No less than over 40.2 million barrels of crude oil made available by international and independent oil producers in Nigeria were not taken by Dangote Refinery and other local refineries, the Nigerian National Petroleum Company Limited (NNPCL) said yesterday. Indeed, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in a release yesterday, signed by its Head,…
This was disclosed on May 4 via a monthly report published on the company’s website, where it noted that all production, sales, and financial figures remain provisional and subject to reconciliation with relevant stakeholders. According to the report, gas production rose to 7,731 million standard cubic feet per day (mmscf/d) in March, up from 7,458…
Petroleum product marketers and retailers have hinted at a possible fresh petrol price drop as Nigerian National Petroleum Company Limited, NNPCL, partners with Chinese firms to restart Port Harcourt and Warri refineries. Reports have it that after a long wait, NNPCL on April 30, 2026, signed a Memorandum of Understanding with Sanjiang Chemical Company and…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that a total of 300 firms are currently jostling for the 50 oil blocks put out in the 2025/2026 licensing rounds. Chief Executive Officer of the Commission, Oritsemeyiwa Eyesan, disclosed this on Monday at the Nigerian Pavilion of Offshore Technology Conference 2026 in Houston, Texas. According…
The Nigerian Upstream Petroleum Regulatory Commission and Nigeria LNG Limited have intensified efforts to boost domestic gas supply as rising demand pushes NLNG to commit 100 per cent of its LPG production to the local market. The Commission Chief Executive of NUPRC, Mrs Oritsemeyiwa Eyesan, said the regulator is intensifying reforms to support the Federal…
President Bola Ahmed Tinubu on Friday declared a national emergency on insecurity and poverty, describing them as major threats to jobs, productivity, and national stability. Addressing thousands of workers and labour leaders at Eagle Square, the president said decent work cannot thrive in an environment plagued by fear and economic hardship. His remarks aligned with…
The Nigerian National Petroleum Company, NNPC, Limited has completed the River Niger crossing of the 130-kilometre Obiafu-Obrikom-Oben, OB3, gas pipeline. NNPC revealed this in a statement on Thursday. The company said the milestone was achieved by its subsidiary, the NNPC Gas Infrastructure Company. According to the statement by Andy Odeh, NNPC Chief Corporate Communications Officer,…
President Bola Tinubu has sacked Saidu Mohammed as the chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Mohammed’s removal — approved by Tinubu — comes just four months after he took over from Farouk Ahmed, the authority’s erstwhile CEO, in December 2025. Announcing the development in a statement on…
The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe on Thursday joined the Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Saidu Mohammed, to visit the Waltersmith modular refinery at Ohaji- Egbema, Imo State. A statement by theGM Corporate Communications, Ezeobi Obinna,PhD, explained that the visit was to inspect…
Lagos State government, on Sunday, recorded another significant milestone in its electricity reform journey with the signing of Power Purchase Agreements (PPAs) and concession arrangements with key Independent Power Producers (IPPs). The ceremony, presided over by Governor Babajide Olusola Sanwo-Olu at Lagos House, Marina, formalised agreements with Mainland Power Limited, Fenchurch Power Limited (in partnership…
