NUPRC Has Restored confidence in Nigeria’s oil sector – Lokpobiri

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said investor confidence is back in Nigeria’s oil sector. The Minister commended the Nigerian Upstream Petroleum Regulatory Commission, NUPRC for changing the narrative in upstream activities by restoring confidence in line with the Petroleum Industry Act (PIA), 2021, which he said is evident in…

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ASUU suspends warning strike, says there is progress in negotiations

The Academic Staff Union of Universities (ASUU) has suspended its two-week warning strike. Chris Piwuna, president of ASUU, addressed the press on Wednesday after an overnight national executive council (NEC) meeting that ended at 4:00 am. ASUU had embarked on a warning strike on October 13 over its dissatisfaction with the federal government’s response to…

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Scarcity of cooking gas persists Across the County

DESPITE the appeal by the minister of State Petroleum Resources (Gas), Honourable Ekperikpe Ekpo, urging marketers, distributors, and all stakeholders along the LPG (cooking gas) value chain to desist from hoarding the product and refrain from exploiting consumers for profit, the product’s scarcity persist in Lagos, Abuja, Delta States, others. Besides, for the few available…

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FCMB Partners NCDMB, BoI to disburse ₦15 billion loan to local contractors in the oil and gas sector

First City Monument Bank (FCMB) has been selected as one of the Participating Financial Institutions (PFIs) for the implementation of the Community Contractors Finance Scheme, an initiative of the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Bank of Industry Limited (BoI). The scheme is designed to bridge the funding and skills…

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FG projects 600,000-barrel daily crude increase from fresh investment

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has projected an increase of approximately 600,000 barrels per day in Nigeria’s crude oil production, driven by a surge in new investments in the upstream sector. It stated that the additional output would come from the 28 Field Development Plans approved so far in 2025,…

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Chevron Nigeria Limited Hosts NNPCL EVP, Reaffirms Commitment to Nigeria’s Energy Future

October 17, 2025085 The EVP NNPCL, and Chevron leadership team members in a group photograph at Escravos Chevron Nigeria Limited (CNL), on Tuesday October 14, 2025, welcomed the Executive Vice President (EVP) Upstream, of the Nigerian National Petroleum Company Limited, Udobong Ntia to its Escravos operations base for an official visit that underscored the strategic…

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Transformative Regulatory Interventions reposition Nation’s oil and Gas Industry – NUPRC

The Nigerian UPstream Petroleum Regulatory Commission, NUPRC, says it has implemented series of transformative and regulatory interventions designed to reposition Nigeria’s upstream sector for competitiveness, resilience and sustainable growth, adding that through these efforts, the Commission is not only driving the rebound of the oil and gas industry, but also shaping Nigeria’slong-term energy future. The …

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3,700 Youths to Benefit from NCDMB Digitalization Training

In line with its capacity building mandate, the Nigerian Content Development and Monitoring Board (NCDMB) is set to begin a comprehensive digitalization training programme targeting 3,700 youths across the country. In a statement, the General Manager, Corporate Communications, Obinna Ezeobi, PhD said theinitiative, which is under the banner of the NCDMB Digitalization Initiative (NDI), is…

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