NNPC Records N380bn Revenue Loss in September   The Nigerian National Petroleum Company Limited (NNPCL) has suffered a drop in both production and earnings, losing about N380bn in September 2025 when compared to the previous month, according to its latest monthly performance report. Figures from the September...

Nigeria's Oil Sector Reports 454m Barrels Produced in Nine Months   Nigeria produced a total of 454.28 million barrels of crude oil and condensates between January and September 2025, according to oil report data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The figures show that crude...

Dangote Refinery Reduces Crude Intake Amid Operational Challenges   Amid its recent struggle to meet local fuel demand, the Dangote Petroleum Refinery has reportedly reduced its crude oil purchases this month following operational setbacks that have slowed output. The refinery is expected to purchase fewer than 300,000...

NNPC Sees Revenue Surge to N4.65tn in August Despite Production Drop   The Nigerian National Petroleum Company Limited (NNPCL)’s cumulative revenue has reached N4.655 as of August 2025, up from N4.406 trillion recorded in July, even as crude oil and natural gas production dropped due to...

Marketers Demand NNPC Settle N25bn Equalisation Funds   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked the Nigerian National Petroleum Company Limited to pay the long-held petroleum equalisation funds owed to its members. The marketers also urged the NNPC Group Chief Executive Officer, Bayo Ojulari,...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Monday, signed a production sharing contract (PSC) with TotalEnergies and South Atlantic Petroleum (Sapetro) for petroleum prospecting licences (PPL) 2000 and 2001.