Nigeria is on course to achieve its target of producing 3 million barrels of crude oil per day by 2030, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Upstream Oil Sector Attracts $10bn in New Investments Nigeria’s upstream oil and gas sector is witnessing a resurgence in investor confidence, with over $10bn in new investments unlocked through recent regulatory reforms, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said. The Commission Chief Executive of...

Nigeria’s Oil Output Falls Short of OPEC Quota for Six Months   Nigeria failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries (OPEC) in the first month of 2026, extending its streak...

The newly appointed Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has assumed office.

Petroleum Regulators Assure Investors of Reforms   President Bola Tinubu’s nominees for the leadership of Nigeria’s petroleum regulators on Thursday pledged sweeping reforms aimed at plugging value leakages, restoring discipline across the sector and unlocking fresh investments under the Petroleum Industry Act. The nominee for the Nigerian...

Assets Conversion: NNPCL, Chevron Target 165,000 bpd by December In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have...