NUPRC Offers 12 Oil Blocks to Investors as 2024 Bid Round Commences The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday, disclosed that it has commenced the process for the 2024 oil bid round with 12 oil blocks on offer and seven deep offshore blocks from...

FG To Explore Alternative Funding Model For Oil, Gas Industry Development – NUPRC   The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources. Mr Gbenga Komolafe, the Commission...

Oil Firms Pay N138bn Petroleum Tax In June   Four International Oil Companies (IOCs) operating four crude export terminals and a gas feedstock paid N138.749 billion to the Federal Inland Revenue Service (FIRS) as Petroleum Profit Tax, Company Income Tax and Education Tax for June 2022. According...

Fed Govt Earns N174bn From Marginal Oil Fields Lease   At least N174 billion was raked in by the federal government from the payment for the 2020 marginal oil fields, the Commission Chief Executive (CCE) of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Engr Gbenga Komolafe, has...