Nigeria Crude Oil Output Hits Record High in August

Nigeria's crude oil production rose to 1.573 million barrels per day (bpd) in August, a 2.3% increase from July's output of 1.537 million bpd.

This marks the highest monthly production level for Nigeria this year and exceeds its average production of 1.552 million bpd in the second quarter of 2026.

The increase comes amid efforts by the Federal Government and oil producers to boost production through improved security, fresh upstream investments, new projects, and the rehabilitation of existing assets.