2007 - Nov 2019
Egypt (%) -8.946 Feb 2021 monthly Jan 2021 - Feb 2021
Equatorial Guinea (Barrel/Day th) 109.583 2019 yearly 1994 - 2019
France (Barrel/Day th) 14.490 2019 yearly 1960 - 2019
Gabon (Barrel/Day th) 182.000 Mar 2021 monthly Apr 2016 - Mar 2021
Germany (Barrel/Day th) 37.836 2019 yearly 1960 - 2019
Hungary (Barrel/Day th) 17.800 2006 yearly 1995 - 2006
India (Barrel/Day th) 654.584 2019 yearly 1960 - 2019
Indonesia (Barrel/Day th) 739.000 Nov 2016 monthly Jan 2002 - Nov 2016
Iran (Barrel/Day th) 2,304.000 Mar 2021 monthly Jan 2002 - Mar 2021
Iraq (Barrel/Day th) 3,914.000 Mar 2021 monthly Jan 2002 - Mar 2021
Italy (Barrel/Day th) 77.699 2019 yearly 1960 - 2019
Ivory Coast (%) -4.631 Feb 2021 monthly Jan 2015 - Feb 2021
Jordan (%) -11.020 Feb 2021 monthly Jan 2003 - Feb 2021
Kazakhstan (Barrel/Day th) 1,549.808 2019 yearly 1960 - 2019
Kuwait (Barrel/Day th) 2,327.000 Mar 2021 monthly Jan 2002 - Mar 2021
Libya (Barrel/Day th) 1,196.000 Mar 2021 monthly Jan 2002 - Mar 2021
Malawi (%) -2.504 Dec 2019 monthly Jan 2014 - Dec 2019
Malaysia (Barrel/Day th) 608.734 2019 yearly 1980 - 2019
Mexico (Barrel/Day th) 1,678.055 2019 yearly 1960 - 2019
Mozambique (%) -31.559 Dec 2020 monthly Jun 2012 - Dec 2020
Netherlands (Barrel/Day th) 14.595 2019 yearly 1960 - 2019
New Zealand (Barrel/Day th) 23.682 2019 yearly 1970 - 2019
Nigeria (Barrel/Day th) 1,481.000 Mar 2021 monthly Jan 2002 - Mar 2021
Norway (Barrel/Day th) 1,408.466 2019 yearly 1971 - 2019
Oman (Barrel/Day th) 840.603 2019 yearly 1967 - 2019
Palestinian Territory (%) -2.658 Feb 2021 monthly Jan 2012 - Feb 2021
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) 10,625.025 2019 yearly 1960 - 2019
Saudi Arabia (Barrel/Day th) 8,090.000 Mar 2021 monthly Jan 2002 - Mar 2021
South Africa (%) -2.148 Feb 2021 monthly Jan 1999 - Feb 2021
Sudan (Barrel/Day th) 242.921 2019 yearly 1996 - 2019
Syria (Barrel/Day th) 15.581 2019 yearly 1960 - 2019
Trinidad and Tobago (Barrel/Day th) 58.904 2019 yearly 1960 - 2019
Tunisia (%) -5.255 Jan 2021 monthly Jan 2001 - Jan 2021
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) 2,610.000 Mar 2021 monthly Jan 2002 - Mar 2021
United Kingdom (Barrel/Day th) 1,007.195 2019 yearly 1960 - 2019
United States (Barrel/Day th) 12,232.351 2019 yearly 1960 - 2019
Venezuela (Barrel/Day th) 525.000 Mar 2021 monthly Jan 2002 - Mar 2021
Yemen (Barrel/Day th) 37.000 2019 yearly 1988 - 2019

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Nigeria Key Series

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Includes 277 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 (%) -3.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Consolidated Fiscal Balance (USD mn) -3,910.052 Dec 2020 quarterly Mar 2005 - Dec 2020
National Government Debt (USD mn) 75,571.8 Dec 2020 quarterly Dec 2006 - Dec 2020
Government Debt: % of GDP (%) 18.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Forecast: Government Expenditure (NGN bn) 44,913.220 2026 yearly 1990 - 2026
Forecast: Government Net Debt (NGN bn) 135,441.460 2026 yearly 1990 - 2026
Forecast: Government Revenue (NGN bn) 24,435.680 2026 yearly 1990 - 2026
Gross Federation Account Revenue (NGN bn) 2,208.100 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Balance (NGN bn) -1,483.930 Dec 2020 quarterly Mar 2005 - Dec 2020
Gross Federation Account Revenue: Oil (NGN bn) 985.570 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Revenue (NGN bn) 903.520 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Expenditure (NGN bn) 2,387.460 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Expenditure: Recurrent (NGN bn) 1,720.090 Dec 2020 quarterly Mar 2005 - Dec 2020
Federal Govt Expenditure: Capital (NGN bn) 622.130 Dec 2020 quarterly Mar 2005 - Dec 2020
Government Debt: Domestic (NGN bn) 16,023.885 Dec 2020 quarterly Dec 2005 - Dec 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.040 2026 yearly 1991 - 2026
