Oil
Nigeria exceeds OPEC quota for 5th month as oil production hits 1.71m barrels in September
CEII brief
BusinessDay reported on 13 Oct 2026: Nigeria exceeds OPEC quota for 5th month as oil production hits 1.71m barrels in September.
Read the full story on BusinessDayNigeria’s total daily average production of crude oil and condensate rose to 1,717,030 barrels per day (bpd) in September 2026,
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © BusinessDay. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
