NCDMB, NEXIM Release N62bn to Boost Oil & Gas SMEs   As part of the measures to empower Nigeria’s oil and gas services sector, the Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have disbursed about $42 million (about N62bn) to...

NNPC Sees Revenue Surge to N4.65tn in August Despite Production Drop   The Nigerian National Petroleum Company Limited (NNPCL)’s cumulative revenue has reached N4.655 as of August 2025, up from N4.406 trillion recorded in July, even as crude oil and natural gas production dropped due to...

Nigeria Targets $4.5bn Cost Savings in Oil and Gas Sector by December   Nigerian National Petroleum Company Limited (NNPC) has said the country’s oil and gas industry is on course to save between $3 billion and $4.5 billion in operational costs this year, while pursuing investment...

NUPRC Vows Support For Indigenous Oil, Gas Coys With Right Policies The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reinstated its support indigenous oil and companies with the right policies and regulations to grow. NUPRC Commission Chief Executive (CCE), Mr. Gbenga Komolafe, stated this when he...

Oil Communities, Firms Partnership Target $5bn Investment Fund   The Host Communities of Nigeria Producing Oil and Gas had said it is targeting a $5bn fund in partnership with the private sector to kick-start investment drive and development in the oil-producing states in the country. The Executive...

Oil, Gas Industry Operators to Get 10-year Tax Vacation - Sylva The Minister of State, Petroleum, Chief Timipre Sylva, said yesterday that when the Petroleum Industry Act (PIA) fully takes off, it will provide for a 10-year tax vacation for some oil and gas investors...