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OPEC+ adds barrels as Hormuz shipping impasse jolts oil markets
Sopuruchi Onwuka, with agency reports In response to the escalating shipping crisis at the Strait of Hormuz triggered by recent strikes on Iran, key members of the OPEC+ oil cartel have agreed to a modest increase in oil production, seeking…
NCDMB deploys technical team to enforce NCD law in downstream oil sector
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has deployed a five-directorate technical team to deepen compliance enforcement in Nigeria’s downstream petroleum industry, warning operators to fully comply with the Nigerian Oil and Gas Industry Content Development (NOGICD)…
NGCC to boost transparency, attract gas investment – Ekpo
Sopuruchi Onwuka Nigeria has taken a major step toward restructuring its gas sector with the inauguration of a Steering Committee and Joint Technical Working Group to establish a National Gas Infrastructure Command Centre (NGCC). The proposed NGCC will serve as…
NCDMB says capacity building targets full industry ecosystem
Builds health sector capacity with hi-tech equipment, simulators at BMU Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared that capacity building in the energy sector is conceived to create an enabling ecosystem that enhances optimization, operability…
WIEN, Women Affairs Ministry to collaborate on optimizing female capacity
Sopuruchi Onwuka The leading voice for gender equity in the energy sector, Women in Energy Network (WIEN) has entered partnership with the Ministry of Women Affairs and Social Development to advance women’s economic participation and access to healthier clean energy…
WIEN pushes reforms to break barriers for women in petroleum industry
Sopuruchi Onwuka Africa’s leading gender equity advocate, the Women in Energy Network (WIEN) has called for urgent structural reforms in Nigeria’s oil and gas industry, warning that systemic barriers continue to limit women’s participation in the workforce, leadership and enterprise…
Seplat Energy committed to $1 bn return of capital by 2030
Posts $2.73 bn revenue in 2025, projects 135,000-155,000 boepd in 2026 Sopuruchi Onwuka Leading Nigerian independent energy company, Seplat Energy Plc, has reiterated its resolve to deliver billion-dollar cumulative return of capital to shareholders by 2030, pointing at the cash…
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…
