The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has said despite the global energy tension, Nigeria offers a stable climate and called on investors to taking advantage of the 2026 Licensing Round which has 40 oil and gas blocks on offer. She announced that the licensing round portal will officially …
Nigeria's petrol and diesel supply declined sharply in September 2026, even as domestic consumption of both products increased, raising fresh concerns over fuel availability and the country's ability to sustain adequate petroleum product supply. According to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), daily petrol supply to the market fell by …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stepped up efforts to achieve Nigeria’s 60 per cent methane emissions reduction target by 2035 with the deployment of a digital tracking platform designed to strengthen emissions monitoring, reporting and regulatory enforcement across the oil and gas industry. The platform, known as the Nigerian Oil and Gas …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said 22 recent oil block awardees are expected to contribute at least 250,000 barrels per day (bpd) to Nigeria’s crude oil production within five years. The Commission also disclosed that domestic refineries received more than 127 million barrels of Nigerian crude oil and condensate between January and …
Petroleum marketers have warned that the Federal Government’s proposed ₦1,350-per-litre ceiling on petrol costs could distort market prices, urging the government to allow competition and market forces to determine prices in Nigeria’s deregulated downstream petroleum sector. The Major Energies Marketers Association of Nigeria (MEMAN) said arbitrary price caps would not address the structural challenges affecting …
The Nigerian National Petroleum Company (NNPC) Limited has revived its push for a public listing on the Nigerian Exchange (NGX) as the ongoing Dangote Refinery share offer renews focus on the role of the capital market in expanding public ownership. However, the NNPC’s IPO plan faces a transparency test, with governance and reporting reforms still …
The Alliance for Economic Research and Ethics (AERE) has urged the Federal Government and the Nigerian National Petroleum Company Limited (NNPC) to publish weekly data on its ₦66-per-litre petrol discount. It also urged the government to disclose its financial impact and enforce a clear expiry date to prevent the temporary relief measure from becoming a …
The Federal Government has said that it cannot currently supply the Dangote Petroleum Refinery with the 700,000 barrels of crude oil it needs daily. The Minister of Finance and Coordinating Minister of the Economy said this during a programme on Channels Television, following the Federal Government’s 30-day petrol discount offer through NNPC Retail. According to him, …
The Federal Government has clarified that the petrol discount offered by NNPC Retail Limited is not a return of fuel subsidy, saying the price reduction is being funded from the company’s retail margin rather than public revenue. Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, gave the clarification in a statement on …
Dangote Petroleum Refinery & Petrochemicals FZE is offering East African investors nearly 20 per cent of its initial public offering (IPO), seeking to raise up to $300.4 million from the region. The details are in an information memorandum released on Wednesday, after regulators in Kenya and Uganda cleared the way for eligible investors in both …
