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Find all the economic and financial information on our Orishas Direct application to download on Play StoreNigeria saw a third drop in production in the first five months of 2025, with a drop of 32,759 barrels per day (b/d). This shows inefficiency in dealing with issues related to investments, pipeline vandalism, and thefts
.Data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) showed that the country's crude output fell in February (1.47 million bbl/d), March (1.47 million bbl/d), and May (1.45 million bbl/d).
Nigeria's production fluctuated during the first five months of the year, with output of 1.539 million bbl/d in January, 1.465 million bbl/d in February, before dropping to 1.401 million bbl/d in February, before dropping to 1.401 million bbl/d in March, before falling to 1.401 million bbl/d in March, rising to 1.486 million bbl/d in April and falling in May.
This development also indicates that Nigeria has failed to meet its quota set by the Organization of Petroleum Exporting Countries (OPEC) for four consecutive months after reaching this milestone last December and January 2025.
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