The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says Nigeria’s upstream oil sector has witnessed a great turn around in the last four years, as the country’s active rig count soared from eight in 2021 to 69 as of October 2025. A statement on Saturday also noted that Komolafe has been…
The President of the Trade Union Congress, Festus Osifo, has warned that the Federal Government’s proposed 15 per cent import duty on Premium Motor Spirit otherwise known as petrol could further worsen the living conditions of Nigerians. Speaking on Channels Television’s ‘TUC Half Hour’ monitored by our correspondent on Wednesday, Osifo said the union was…
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, has expressed delight over the impending increase in oil production. The CCE shared his view during an official visit to Dubai Drydocks World (DDWD) in the United Arab Emirates as part of regulatory oversight of the EMEM Floating Production Storage…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says Nigeria remains on track to grow crude oil production to two million barrels per day (bpd) by 2027 and three million bpd by 2030. Mr Udy Ntia, Executive Vice President, Upstream, NNPC Ltd., made this known on Monday at the ongoing 2025 Abu Dhabi International Petroleum…
The Nigeria Labour Congress (NLC) has cautioned against the Nigerian government’s newly approved 15 per cent import tariff on petrol and diesel, warning that the policy could backfire if it leads to price manipulation or consumer exploitation. The spokesperson of NLC, Benson Upah was reacting to President Bola Ahmed Tinubu’s approval of a 15 per…
The Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Company Limited (NNPC) have jointly opposed the proposed National Commission for the Decommissioning of Oil and Gas Installations (NC-DOGI) bill, 2024. Eniola Akinkuotu, Head, Corporate Communications and Media, in a statement said the position was presented at a…
The Permanent Secretary, Ministry of Petroleum Resources, Dr. Emeka Vitalis Obi, has reaffirmed Federal Government’s commitment to strengthening Nigeria’s fiscal and energy frameworks through sustained collaboration with international development partners. Dr. Obi stated this in Abuja during a joint engagement between the Ministry, its regulatory agencies, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the…
THE Nigeria Liquefied Natural Gas Limited, NLNG has announced a new addition to its line-up of prestigious national awards — The Nigeria Prize for Creative Arts, a $20,000 prize dedicated to celebrating excellence in documentary filmmaking. The initiative, unveiled at a press conference in Lagos on October 31st, 2025, marks a significant milestone in NLNG’s…
One hundred young graduates of diverse academic disciplines on Thursday began a Graduate Internship Programme jointly sponsored by the Nigerian Content Development and Monitoring Board (NCDMB), Renaissance Africa Energy Company (RAEC) Limited, and the Petroleum Technology Association of Nigeria (PETAN) as part of a collaborative initiative to provide youths with critical skills, exposure and practical…
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The initiative is aimed at protecting local refineries and stabilising the downstream market, but it is likely to raise pump prices. In a letter dated October 21, 2025, reported publicly on October 30,…
