The Federal Government has limited bidders of its 50 oil blocks located in the onshore, shallow water, and deep offshore areas to a maximum of two blocks. This limit and other guidelines would be discussed during the Bid Conference and Roadshow in January 2026 to enable local and foreign investors to understand more and participate….
…targets increased investment, supply of gas Nigeria’s gas sector is set for a major transformation as the Federal Government launches the first gas trading license, clearing house and settlement authorisation aimed at driving transparency, competitiveness, and boosting investment inflows. This initiative, spearheaded by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in collaboration with…
The Nigerian National Petroleum Company Limited (NNPCL) has set its crude oil production target for 2026 at more than two million barrels per day. Engr. Akponime Omojevwhe, Head of Field Operations, Eastern Corridor, Project Monitoring Office (PMO) of NNPCL, disclosed this at the monthly stakeholders’ meeting with host communities of the Trans Niger Pipeline (TNP),…
Nigerians consumed less of Dangote Refinery’s petrol daily, according to November 2025 industrial data recently released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. NMDPRA in its Fact Sheet for November said out of the 52.9 million litres per day of petrol consumed by Nigerians, only 19.5 million litres per day were supplied…
The Federal Competition and Consumer Protection Commission has sealed the corporate headquarters of Ikeja Electric for allegedly leaving 19 residential units without electricity for about 30 months. The commission disclosed in a statement on Thursday that this occurred despite the complainant, who owns the 19 units, paying all charges requested by Ikeja Electric and fulfilling…
The NNPC/Heirs Energies OML 17 Joint Venture today advanced Nigeria’s gas commercialisation and environmental stewardship agenda with the symbolic signing of Gas Flare Commercialisation Agreements under the Nigerian Gas Flare Commercialisation Programme (NGFCP) and approved Non-NGFCP frameworks. The ceremony marks a significant transition from regulatory approvals to structured commercial execution, enabling flare gas volumes across…
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, on Tuesday said the Board has tightened its certification process to stop middlemen and dubious operators from accessing Nigerian Content compliance documents. Speaking at the Practical Nigerian Content Forum in Yenagoa, Bayelsa State, Ogbe said the move aligns with the Presidential Directive…
As the 2025 licensing round gets underway, the Federal Government has reduced the signature bonus from $10m to $3m and $7m. The Nigerian Upstream Petroleum Regulatory Commission disclosed this in an update on its website. According to the commission, this was part of the government’s efforts to reduce entry barriers. “Interested in one of the…
The house of representatives public account committee has summoned Bayo Ojulari, the group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited. The committee issued the summons on Monday following Ojulari’s failure to appear before the panel. In a letter read by Bamidele Salam, the committee’s chairman, Ojulari cited a meeting at…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has released $185.12 million and N14.9 billion to the Nigerian National Petroleum Company (NNPC) Limited from the frontier exploration fund. A report had suggested that the funds were being withheld by the commission. But in a statement on, Eniola Akinkuotu, the commission’s spokesperson, denied that the…
