Nigeria loses 3.3m barrels to crude oil theft
Despite the huge sums allocated to secure Nigeria’s crude oil installations and other energy assets, the country lost… The post Nigeria loses 3.3m barrels to crude oil theft appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria .
In 2025, Nigeria suffered a significant loss of approximately 3.33 million barrels of crude oil due to theft, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Despite substantial investments in securing the nation's energy assets, the country experienced a 17.03 percent decline in crude oil and gas revenue collections, dropping from N12.56tn in 2024 to N10.42tn in 2025.
The fourth quarter saw a sharp increase in crude theft, with 2.19 million barrels reported, making up 65.8 percent of the total volume for the year. This figure was nearly five times the 440,434 barrels stolen in the third quarter. The NUPRC recorded 896,471 barrels in the first quarter and a negative 200,400 barrels in the second quarter, attributed to excess volumes during reconciliation. Combined quarterly figures totaled around 3.33 million barrels lost throughout 2025.
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