The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round, effective December 1, 2025.

NUPRC Predicts Significant Increase in Nigeria's Oil Output   The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, has expressed optimism that Nigeria’s crude oil output will soon witness a significant boost following the completion of a new offshore production facility. Komolafe expressed...

Reps Probe $850bn Unremitted Oil, Non-Oil Export Proceeds The House of Representatives has launched an investigation into the alleged non-repatriation of Nigeria’s crude oil and non-oil export proceeds valued at over $850 billion between 1996 and 2014. Chairman of the House Ad-Hoc Committee on Pre-Shipment Inspection...

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...

NUPRC Projects 600,000bpd Boost from New Oil Investments The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the 28 Field Development Plans (FDPs) so far approved in 2025 will add 600,000 barrels of oil per day and more than 2 billion standard cubic feet of gas...

Nigeria’s crude oil production declined to 1.39 million barrels per day (bpd) in September 2025, marking a second consecutive month of reduced output.