Court Orders Final Forfeiture of $13 Million Linked to Oceangate, Achimugu
The Federal High Court in Abuja has ordered the final forfeiture of $13 million linked to industrialist Aisha Achimugu and ...
Tag: NUPRC
NUPRC Approves Applicants for Next Phase of 2025 Oil Block Auction
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has concluded the pre-qualification phase of Nigeria’s 2025 oil licensing round, with successful ...
President Tinubu Requests Senate Confirmation for Taiwo Oyedele in Major Policy Shift
President Bola Tinubu has formally asked the Senate to screen and confirm Taiwo Oyedele as the Minister of State for ...
Foreign Oil Firms Face 90-Day Incorporation Rule
In a decisive move to strengthen local participation in the energy sector, the Nigerian government has issued a mandatory 90-day ...
Nigeria Earns N55.5tn from Crude Oil Sales in 2025 Despite Output Shortfalls
Nigeria generated an estimated N55.5 trillion from crude oil sales in 2025, supported largely by favourable oil prices, even as ...
Nigeria’s 2025 Oil Production Averages 1.64 Million Barrels Daily Amid Fluctuations
Throughout the first 11 months of 2025, Nigeria's combined crude oil and condensate production averaged a steady 1.64 million barrels ...
Nigeria Cuts 2025 Oil Licensing Signature Bonus to $3–$7 Million
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a major adjustment to the financial terms for the 2025 petroleum ...
Nigeria Doubles U.S. Crude Imports as Domestic Supply Struggles to Peep Pace
Nigeria’s reliance on crude shipments from the United States has expanded sharply this year, despite government pressure on producers to ...
Nigeria Opens 2025 Oil Licensing Round to Lure Fresh Investment and Boost Upstream Growth
In a decisive step to rejuvenate its upstream oil and gas sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has ...
From Black Gold to Engineered Fuels: Why OPEC Urges Nigeria to Halt Crude Exports and Prioritise Refining
In a significant strategic pivot, the Organisation of the Petroleum Exporting Countries (OPEC) has instructed Nigeria’s oil producers to stop ...
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