Nigeria don export about 182.2 million barrels of crude oil wey worth N24.02tn for di first half of 2026.

High international oil prices don make di value of di country's crude shipment increase, even though people dey worry say local refineries no get enough feedstock.

Di analysis of crude oil production and export data from January to June 2026 show say di exported crude value reach about $17.60bn, wey be N24.02tn at exchange rate of N1,365 to one US dollar.

Data wey dem get from Central Bank of Nigeria show say di country produce about 263.65 million barrels of crude for dat six-month period, with estimated market value of $25.41bn, or N34.69tn.

Dem calculate di estimates from average daily crude oil production and export volumes for each month, times di number of days for di months, and value am using di average monthly Bonny Light crude oil prices wey match.

For June, dem estimate production and export volumes using average daily production of 1.56 million barrels and exports of 1.11 million barrels per day at average crude price of $88.24 per barrel.

If you break am down month by month, Nigeria produce 45.26 million barrels for January before production drop to 36.68 million barrels for February.

Production go up again to 42.78 million barrels for March, increase to 44.70 million barrels for April and 47.43 million barrels for May, while June production estimate na 46.80 million barrels.

Crude exports follow similar pattern. Di country export 31.31 million barrels for January, 24.08 million barrels for February, 28.83 million barrels for March, 31.20 million barrels for April, 33.48 million barrels for May, and 33.30 million barrels for June.

Di value of crude wey dem produce during di period estimate at $3.08bn for January, $2.65bn for February, $4.54bn for March, $5.67bn for April, $5.34bn for May, and $4.13bn for June, making di total production value reach about $25.41bn.

Export earnings estimate at $2.13bn for January, $1.74bn for February, $3.06bn for March, $3.95bn for April, $3.77bn for May, and $2.94bn for June, wey give total export earnings of about $17.60bn.

Di crude dey exported by both international and indigenous oil producers, including Nigerian National Petroleum Company Limited, wey show say di country still dey rely on crude exports as im biggest source of foreign exchange.