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…
The Nigerian Electricity Regulatory Commission (NERC) has urged the Federal Government to spend the significant part of the $ 2 billion available to the Rural Electrification Agency (REA) to proffer solutions to the power supply challenges of the country’s industrial hubs. Vice Chairman, Dr. Musiliu Oseni, gave the charge, while speaking at the Nigerian Electricity…
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…
The Federal Government and investors in the Nigerian Electricity Supply Industry (NESI) have expressed differing views on whether state governments currently have the capacity to regulate electricity markets within their jurisdictions. The disagreement surfaced at an event in Abuja marking the 20th anniversary of the Nigerian Electricity Regulatory Commission (NERC). Speaking on behalf of the…
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,…
Following President Bola Tinubu’s approval of a 15 per cent import tariff on fuel, Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per litre The new policy, which takes effect after a 30-day transition period expected to end on 21 November 2025, is part of…
