Oil
Petrol Imports Hit Record Low as Dangote Refinery Boosts Local Output
Nigeria’s import of Premium Motor Spirit (PMS), commonly known as petrol, dropped to a record low in June, largely due...
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NCDMB Launches Compliance Certificate System to Enforce Local Content Levy
In a move to enforce compliance with the statutory 1% local content levy, the Nigerian Content Development and Monitoring Board...
Read moreNCDMB Enforces Content Fund Clearance, Launches N50bn Community Contractor Scheme
The Nigerian Content Development and Monitoring Board (NCDMB) has officially commenced enforcement of the Nigerian Content Fund Clearance Certificate (NCFCC)...
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Nigeria’s Upstream Sector Meets 77% Domestic Gas Obligation Despite Infrastructure Gaps
Despite persistent infrastructure challenges in Nigeria’s gas sector, the country’s upstream oil and gas segment fulfilled 77% of its Domestic...
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NUPRC Generates ₦28.11bn from Oil Licence Fees in First Five Months of 2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of ₦28.11 billion in miscellaneous oil revenue tied to...
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Oil Prices Flat as Market Juggles OPEC+ Supply Prospects and U.S. Inventory Data
Oil futures remained largely unchanged on Wednesday, as traders digested the prospect of increased supply from major producers next month,...
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Petrol Marketers Expect Price Crash as Crude Oil Drops
Petroleum marketers across Nigeria have expressed optimism over a possible crash in the pump price of Premium Motor Spirit (PMS),...
Read moreNUPRC Positions Nigeria as Africa’s Next Upstream Investment Hub
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has presented Nigeria’s upstream oil and gas sector as Africa’s premier investment frontier,...
Read moreNUPRC Mandates Unique ID and Clearance for All Crude Oil Exports Under New Regulation
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a new directive requiring all crude oil exporters to obtain a...
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IPPG Backs NUPRC’s One Million Barrels Initiative as Nigeria Hits 97% of OPEC Quota
The Independent Petroleum Producers Group (IPPG) has pledged its full support for the Project One Million Barrels Incremental initiative, launched...
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