The Nigerian Content Development and Monitoring Board (NCDMB) has emphasised the need for stronger collaboration among oil and gas-producing countries in Africa in local content development to achieve energy sufficiency and sustainable growth. Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe made the call while delivering a keynote address titled “Africa’s Local Content Collaboration Strategy” …
The Nigerian National Petroleum Company (NNPC) Limited has reported a revenue of N5.078 trillion and a profit after tax of N447 billion in October 2025. This was revealed in NNPC Limited’s Monthly Report Summary for October 2025, released on Saturday. The total revenue for October reveals an 18.92 per cent increase from 4.27 trillion recorded …
Nigeria loses an estimated $15 billion every year to oil theft and pipeline vandalism, raising concerns about the long-term sustainability of President Bola Ahmed Tinubu’s Renewed Hope Agenda beyond 2027, a study by Professor Usman Muhammed of Kaduna State University has revealed. Speaking at the 1st Citizens Engagement Conference (North-West Edition) in Kaduna, themed “The …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigeria National Petroleum Company Limited (NNPCL) have pledged to continue taking practical steps towards overhauling downstream infrastructure to boost energy sector growth. The agencies made the pledge at the ongoing 2025 Oil Trading and Logistics (OTL) Africa Downstream Energy Week in Lagos. Delivering his …
Nigeria's Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has stated that the Gas Exporting Countries Forum (GECF) must remain a formidable bloc to ensure fair pricing, drive investments in the industry, and ultimately protect the interests of developing nations in the global energy transition agenda. Ekpo made the call during his …
As part of efforts to ensure energy self-sufficiency in Nigeria, the House of Representatives has proposed a new law to ensure that local oil refineries are protected and operate in a conducive environment. The proposed legislation equally seeks to prioritise access to crude supply by the local refineries. Chairman of the House Committee on Petroleum …
Tension gripped the headquarters of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja this morning as workers were locked out of the premises. As of 8:45 a.m., scores of employees were seen milling around outside the building after security personnel shut the main gates, barring both entry and exit. The reason for the closure …
The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has extended felicitations to the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, on the occasion of his 62nd birthday. In a congratulatory message issued on Friday through his Chief Press Secretary, Leke Olatunji Baiyewu, Abbas described Engr. …
