The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that submission of technical and commercial bids for the 2025 oil licensing round will close on Friday, June 12, 2026. The Commission made this known in a statement released on Tuesday, June 9, via its official X handle, stressing that the move is in line with …
As the global community marks the World Environment Day 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated its commitment to ending gas flare by 2030 and 60 per cent reduction of Methane by 2035. In a statement released on Friday, the Commission said the country has recorded a significant reduction in routine gas …
In a major breakthrough for the African energy sector, the Dangote Petroleum Refinery has surpassed its nameplate capacity, ramping up its crude oil processing capacity to 700,000 barrels per day (bpd). The milestone, confirmed during a recent performance test conducted by the facility’s Process Licensors, means the refinery has officially surpassed its initial nameplate capacity …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for the urgent strengthening of gas distribution networks across the country, warning that Nigeria’s vast reserves are meaningless without the infrastructure to deliver them to end-users. Speaking at the Association of Local Distributors of Gas (ALDG) Business Forum in Abuja, the Authority Chief …
For millions of Nigerian families already grappling with rising food prices, transportation costs, and electricity challenges, the latest surge in the price of cooking gas has added another layer of hardship. Recent data released by the National Bureau of Statistics (NBS) confirmed that the average cost of refilling a 5kg cylinder of Liquefied Petroleum Gas …
The Nigerian National Petroleum Company Limited (NNPC) recorded an upsurge in revenue in April 2026 just as it witnessed a significant recovery in upstream production. The NNPC monthly report for April 2026, released on Saturday, indicates that its revenue rose by 79 per cent to ₦4.971 trillion in April from ₦2.774 trillion recorded in March. …
The Dangote Petroleum Refinery has further reduced the gantry price of its premium motor spirit (petrol) from ₦1,275 to ₦1,250 per litre, bringing relief to Nigerian consumers. This latest adjustment, which represents a 25 per litre price cut, takes effect Saturday, May 30, 2026, according to a report by Petroleumprice.ng, quoting a refinery source. The …
The average retail price paid by consumers for Premium Motor Spirit (PMS), also known as petrol, rose to ₦1,532.93 in April 2026. Year-on-year, this indicates a 23.69 per cent increase compared to the ₦1,239.33 recorded in April 2025. Also, the average price reflects an 18.97 per cent increase from ₦1,288.54 in March 2026. According to …
In a major shift for global energy trade, the Dangote Petroleum Refinery emerged as the world's single largest exporter of jet fuel in April 2026. This was revealed in a recent S&P Global Energy report. According to the S&P Global Commodities at Sea data, the facility was able to surpass all other global exporters by …
Nigeria has continued to record shortfalls in crude oil production output, reaching 31.6 million barrels in the first four months of 2026, according to a Pinnacle Daily analysis of data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Production Below Budget Targets The NUPRC data revealed a persistent gap between projected and actual oil …
