Nigeria recorded a major revenue boost in 2025, earning an estimated N55.5 trillion from crude oil sales, despite persistent production disruptions across the year. Official data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and crude price figures from the Central Bank of Nigeria (CBN) show that the country’s oil earnings rose above the N50.88 trillion recorded in 2024.
According to the data, Nigeria produced a total of 530.41 million barrels of crude oil between January and December 2025. The revenue figure was derived by multiplying the total output by the average crude oil price of 72.08 dollars per barrel in 2025 and converting the amount using an exchange rate of N1,450 to the dollar.
Production levels fluctuated significantly throughout the year due to operational disruptions, outages and gradual recovery in some oil fields. Output opened strongly in January at 47.70 million barrels before dropping to 41.02 million barrels in February. It later recovered modestly in March and April, rising to 43.42 million barrels and 44.57 million barrels respectively, and remained relatively stable through the second quarter.
In the third quarter, production peaked at 46.73 million barrels in July but declined sharply in August and September, with September recording one of the lowest outputs of the year at 41.69 million barrels. Output rebounded in the final quarter, closing the year at 44.08 million barrels in December, according to NUPRC data.
Despite failing to meet Nigeria’s OPEC production quota for most of the year, favourable crude prices helped sustain revenue. CBN data show that Bonny Light crude traded at relatively high levels in the early months of 2025 before easing in the second quarter, providing some financial relief amid production challenges.