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NUPRC

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Business·Oil & Gas

NUPRC Fails To Achieve 50% Of 2025 Revenue Target In H1

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded 34.7 per cent of its 2025 revenue target in the first half of the year (January–June 2025), generating ₦5.21 trillion from crude oil, gas sales, and related activities. This falls short of the proportional mid-year benchmark needed to meet

August 13, 2025

News·Oil & Gas

New Crude Oil Evacuation Routes Will Curb Oil Theft, Boost Production – CEGA

The Centre for Energy Governance and Accountability (CEGA) has commended the federal government for approving 37 new crude oil evacuation routes, saying the move will help to significantly reduce oil theft, improve transparency, and boost Nigeria’s oil production. The group’s commendation followed

July 27, 2025

Business·Oil & Gas

Nigeria’s Oil Rig Count Rises By 38 To 46 In Two Years – NUPRC Boss

Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has stated that Nigeria’s oil rigs have risen to 46 from eight in the last two years. This increase indicates a thriving petroleum industry. Speaking on Wednesday at a

July 9, 2025

Business·Oil & Gas

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a historic high of ₦12.2 trillion revenue in 2024. This represents a 176.7 percent surge compared to ₦4.3 trillion recorded in 2023. The 2024 performance report released by NUPRC revealed that it recorded ₦3.7 trillion

July 6, 2025

Business·Oil & Gas

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) addressed the ongoing controversy between oil producers and the Dangote Refinery over crude oil supply, highlighting regulatory challenges, and the broader implications for Nigeria’s energy sector. The Commission shared its challenges in trying to mandate

July 4, 2025

Business·Oil & Gas

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has highlighted conditions that all Petroleum Prospecting Licence (PPL) holders whose licences are about to expire must fulfil to secure extension. One of the conditions is the payment of $5,000 as an application fee.

June 26, 2025

Business·Oil & Gas

NUPRC’s New Guidelines On Crude Exports Tackle Oil Theft, Boost Revenue Generation

In its quest to tackle oil theft and other illicit activities in crude oil movements and exports, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced new guidelines to enhance the monitoring of crude oil exports in the country. The move aims to improve transparency, curb theft, and

June 20, 2025

Business·News·Oil & Gas

Nigeria Govt Approves $1.28bn Seplat-ExxonMobil Deal 2 Years After

Nigerian government has approved the sale of Exxon Mobil’s onshore assets to Seplat Energy, more than two years after the $1.28 billion deal was struck by the two energy firms. Chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga

October 21, 2024

Business·News·Oil & Gas

Nigerian Govt Approves Oando’s Acquisition Of Agip

Nigerian government has announced completion of the deal for acquisition of 100% Nigerian Agip Oil Company (NAOC), by Oando PLC. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, who made the disclosure at Nigeria’s Oil and Gas Week

July 4, 2024

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NUPRC

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

NUPRC Fails To Achieve 50% Of 2025 Revenue Target In H1

New Crude Oil Evacuation Routes Will Curb Oil Theft, Boost Production – CEGA

Nigeria’s Oil Rig Count Rises By 38 To 46 In Two Years – NUPRC Boss

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

NUPRC’s New Guidelines On Crude Exports Tackle Oil Theft, Boost Revenue Generation

Nigeria Govt Approves $1.28bn Seplat-ExxonMobil Deal 2 Years After

Nigerian Govt Approves Oando’s Acquisition Of Agip

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