Nigeria’s upstream oil and gas sector has attracted over $24 billion in capital inflows following targeted interventions by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), according to NNPCL Group Chief Executive Officer, Engr. Bashir Bayo Ojulari.
Senate Grills Ojulari, Kyari Over N210trn NNPC Audit Issues
The Senate, through its Committee on Public Accounts, has given the management of Nigerian National Petroleum Company (NNPC) Limited an April 29 deadline to appear before it to account for the N210 trillion flagged in audit...
$24bn Investments Flow into Nigeria’s Oil Sector as Reforms Take Hold - NNPC
The Nigerian National Petroleum Company Limited (NNPCL) has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline,...
The Nigerian National Petroleum Company Limited (NNPCL) says crude oil production has risen from a historic low of 960,000 barrels per day in 2022 to an average of 1.71mbpd, peaking at 1.84mbpd in 2025, thanks to intensified pipeline security in the Niger Delta.
Nigeria is ramping up efforts to strengthen crude oil production, with the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Bashir Bayo Ojulari, projecting an incremental increase of about 100,000 barrels per day (bpd) in the coming months.
NNPC Reports N5.7trn Profit, N60.5trn Revenue in 2025
The Nigerian National Petroleum Company LimitedNNPC) recorded a profit after tax of N5.76tn and total revenue of N60.517tn for the 2025 financial year, even as crude oil and condensate production declined to 1.54 million barrels per day...
