Oil Firms Commit Additional $23.8m in Competitive Bids   The competition for Nigeria’s oil and gas assets witnessed dramatic turns at the 2025 licensing round organised by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as several companies committed millions of dollars in additional signature bonuses to...

Oil Regulators Renew Cooperation to Boost Investments   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have renewed efforts to enhance regulatory efficiency and foster investment in the country’s oil and gas sector, signalling a new era...

We Will Step Up Interventions in Oil and Gas Sector for Enhanced Investment Values - Tinubu   President Bola Ahmed Tinubu has given an assurance that his government will continue to provide the needed interventions in the oil and gas industry in line with the provisions...

Three Major Oil Firms Project N290bn Revenue in Q1, 2024   Three oil and gas firms have projected a total of N290 billion in terms of revenue for the first quarter of 2024. These projections were stated in their earnings forecast filed with the Nigerian Exchange Limited. The...

Oil Sector Attracted Zero Foreign Investment in Q2, 2021 - NBS   The oil and gas sector in the country failed to attract any foreign investment for the first time in Q2 2021, amid the global push for cleaner energy, according to the National Bureau of...

Oil & Gas, Manufacturing Sectors Get 55.5% of Loans in H1, 2023   Two sectors, Oil and Gas, and the manufacturing sectors dominated banks’ lending in the first half of the year, H1’23, accounting for 55.5 per cent of the N8.03 trillion increase in loans during...