NBS Figures Show Oil Production Reaches 1.72 Million Barrels Per Day

By Niger Delta Reporters

Nigeria's oil sector recorded increased production as the country's economy expanded by 4.43 per cent in the second quarter of 2026.

The latest GDP report showed that crude oil production rose to approximately 1.72 million barrels per day during the period.

The development is significant for Nigeria because crude oil remains one of the country's most important sources of foreign exchange and government revenue.

Higher production could provide additional fiscal benefits if sustained, although experts continue to stress the need for diversification and stronger investment in non-oil sectors.

Niger Delta Reporters will continue to monitor developments in Nigeria's oil industry and their implications for oil-producing communities.