Nigeria’s crude oil revenue surged to approximately ₦50.88 trillion in 2024, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report revealed that…
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Nigeria’s crude oil earnings reached approximately N50.88 trillion in 2024. Nigeria produced 408,680,457 barrels of crude oil in 2024, according to data from the Nigerian Upstream…
The Nigerian government has revealed intentions to revise its Domestic Crude Supply Obligation Regulations 2023 in response to the supply challenges faced by Dangote Refinery and…
According to Gbenga Komolafe, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s average daily crude oil production was 1.61 million barrels per…
The Nigerian government has announced a 24-hour deadline for prospective investors keen on participating in the 2024 oil block licensing bid round. Emphasising the urgency, potential…
Reports indicate that the Nigerian Government has withdrawn five oil blocks listed for the 2024 licensing round due to legal disputes, specifically over regulatory constraints.Confirming the…
ExxonMobil’s asset sale to Seplat Energy could be finalised in weeks, Nigeria’s oil regulator told reporters on Thursday, putting an end to a two-year standoff since…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it will follow the provisions of the Petroleum Industry Act (2021) to ensure a sufficient and steady supply…
The Nigerian Upstream Regulatory Commission,NUPRC which transferred its headquarters to the country’s capital three years ago, has begun the process of moving some of its departments…
The CEO of News Central TV, Kayode Akintemi, accompanied by Rosemary Egabor-Afolahan, the Head of Commercial & Communications, paid a courtesy visit to Engineer Gbenga Olu…