Nigeria’s crude oil exports declined by N3.18tn in the first half of 2025 despite an increase in production volumes, the latest foreign trade statistics report from the National Bureau of Statistics has shown.

Crude Oil Theft Plunges to Lowest Level in Over a Decade   Nigeria has achieved a significant breakthrough in curbing crude oil theft and losses, with figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showing a 50.2 per cent reduction in losses during the first...

NUPRC Secures $400m in Pre-sale Decommissioning Liabilities The Nigerian Upstream Petroleum Regulatory Commission has announced that it secured over $400m in pre-sale decommissioning and abandonment liabilities from recent oil asset divestments in a move to prevent Nigeria from inheriting costly environmental and financial burdens. The Chief...

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.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s oil output rose by 0.89 percent to 1.71 million barrels of oil per day (bpd) in July.

FG to Settle N2.7trn Gas Debt with Royalty Payments   The Federal Government is planning to clear the N2.7tn owed to gas companies with royalties. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, disclosed this Thursday during a Zoom meeting organised...