Nigeria lost 3.3m barrels to oil thieves in 2025 – NUPRC
AI Executive Briefing
Verified Synthesis~64s readNigeria lost 3.33 million barrels of crude oil to theft in 2025, with nearly two-thirds of the reported losses occurring in the final three months, as the Nigerian Upstream Petroleum Regulatory Commission’s revenue collection declined by N2.14tn, The PUNCH reports. Data from the commission’s 2025 report showed that crude theft rose sharply in the fourth quarter, when 2.19 million barrels were recorded.
Context & Background
- ✦The commission’s 2025 annual report, released on Thursday, showed that crude oil and gas revenue collections fell from N12.56tn in 2024 to N10.42tn in 2025, representing a 17.03 per cent decline, despite increases in receipts from gas flare penalties, signature bonuses and concession rentals.
Key Figures & Named Entities
2025:Nigeria lost 3.33 million barrels of crude oil to theft in 2025, with nearly two-thirds of the reported losses occurring in the final three months, as the Nigerian Upstream Petroleum Regulatory Commission’s revenue collection declined by N2.14tn, The PUNCH reports.2025:The commission’s 2025 annual report, released on Thursday, showed that crude oil and gas revenue collections fell from N12.56tn in 2024 to N10.42tn in 2025, representing a 17.03 per cent decline, despite increases in receipts from gas flare penalties, signature bonuses and concession rentals.2025:Data from the commission’s 2025 report showed that crude theft rose sharply in the fourth quarter, when 2.19 million barrels were recorded.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Nigeria lost 3.33 million barrels of crude oil to theft in 2025, with nearly two-thirds of the reported losses occurring in the final three months, as the Nigerian Upstream Petroleum Regulatory Commission’s revenue collection declined by N2.14tn, The PUNCH reports.
- Data from the commission’s 2025 report showed that crude theft rose sharply in the fourth quarter, when 2.19 million barrels were recorded.
- The commission’s 2025 annual report, released on Thursday, showed that crude oil and gas revenue collections fell from N12.56tn in 2024 to N10.42tn in 2025, representing a 17.03 per cent decline, despite increases in receipts from gas flare penalties, signature bonuses and concession rentals.
Key Facts:2025: Nigeria lost 3.33 million barrels of crude oil to theft in 2025, with nearly two-thirds of the reported losses occurring in the final three months, as the Nigerian Upstream Petroleum Regulatory Commission’s revenue collection declined by N2.14tn, The PUNCH reports.2025: The commission’s 2025 annual report, released on Thursday, showed that crude oil and gas revenue collections fell from N12.56tn in 2024 to N10.42tn in 2025, representing a 17.03 per cent decline, despite increases in receipts from gas flare penalties, signature bonuses and concession rentals.2025: Data from the commission’s 2025 report showed that crude theft rose sharply in the fourth quarter, when 2.19 million barrels were recorded.2025: The Nigerian National Petroleum Company Limited reported energy security costs of N8.67tn in 2025, compared with about N3.1tn in 2024.
Editorial Excerpt
Nigeria lost 3.33 million barrels of crude oil to theft in 2025, a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shown.
Frequently Asked Questions About This Story
What is the latest development regarding Nigerian Upstream Petroleum Regulatory Commission?
Nigeria lost 3.33 million barrels of crude oil to theft in 2025, with nearly two-thirds of the reported losses occurring in the final three months, as the Nigerian Upstream Petroleum Regulatory Commission’s revenue collection declined by N2.14tn, The PUNCH reports.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Nigerian Upstream Petroleum Regulatory Commission, NNPC Limited.
What timeline or key figures were confirmed?
Nigeria lost 3.33 million barrels of crude oil to theft in 2025, with nearly two-thirds of the reported losses occurring in the final three months, as the Nigerian Upstream Petroleum Regulatory Commission’s revenue collection declined by N2.14tn, The PUNCH reports.
