Skip to content
2025 Licensing Round: NUPRC to end registration, applications Feb 27
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round closes at 4.30pm on 27 February 2026. The commission stated in a media release that…
Nigeria’s external reserves hit 13-year high as CBN cuts rate amid falling inflation
“Gross external reserves surpass $50 billion, providing nearly 10 months of import cover, while year-on-year inflation eases for the eleventh consecutive month, prompting a 50bps reduction in the Monetary Policy Rate to 26.5%.” Sopuruchi Onwuka Nigeria’s gross external reserves rose…
NUPRC’s digital shift improves royalty tracking, compliance
Sopuruchi Onwuka Digitization of regulatory processes at the Nigerian Upstream Petroleum Regulatory Commission has significantly improved the tracking and enforcement of royalty payments, according to the Commission’s Chief Executive, Mrs. Oritsemeyiwa Eyesan. Eyesan said default rates on royalty payments were…
Nigeria to position as Africa’s investment hub at AOW:Energy 2026
Sopuruchi Onwuka Africa’s upstream oil and gas sector is entering a new phase of investment and regulatory reform, with Nigeria positioning itself at the center of that shift. Organizers of AOW:Energy say the 2026 edition will place a strong spotlight…
Dangote flaunts fuel supply capacity, but price creates real gaps
Disproves government’s supply figures Sopuruchi Onwuka Private refinery behemoth, Dangote Industries Limited, has declared that it has optimized its plant processing operations, increasing fuel production capacity beyond perceived national peak daily demand. The company also stated that it now has…
Executive Order No. 9 prioritizes immediate cash over oil industry sustainability
The controversial Executive Order No. 9 of 2026 which essentially pulls back investment and operating capitals reserved for strategic growth programs of the Nigerian National Petroleum Company (NNPC) Limited does not just nullify provisions of the Petroleum Industry Act (PIA),…
Nigeria’s Jan oil output, price challenge 2026 budget assumptions
Sopuruchi Onwuka Nigeria’s crude oil production slipped in January, highlighting an early gap between actual performance and the more ambitious assumptions embedded in the 2026 federal budget. An analysis of the January production performance and average oil price in January…
NNPC, Dangote resolve to collaborate, diversify venture opportunities
Two of Nigeria’s most powerful energy players, the Nigerian National Petroleum Company Limited (NNPC) and Dangote Petroleum Refinery & Petrochemicals, have agreed to rebuild and deepen their collaboration as part of a broader push to diversify downstream operations and expand…
TotalEnergies reaffirms commitment to Nigeria’s industry aspirations
Sopuruchi Onwuka The Managing Director of TotalEnergies EP Nigeria Limited, Mathieu Bouyer, has restated the company’s commitment to expanding Nigeria’s energy supply while reducing the carbon intensity of its operations. Bouyer who spoke during a panel session titled “Capitalizing on…
FG seeks expansion of clean cooking to 5m homes
Sopuruchi Onwuka Federal Government has called for strong global financing support to accelerate clean cooking access for five million Nigerian households by 2030, stressing that is a pillar of economic inclusion, gender empowerment, domestic industrialization and environmental stewardship. Minister of…
