An analysis of official production figures released by the Nigerian Upstream Petroleum Regulatory Commission and crude price data published by the Central Bank of Nigeria has shown that Nigeria earned an average of N55.5tn from crude oil sales in 2025.
By Hauwa’u Sani
The 2025 figure is higher when compared to the N50.88tn earned in 2024.
NUPRC data indicates that Nigeria produced a total of 530.41 million barrels of crude oil between January and December 2025, with output fluctuating throughout the year amid outages, operational disruptions and a gradual recovery in some producing fields.
The N55.5tn was obtained by multiplying 530.41 million barrels by the average crude oil price of S72.08 dollar in 2025 and converting the results with N1, 450 to a dollar.