Nigeria maintained its run of meeting its Organisation of the Petroleum Exporting Countries (OPEC) crude oil production quota for a fifth consecutive month in September 2026, with average daily crude oil output reaching 1.53 million barrels, above the country’s 1.5 million barrels-per-day target.
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country’s average daily production of crude oil and condensate rose to 1.717 million barrels in September, representing a 2.34 per cent increase from the previous month.
The figures, reviewed by Brandspur Banking News Desk, also showed that Nigeria’s daily production peaked at 1.84 million barrels during the month, while its lowest daily output stood at 1.68 million barrels.
When condensate is excluded, Nigeria’s average crude oil production of 1.53 million barrels per day amounted to approximately 102 per cent of its OPEC quota. Condensate is a light hydrocarbon liquid produced alongside natural gas and crude oil, but it is treated separately from crude oil in OPEC’s production quota calculations.
The latest figures reinforce Nigeria’s position as Africa’s largest crude oil producer, with production levels remaining above the agreed quota for five consecutive months.
Crude oil production remains important to Nigeria’s economy because petroleum exports are a major source of foreign exchange earnings and government revenue. Sustaining higher output can support export receipts, although the actual financial benefit also depends on international oil prices, production costs and other market conditions.
The September increase offers a further indication of Nigeria’s recent production performance. However, maintaining the pace will depend on the country’s ability to sustain output across its oil fields and keep production levels above its OPEC allocation.
Nigeria’s performance in the coming months will therefore remain significant for its petroleum revenues and its standing within the international oil market.
