Nigeria has mined over 4.6 billion barrels of crude oil from deep offshore assets worth over 5,000 tankers. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), revealed...
The desire for a transparent investment framework offering hopes of unlocking up to $50 billion in deep offshore investment and restarting Nigeria’s large, capital-intensive offshore developments...
Oil companies operating in Nigeria risk up to five percent of annual operating turnover in penalties on being found guilty of serious anti-competitive practices if a...
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has said crises in Western Europe and the Mediterranean should not automatically determine petroleum...
Nigeria’s President, Bola Ahmed Tinubu has commended his team of economic strategists for playing a pivotal role in stabilising the economy, which led to the rebound...
Former Vice President of Nigeria and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has criticised the Bola Tinubu administration over what he described...
Nigeria produced an estimated 295.18 million barrels of crude oil and condensate valued at about $28.08bn (approximately N41.74tn) in the first six months of 2026, reflecting...
Indigenous oil producers have warned that Nigeria’s upstream petroleum sector is being weighed down by more than 270 different taxes, fees and statutory levies. They maintain...
The petition filed by the Dangote Petroleum Refinery and Petrochemicals (DPRP) against the Federal Government over the issuance of fuel import licences to some petroleum marketers...
Nigeria faces a direct fiscal alarm bell in the third quarter (Q3) of 2026 as crude oil price dips below $80 per barrel amid fragile global...
