• LOGIN
  • WEBMAIL
  • CONTACT US
Tuesday, February 10, 2026
21st CENTURY CHRONICLE
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME
No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME
No Result
View All Result
21st Century Chronicle
No Result
View All Result
Your ads here Your ads here Your ads here
ADVERTISEMENT

Nigeria’s crude oil production falls to 1.422mbpd in December 2025

by Achojah Aruegodore
January 15, 2026
in Business Scene
0
Oil prices fall 4% over rising cases of Omicron variant
Share on FacebookShare on TwitterShare on TelegramShare on WhatsApp

Nigeria’s crude oil production slipped slightly to 1.422 million barrels per day (bpd) in December 2025, down from 1.436 million bpd in November.

According to the latest Organisation of Petroleum Exporting Countries’ (OPEC) Monthly Oil Market Report (MOMR) released on Wednesday, Nigeria has now missed its OPEC-assigned production quota for the fifth consecutive month, demonstrating persistent output challenges despite ongoing reforms in the upstream sector.
The OPEC data indicates that Nigeria last met its production quota in July 2025, with output remaining below target from August through December.

READ ALSO

PenCom raises equity investment limits for RSA Funds

Nigeria’s oil price drops below $69 a barrel

Quarterly figures reveal a consistent decline across 2025: Q1: 1.468 million bpd; Q2: 1.481 million bpd; Q3: 1.444 million bpd; and Q4: 1.42 million bpd.
The downward trend highlights structural and operational constraints affecting Nigeria’s oil production capacity.
OPEC compiles production data using two approaches: direct communication from member countries and estimates from secondary sources such as independent energy intelligence agencies.
While Nigeria’s output declined based on direct communication data, secondary sources cited by OPEC presented a more optimistic outlook.

According to the secondary estimates, Nigeria produced 1.5 million bpd in December, a 1.35% increase from the 1.48 million bpd recorded in November.

Despite falling short of its quota, Nigeria maintained its position as Africa’s largest oil producer, ahead of Libya, which produced 1.37 million bpd during the same period.

At the broader OPEC level, crude oil production by countries participating in the Declaration of Cooperation (DoC) averaged 42.83 million bpd in December 2025, reflecting a month-on-month decline of 238,000 bpd, based on secondary source data.
Crude oil remains Nigeria’s largest source of foreign exchange earnings and government revenue.

Sustained underperformance against OPEC quotas limits the country’s ability to fully benefit from higher global oil prices, at a time when fiscal pressures and foreign exchange shortages persist.

 

Related Posts

PenCom rakes in N12.52bn from defaulting employers

PenCom raises equity investment limits for RSA Funds

February 10, 2026
How forex, crude oil price jerked up fuel price to over N600 — Marketers

Nigeria’s oil price drops below $69 a barrel

February 10, 2026
Tinubu appoints Shamseldeen Ogunjimi as accountant general

Inflow into Federation Account rose to N35 trillion in 2025 – AGF

February 10, 2026
FG says investor confidence lifts foreign inflows to $14bn – FG

FG generated $500m in export revenue in 2025 – Minister

February 10, 2026
FG launches platform to monitor import duty exemptions

NPA, PEBEC partner to cut cargo dwell time

February 9, 2026
Tinubu vows deeper global partnerships to crush security threats in 2026

Economic reforms yielding positive results – Tinubu

February 9, 2026
No Result
View All Result

Recent Posts

  • Why I resigned as NAHCON chairman – Pakistan
  • Army releases list of successful candidates of 29/2026
  • Tinubu appoints SHESTCO MD, NEMSA board members
  • Group wants proper implementation of Renewed Hope Dev’t Plan
  • Two killed, 14 others kidnapped in Benue fresh attack

Archives

  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021

Categories

  • A Nigerian elder reflects
  • Agriculture
  • Analysis
  • Around Nigeria
  • Arts
  • Automobile
  • Aviation
  • Banking
  • Bazooka Joe
  • Blast from the past
  • Bollywood
  • Books
  • Breaking News
  • Business Scene
  • Capital Market
  • Cartoons
  • Chronicle Roundtable
  • Column
  • Crime
  • Culture
  • Defence
  • Development
  • Diplomacy
  • Economy
  • Education
  • Entertainment
  • Environment
  • Exclusive
  • Extra
  • Fact Check
  • Features
  • Figure of the day
  • Finance
  • For the record
  • Fragments
  • Gender
  • Health
  • Housing
  • Human rights
  • Humanitarian
  • ICT
  • Infographics
  • Insecurity
  • Insurance
  • Insurgency
  • Interesting
  • Interviews
  • Investigations
  • Judiciary
  • Kannywood
  • Labour
  • Lead of the Day
  • Legal
  • Letters
  • Lifestyle
  • Literature
  • Live Updates
  • Manufacturing
  • Maritime
  • Media
  • Metro News
  • Mining
  • My honest feeling
  • National news
  • National News
  • News
  • News International
  • Nollywood
  • Obituaries
  • Oil and Gas
  • On the hot burner
  • On the one hand
  • On The One Hand
  • Opinion
  • Our Stand
  • Pension
  • People, Politics & Policy
  • Philosofaith
  • Photos of the day
  • Politics
  • Power
  • Press
  • Profile
  • Property
  • Quote of the day
  • Railway
  • Religion
  • Rights
  • Science
  • Security
  • Special Report
  • Sports
  • Technology
  • Telecommunication
  • The Plumb Line
  • The way I see it
  • The write might
  • This queer world
  • Tourism
  • Transport
  • Tributes
  • Uncategorized
  • Video
  • View from the gallery
  • Women

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • PRIVACY POLICY
  • CONTACT US
  • ABOUT US

© 2020 21st Century Chronicle

No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME

© 2020 21st Century Chronicle

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.