FG Rakes in ₦55.5tn from Crude Oil Sales in 2025 Nigeria earned an average of N55.5tn from crude oil sales in 2025, an analysis of official production figures released by the Nigerian Upstream Petroleum Regulatory Commission and crude price data published by the Central Bank...

NUPRC Opens 50 Oil, Gas Blocks for Bidding  The Nigerian Upstream Petroleum Regulatory Commission has opened 50 oil and gas blocks across five sedimentary basins for bidding and exploration in the 2025 licensing round, warning that only technically competent and financially strong firms will be...

FG Ends Signature Bonus Refunds Under Ongoing Oil Sector Reforms The Federal Government has warned prospective investors in the 2025 oil licensing round that any errors, miscalculations, or disappointments arising from the bidding process will be borne entirely by the companies involved, stressing that there...

NUPRC, NMDPRA Meet to Strengthen Regulatory Efficiency in Oil Sector The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) have taken remarkable steps toward enhancing regulatory efficiency and encouraging investments in Nigeria’s oil and gas sector. The meeting, which...

Oil Regulators Renew Cooperation to Boost Investments   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have renewed efforts to enhance regulatory efficiency and foster investment in the country’s oil and gas sector, signalling a new era...

Tinubu Nominates New Boards for NUPRC, NMDPRA President Bola Tinubu has nominated new boards for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a statement, Bayo Onanuga, Special Adviser to the President on Information and Strategy,...