Trade Balance (USD mn) -1,551.2 Dec 2020 monthly Jan 2003 - Dec 2020
Total Exports (USD mn) 3,085.8 Dec 2020 monthly Jan 2003 - Dec 2020
Total Exports Growth (%) -33.4 Dec 2020 monthly Jan 2004 - Dec 2020
Aluminum: Exports (USD th) 107,795.596 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 1,226.579 2019 yearly 1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 302.933 2019 yearly 1995 - 2019
Total Imports (USD mn) 4,636.9 Dec 2020 monthly Jan 2003 - Dec 2020
Total Imports Growth (%) 26.0 Dec 2020 monthly Jan 2004 - Dec 2020
Imports: Medicament (USD th) 1,128,625.385 2019 yearly 1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 348,770.759 2019 yearly 1995 - 2019
Total Exports to USA (USD mn) 36.075 Sep 2020 monthly Jan 2003 - Sep 2020
Total Imports from USA (USD mn) 422.719 Dec 2020 monthly Dec 2009 - Dec 2020
Total Exports to China (USD mn) 106.235 Dec 2020 monthly Jan 2007 - Dec 2020
Total Imports from China (USD mn) 1,440.816 Dec 2020 monthly Jan 2007 - Dec 2020
Total Trade (NGN mn) 2,930,763.744 Dec 2020 monthly Jan 2003 - Dec 2020
Exports: Crude Oil (NGN mn) 879,822.078 Dec 2020 monthly Jan 2003 - Dec 2020
Imports (NGN mn) 1,759,720.294 Dec 2020 monthly Jan 2003 - Dec 2020
Exports (NGN mn) 1,171,043.450 Dec 2020 monthly Jan 2003 - Dec 2020
Exports: Europe: ow UK (NGN mn) 44.832 Dec 2020 monthly Jan 2003 - Dec 2020
Exports: Europe: ow Netherlands (NGN mn) 11,110.958 Dec 2020 monthly Jan 2003 - Dec 2020
Exports: America: ow USA (NGN mn) 84,627.594 Dec 2020 monthly Jan 2003 - Dec 2020
Imports: Europe: ow Germany (NGN mn) 44,776.243 Dec 2020 monthly Jan 2003 - Dec 2020
Imports: Europe: ow UK (NGN mn) 41,677.587 Dec 2020 monthly Jan 2003 - Dec 2020
Imports: Europe: ow Netherlands (NGN mn) 56,858.199 Dec 2020 monthly Jan 2003 - Dec 2020
Imports: Asia: ow China (NGN mn) 546,789.821 Dec 2020 monthly Jan 2007 - Dec 2020
Imports: America: ow USA (NGN mn) 160,421.988 Dec 2020 monthly Jan 2003 - Dec 2020
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 10,603.818 2020 yearly 2003 - 2020
Exports: Vegetable Products (NGN mn) 189,913.743 2020 yearly 2003 - 2020
Exports: Mineral Products (NGN mn) 11,120,986.129 2020 yearly 2003 - 2020
Imports: Food and Live Animals (NGN mn) 278,437.323 Dec 2020 monthly Jan 2003 - Dec 2020
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 78,274.349 Dec 2020 monthly Jan 2003 - Dec 2020
Imports: Chemicals and Chemical Products (NGN mn) 355,168.324 Dec 2020 monthly Jan 2003 - Dec 2020
Imports: Manufactured Goods (NGN mn) 188,807.783 Dec 2020 monthly Jan 2003 - Dec 2020
Imports: Machinery and Transport Equipment (NGN mn) 700,261.610 Dec 2020 monthly Jan 2003 - Dec 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 310.0 Sep 2020 quarterly Mar 2008 - Sep 2020
Current Account Balance (USD mn) -3,337.9 Sep 2020 quarterly Mar 2008 - Sep 2020
Current Account Balance: % of GDP (%) -3.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Direct Investment (USD mn) 775.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Direct Investment: % of GDP (%) 0.7 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 125.5 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Portfolio Investment: % of GDP (%) 1.7 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment (USD mn) 1,742.401 Sep 2020 quarterly Mar 2008 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 1,616.928 Sep 2020 quarterly Mar 2008 - Sep 2020
External Debt (USD mn) 8,991.3 Mar 2013 quarterly Jun 2011 - Mar 2013
External Debt: % of GDP (%) 7.8 2020 yearly 1985 - 2020
External Debt: Short Term (USD mn) 310.7 2018 yearly 2008 - 2018
External Debt: Short Term: % of GDP (%) 0.1 2018 yearly 2008 - 2018
Forecast: Current Account Balance (USD bn) -8.103 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -85,210.476 2020 yearly 2005 - 2020
