The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the Federal Government retains the $300 helicopter levy for air navigational services. In a circular signed by the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, the NUPRC confirmed that the $300 helicopter levy remains payable to the Nigerian Airspace Management Agency (NAMA). The Commission said the …
As Nigeria pushes to end the persistent shortage of crude oil feedstock for domestic refineries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recently announced moves to deepen the implementation of a crude oil and gas swap mechanism to increase supply and boost local refining capacity. The initiative is designed to address what many industry stakeholders …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the mandatory 3% Operating Expenditure (OPEX) contribution by oil and gas companies to Host Communities Development Trusts (HCDTs) is yielding significant dividends—enhancing both peace and crude oil production across oil-producing areas. Speaking during a meeting with the leadership of the Revenue Mobilisation Allocation and Fiscal …
Despite increasing its ex-depot price of Premium Motor Spirit (petrol), in the last one week, Dangote Petroleum Refinery’s cost still remains lower than imported products. Pinnacle Daily’s analysis of available trade data shows that the landing cost of imported petrol in Nigeria has risen above the ex-depot price offered by Dangote Refinery despite periods of …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set a target of completing its proposed permanent headquarters in the first quarter of 2027, saying the project will enhance operational efficiency and strengthen Nigeria’s attractiveness to oil and gas investors. According to a statement by the Head, Media and Communications, NUPRC, Eniola Akinkuotu, the Commission’s Chief Executive, …
Minister Tegbe expresses optimism that Nigeria will achieve 24-hour electricity supply to boost industrialisation The Nigerian government has set a target of 8,000 megawatts (MW) of electricity generation and transmission by the end of 2027 as part of its efforts to address persistent power supply challenges and support industrial growth. Speaking on Wednesday, August …
The new leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has pledged its commitment to work with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to achieve the nation's ambitious target of producing 3 million barrels of oil per day by 2030. This promise of a new era of industrial harmony …
Dangote Petroleum Refinery and Petrochemicals has increased the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to ₦1,200 per litre from ₦1,185 sold previously. According to a notice sent to marketers on Tuesday, August 25, the revised petrol price takes effect from Wednesday, August 26, 2026. Apart from the gantry price increase …
Daily consumption of Premium Motor Spirit (PMS), also known as petrol, dropped by 25 per cent from 47.4 million litres per day in June to 35.7 million litres per day in July 2026 in Nigeria. This is one of the lowest daily demand levels since mid-2025 and sits well below the regulatory daily demand benchmark …
…Project expected to become one of Nigeria’s largest deep-water developments, targeting 175,000 barrels of oil per day at peak production The Nigerian National Petroleum Company Limited (NNPC) and the contractor parties to Oil Mining Lease (OML) 118 have executed key contractual agreements to advance the Bonga Southwest/Aparo (BSWAp) deep-water project towards Final Investment Decision …
