Nigeria crude oil sales yielded N37.7 trn revenue in 9 months, 2025 

Nigeria’s crude oil exports yielded N37.7 trillion in the first nine months of the year. This is according to the oil trading figures made available for the nine months period in Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS).

The figure covers January to September 2025, a period of relatively stable oil export performance despite global market volatility.
 
The data by NBS showed that crude oil export receipts were largely stable across the period In the first quarter of 2025 the sum of  N12.96 trillion was realized from crude oil sales while in the second quarter of 2025 the sum of  N11.97 trillion raked in and in the third quarter N12.81 trillion. was realized

The Total figures then amounted to N37.73 trillion in crude oil export earnings between January and September 2025, with no major fluctuations recorded. NBS data show Nigeria’s crude oil export earnings have steadily risen over five years, driven by prices, exchange rates, and export gains.
According to the data, Nigeria earned N9.44 trillion from crude oil exports in 2020, rising to N14.41 trillion in 2021.
Export earnings climbed further to N21.10 trillion in 2022 and N29.00 trillion in 2023, according to NBS. The trend peaked in 2024, with crude oil export revenues hitting N55.29 trillion, the highest in five years, setting a benchmark for 2025.

However, higher revenues have not been translated into stronger profitability. Earning of N37.73 trillion in nine months shows oil remains Nigeria’s key revenue source. Stable quarterly performance suggests short-term resilience in oil export receipts, supported by prices and export volumes.