Indigenous oil and gas company, Seplat Energy, has called on operators in Nigeria’s oil and gas industry to show a serious commitment to environmental sustainability through their activities. The company’s Chief Executive Officer, Mr. Roger Brown, who observed that oil and gas will continue to play a pivotal role in Nigeria’s energy mix, stressed that …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has paid tribute to the late former president of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Uche Marcus Okoro, hailing his leadership qualities and dedication to the plight of Nigerian oil workers. Comrade Okoro was one of the passengers who died in the …
Nigeria’s oil production (including crude oil and condensate) dropped to 1.544 million barrels per day (bpd) in December from 1.599 million bpd in November. This reflects a 3.44 per cent decline on a month-on-month basis. This was revealed in the latest Crude Oil and Condensate data 2025 released by the Nigerian Upstream Petroleum Regulatory Commission …
The average daily consumption of Premium Motor Spirit (PMS), also known as petrol, rose by 20.42 per cent month-on-month from 52.9 million litres per day in November to 63.7 million litres per day in December 2025. On a year-on-year basis, it reflected a 21.8 per cent surge from 52.3 million litres per day recorded in …
In a bid to sustain daily delivery of 50 million litres of Premium Motor Spirit, also known as petrol, across Nigeria, Dangote Refinery has begun 24-hour loading operations. This shift is part of the refinery’s efforts to eliminate the long-standing issue of fuel scarcity in Nigeria by ensuring that the facility's optimal production levels are …
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the Federal Government will enforce the “Drip or Drop” principle enshrined in the Petroleum Industry Act (PIA) to ensure the timely utilisation of oil and gas assets by licensed operators. Lokpobiri stated this during the pre-bid conference for the 2025 licensing round held …
Nigeria and the United Arab Emirates (UAE) signed the Comprehensive Economic Partnership Agreement (CEPA) on Tuesday, January 13, 2026, strengthening their economic ties. This historic agreement represents a substantial departure from past diplomatic hitches to a future of deep economic cooperation. A statement from the State House said the bilateral agreement will remove trade barriers, …
President Bola Tinubu has stated that the Comprehensive Economic Partnership Agreement (CEPA) Nigeria signed with the United Arab Emirates (UAE) is a historic one that will deepen cooperation in the areas of aviation, agriculture, climate-smart infrastructure, logistics and digital trade, creating enduring opportunities for the people of the two countries. Tinubu stated this while speaking …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have strengthened their partnership aimed at boosting revenue collection for the Federation. The decision was taken on Monday, when the new NUPRC Chief Executive, Oritsemeyiwa Eyesan, visited the NRS Chairman, Zacc Adedeji, at the corporate headquarters of the tax agency in Abuja. …
Nigeria’s President, Bola Tinubu, has highlighted what developing countries need to give full commitment to the realization of the global climate sustainability agenda. President Tinubu, who spoke on Tuesday, January 13, at the ongoing Abu Dhabi Sustainability Week (ADSW), holding in Abu Dhabi, the United Arab Emirates (UAE), said Nigeria aligns with the global community, …
