FX.co ★ Nigeria’s OPEC Oil Output Ticks Higher to 1.53M bpd, Signaling Gradual Recovery

Nigeria’s crude oil production under the OPEC framework rose to 1.53 million barrels per day (bpd), up from a previous level of 1.47 million bpd, according to data updated on 6 March 2026. The increase underscores a measured recovery in one of Africa’s largest oil producers, with output edging higher by around 60,000 bpd.

For global markets and U.S.-based investors tracking OPEC supply dynamics, the latest figures suggest incremental additional barrels returning to the market from Nigeria. While the scale of the move is modest, sustained improvements in Nigerian production can influence OPEC’s overall supply posture and factor into expectations for crude balances, especially against the backdrop of shifting demand and ongoing geopolitical risks.

The new data point will likely be watched closely by traders and analysts assessing whether Nigeria can maintain or build on this output level in the coming months, and how that may interact with broader OPEC+ policy decisions on production targets and price stability.