Business
NUPRC gives oil block winners payment deadline or risk losing them
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday, August 23, gave 31 companies that emerged as winners of 37 oil and gas ...
Business
NUPRC issue prospecting licences to 12 firms in 2024 bid round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has executed concession contracts and commenced the issuance of 19 Petroleum Prospecting Licences (PPLs) to successful ...
Opinion
Understanding the petroleum pricing mechanism in a deregulated economy
For more than five decades, Nigerians have lived through one petroleum pricing policy after another. Since 1973, successive governments have attempted to moderate ...
Opinion
NNPC on the road to perdition: Senator Adams Oshiomhole, the senate leadership in the struggle for transparency to save NNPC
The recent happenings in our Senate at Abuja between Senator Adams Oshiomhole and the Senate leadership over the level of rot and decadency ...
Business
Fuel war looms as NNPC rejects Dangote Refinery’s push to stop fuel imports
The Nigerian National Petroleum Company (NNPC) Limited has opposed the lawsuit filed by Dangote Petroleum Refinery challenging fuel import licences issued to marketers. ...
Business
NNPC pays N180bn oil revenue to FAAC for 3 months, fail to pay dividend
The federation account received a total of N180.04 billion as production sharing contracts (PSCs) profit oil from the Nigerian National Petroleum Company (NNPC) in ...
Business
I’ll strengthen energy security, eliminate supply bottlenecks, ensure fuel availability – NMDPRA CEO Rabiu Umar pledge
Rabiu Umar, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has pledged to strengthen energy security, eliminate supply ...
Opinion
NNPC Ltd and the future of Nigeria
As usual, I am an ordinary citizen, and like many Nigerians, I remain naturally optimistic and hopeful about the possibilities of a better ...
News Updates
Crude oil, condensate reserves drop to 37.01 from 37.28bn barrels
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday April 1, said that the nation’s crude oil and condensates reserves dropped to 37.01 ...
Business
NMDPRA raise natural gas price from $2.13 to $2.18 per MMBtu
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has fixed a new domestic base price of $2.18 per 1 million British thermal ...