Energy
Nigeria Exported 82% of Crude Oil in Q1 2025 Amid Local Refinery Shortages — NUPRC
Amid growing concerns from local refiners over limited crude supply, Nigeria exported a staggering 82 per cent of its crude...
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Oil Prices Edge Higher on U.S. Crude Drawdown and Middle East Caution
Oil prices ticked up on Thursday, building on the previous day’s gains after a larger-than-expected drawdown in U.S. crude stocks...
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NMDPRA Launches Lubricant Importation Module to Tackle Substandard Products
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced major steps to regulate and streamline the quality of...
Read moreNigeria Attracts $16 Billion in Oil and Gas Investments Between 2023 and 2025 — NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Nigeria attracted $16 billion in oil and gas investments between...
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NERC Transfers Electricity Market Oversight to Abia State Regulator
The Nigerian Electricity Regulatory Commission (NERC) has formally transferred regulatory oversight of the electricity market in Abia State to the...
Read moreNUPRC Notifies Oil Firms of Expiring Licences, Sets $5,000 Extension Fee
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued official notices to over 40 holders of Petroleum Prospecting Licences (PPL),...
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Oil Falls to Lowest in Over a Week as Trump Announces Israel-Iran Ceasefire
Oil prices plunged on Tuesday to their lowest levels in more than a week after U.S. President Donald Trump announced...
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NNPC Raises Petrol Price to ₦915 in Lagos, ₦945 in Abuja Amid Dangote Ex-Depot Hike
The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit (PMS), also known as...
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,...
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States Take Charge of Electricity Regulation Under New Power Act
Operators and experts in Nigeria’s power sector have raised both concerns and optimism as states begin assuming regulatory control over...
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