FX.co ★ Nigeria’s Oil Output Inches Higher to 1.58M bpd in Q1 2026

Nigeria’s oil production rose modestly in the first quarter of 2026, with output reaching 1.580 million barrels per day (bpd), up from 1.540 million bpd previously recorded in the same period.

The latest data, updated on 27 February 2026, point to a slight but notable improvement in crude output for Africa’s largest oil producer within the first quarter. The increase from 1.540M to 1.580M bpd suggests a gradual strengthening in Nigeria’s production profile over the period, though the figures still reflect a measured pace of growth in the sector.

Market participants and policymakers are likely to watch subsequent quarterly data closely to assess whether this incremental rise marks the start of a more sustained recovery in Nigeria’s oil production.