Nigeria Surpasses OPEC Oil Production Quota Again as June Output Rises to 1.74mbpdNigeria recorded a 2.3 per cent increase in its average daily crude oil and condensate production in June 2026, reaching 1.74 million barrels per day (mbpd), up from 1.70mbpd in May, according to Nigerian economic reports.The report also indicated that average daily crude oil production rose to 1.56mbpd during the period, allowing Africa’s largest oil producer to exceed its production quota set by the Organisation of the Petroleum Exporting Countries (OPEC) for the second consecutive month.
The improved performance reflects sustained efforts by the Federal Government and industry operators to raise oil output through enhanced security around oil facilities, reduced crude theft, and increased operational efficiency in the Niger Delta.Exceeding the OPEC production target is expected to boost Nigeria’s oil earnings, strengthen foreign exchange inflows, and provide additional fiscal support for the country’s economy, where crude oil remains a major source of government revenue.Industry observers say the sustained increase in production highlights the country’s gradual recovery in the oil sector and could reinforce investor confidence if the upward trend is maintained in the coming months.
Joseph Akwagiobe is a media contributor from Cross River State, Nigeria, currently based in Abuja. He is a graduate of Microbiology and has earned several professional certifications across diverse fields, reflecting his commitment to continuous learning, professional growth, and excellence.