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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have strengthened partnership to enhance transparency, accountability, and efficiency in revenue collection across the nation’s oil and gas sector.  ​The collaboration comes at a critical juncture as Nigeria’s upstream sector shows clear signs of recovery, with the government pushing toward a sustained …

Nigeria's oil and gas revenue in 2024 fell significantly short of its budget target, showing a decline of 24.7 per cent against projected figures. The gross oil revenue for 2024 before deductions was $15.07 trillion against the $19.99 trillion budget target (a N4.93 trillion shortfall). This is according to data from the latest Budget Implementation Report …

Nigeria’s Crude Output Drops Below OPEC Quota after two-month rally

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