FG to Rake in N84tn Revenue from Crude Oil in 2025 The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe says the Federal Government is planning to rake in about N84.67tn from the sale of crude oil in 2025. He disclosed that the...

FG Rakes in N8.6tn from Gas Production in 2024 – Report Nigeria generated approximately N8.6tn from natural gas production in 2024, according to Data from the Nigerian Upstream Petroleum Regulatory Commission. This indicated that the country produced 2.5 trillion cubic feet of gas last year. The NUPRC...

Minister Says FG Not Responsible for Setting Fuel Prices The Minister of State Petroleum Resources, Heineken Lokpobiri, emphasized that fluctuations in petrol prices at the pump are largely driven by the volatile price of crude oil in the international market. He said the downstream sector is...

NUPRC Says Oil Rig Count Now 32, Projects 2.1mbpd in 2025 The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32. The NUPRC Chief Executive, Gbenga Komolafe, announced this during his recent appearance before the Senate Committee on Appropriation. Komolafe said...

FG Rakes in N50tn from Crude Oil in 2024 - Report Data from the Nigerian Upstream Petroleum Regulatory Commission reveled that Nigeria’s crude oil revenue rose to about N50.88tn in 2024. According to NUPRC, an agency of the Federal Government, confirmed that Nigeria produced a total...

NUPRC Begins Oil Export Tracking to Enhance Transparency The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is set to enhance transparency and accountability in Nigeria’s oil and gas sector through the implementation of the Advance Cargo Declaration Solution and the Engineering Audit of Upstream...