Crude reality

Nigeria’s oil output hit 1.8 million bpd in July 2025 due to improved security, while petrol prices rose sharply amid global market pressures.

Nigeria’s crude oil production rose to 1.8 million barrels per day in July 2025, driven by enhanced security curbing pipeline vandalism and oil theft. Concurrently, petrol prices surged, with the Nigerian National Petroleum Company raising pump rates to ₦915 per litre in Lagos and ₦955 in Abuja, attributing the hike to global market pressures amid OPEC’s potential quota increase. Analysts highlight the urgent need for Nigeria to bolster investment conditions by addressing infrastructure gaps and regulatory ambiguities. Sustaining output growth and attracting foreign investment remain crucial for long-term energy sector stability and economic resilience in Africa’s leading oil producer.