BoP: CA: Services: Debit (USD mn) -2,784.400 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account (USD mn) 2,663.650 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Current Transfers (USD mn) 4,354.980 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Current Transfers: Debit (USD mn) -176.520 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Current Transfers: Credit (USD mn) 4,531.500 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Capital Account (USD mn) 0.000 Jun 2020 quarterly Mar 2008 - Jun 2020
BoP: CF: Financial Account: Assets (USD mn) 2,331.970 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -73.290 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) -310.030 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: Net Errors & Omission (USD mn) 674.260 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Goods: Debit (USD mn) -12,921.520 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Liabilities (USD mn) 331.680 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) -143.480 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Goods: Credit (USD mn) 8,009.130 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Services (USD mn) -1,815.000 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,742.400 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Assets: Other Investment (USD mn) 2,858.760 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Services: Credit (USD mn) 969.400 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Goods (USD mn) -4,912.390 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) -2,185.920 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Income (USD mn) -965.510 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Income: Credit (USD mn) 266.560 Sep 2020 quarterly Mar 2008 - Sep 2020
BoP: CA: Income: Debit (USD mn) -1,232.068 Sep 2020 quarterly Mar 2008 - Sep 2020
External Debt: Government (USD mn) 33,348.080 Dec 2020 quarterly Dec 2006 - Dec 2020
External Debt: Government: International Capital Market (USD mn) 10,868.350 Dec 2020 quarterly Mar 2011 - Dec 2020
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Capital Inflow: Foreign Direct Investment (USD) 121,386,927.600 Jun 2020 monthly Jan 2007 - Jun 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 11.4 2018 yearly 2003 - 2018
Money Supply M1 (USD mn) 42,652.479 Mar 2021 monthly Nov 1992 - Mar 2021
Money Supply M2 (USD mn) 100,202.822 Mar 2021 monthly Nov 1992 - Mar 2021
M2 Growth (%) 22.6 Mar 2021 monthly Nov 1993 - Mar 2021
Reserve Requirement Ratio (%) 27.5 Apr 2021 monthly Nov 2005 - Apr 2021
Foreign Exchange Reserves (USD mn) 34,820.5 Mar 2021 monthly Jan 1960 - Mar 2021
Foreign Exchange Reserves: % of GDP (%) 8.264 Dec 2020 quarterly Dec 2010 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 7.6 Dec 2020 monthly Jan 2003 - Dec 2020
Gold Reserves (USD mn) 0.062 Jan 2018 monthly Dec 1950 - Jan 2018
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) 114,052.4 Mar 2021 monthly Nov 1992 - Mar 2021
Domestic Credit Growth (%) 12.6 Mar 2021 monthly Nov 1993 - Mar 2021
Private Debt: % of Nominal GDP (%) 11.41 Sep 2020 quarterly Dec 2010 - Sep 2020
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2 (NGN mn) 38,026,970.910 Mar 2021 monthly Nov 1992 - Mar 2021
Monetary Survey: Liabilities: M2: M1 (NGN mn) 16,186,615.620 Mar 2021 monthly Nov 1992 - Mar 2021
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 21,840,355.300 Mar 2021 monthly Nov 1992 - Mar 2021
Monetary Survey: Liabilities: Base Money (NGN mn) 13,338,059.070 Mar 2021 monthly Jan 1993 - Mar 2021
Non Performing Loans to Gross Loans (%) 9.335 Jun 2019 semiannually Dec 2003 - Jun 2019
Business and Economic Survey Last Frequency Range
Business Confidence: Net Balance (% Point) 2.5 Dec 2020 monthly Feb 2018 - Dec 2020
Business Confidence Growth (% Point) -22.4 Dec 2020 monthly Jul 2015 - Dec 2020

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