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...
Tinubu Renews Ogoni Peace Talks as Global Oil Demand Hits $540bn
President Bola Tinubu has revealed that the government is holding advanced discussions with Ogoni leaders to resolve long-standing disputes that have hindered oil production in the area.
Tinubu made this known on Wednesday while speaking...
NUPRC Bans Crude Exports by Firms Bypassing Local Refineries
The Nigerian Upstream Petroleum Regulatory Commission has said it will not grant export permits to oil companies that fail to meet their domestic crude supply obligations, as part of efforts to strengthen energy security and support...
