Nigeria’s upstream petroleum regulator has reported sweeping gains in the oil and gas sector, announcing a 762 per cent rise in rig count alongside billions of dollars in new investments and major reforms four years after its establishment.
NUPRC Withdraws Approval for TotalEnergies’ $860 million Asset Divestment
The Nigerian Upstream Petroleum Regulatory Commission has revoked its earlier approval for French oil major TotalEnergies to divest its minority stake in Shell Petroleum Development Company of Nigeria Limited, dealing a setback to the company’s plans...
Investors Warn as Nigeria Loses N8.41tn to Oil Theft
The Nigerian Upstream Petroleum Regulatory Commission says Nigeria lost crude oil valued at a staggering N8.41tn to theft and metering deficiencies between 2021 and July 2025.
Although the regulator celebrated recent progress in reducing daily losses to...
Proposed PIA Amendment: A Note of Caution
By Ben Ekori
In spite of the seeming chaos that governs most of what we do in Nigeria, there is an observable symmetry in the way government policies are communicated to the citizenry. It is not clear if...
The Federal Government has disclosed that a total of 67,657,559 barrels of crude oil were supplied to local refiners for processing between January and August 2025.
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.
