Nigerias Oil Production Hits Record High of 1.7 Million Barrels Per Day

Nigeria's oil production increased by 9.9% in November 2024 to reach 1.69 million barrels per day, surpassing the previous month's level of 1.538mbpd.

Nigeria's oil production has surged by 9.9% to reach 1.69 million barrels per day in November 2024, according to the Federal Government. This marks an increase from the previous month's production of 1.538 million barrels per day recorded in October. The upward trend is a significant boost to the country's energy sector, with oil now accounting for 9.7% of global oil supply. The government attributes this increase to various efforts aimed at boosting oil production and improving operational efficiency.