In 2025, the price of Bonny Light crude oil has shown fluctuations each month. Based on publicly shared data from market watchers:
| Month | Approximate Average Price (USD/barrel) |
| January | 80.76Â |
| February | 77.08Â |
| March | 74.44Â |
| April | 69.07Â |
| May | 65.90Â |
| June | 73.50Â |
| July | 73.18 Â |
As of May, CEIC data reports Bonny Light at $64.83/barrel , which aligns reasonably well with the earlier monthly estimates.
What This Means & Key Takeaways
- The trend shows a decline from January’s high point toward May, before partial recovery in June and July.
- Because oil revenues are a big part of Nigeria’s budget, fall in oil price increases pressure on government finances, especially if projections were based on a higher benchmark.
- These monthly averages help in budget planning, revenue forecasts, and assessing how vulnerable Nigeria is to global oil market volatility.
