Industry

Gbenga Komolafe, NUPRC Chief Executive. As Nigeria embarks on its 2024 Licensing Round, the combination of robust natural resources, competitive regulatory framework and strategic incentives has created a favorable environment for…
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Ekperikpe Ekoo The Federal Government's effort to boost the country's gas sector has received a significant boost with the signing of a Gas Sales and Purchase Agreement (GSPA) for the Brass Fertilizer and Petrochemical project in…
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Tommy Okon, a prominent figure in Nigeria’s oil and gas sector, shared his concerns about the ongoing subsidy removal and the larger economic issues that accompany it. According to Arise TV in a recent interview with Okon, he said…
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Oil producing communities in Akwa Ibom State, civil society organisations as well as the media have called on the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to make public the available data on the 3% Operating…
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Professor Adeola Adenikinju who is the President of the Nigeria Economic Society (NES), has expressed concerns over the current state of fuel production in Nigeria. Despite the inauguration of the Dangote Refinery, he noted…
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Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPC), has lost his 25-year-old daughter. Details of her death were sketchy as of the time of filing this report, but NAN reported that…
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With the removal of petrol subsidy in Nigeria, vehicle owners are now forced to consider compressed natural gas (CNG) as a viable option to save them from the high cost of purchasing fuel. On August 19, 2023, the government, led by…
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The federal government on Friday, October 11, signed a Gas Sales and Purchase Agreement (GSPA) with Shell Petroleum Development Company (SDPC) JV for the $3.3 billion Brass Fertilizer and Petrochemical Company Ltd. (BFPCL). Speaking…
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The federal government has approved a new policy allowing petroleum product marketers to purchase Premium Motor Spirit (PMS), commonly known as petrol, directly from local refineries, including the Dangote Refinery. According to The…
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The federal government has announced the full deregulation of the petroleum industry in Nigeria, saying oil marketers were free to purchase their products from any source. Before now, the Nigerian National Petroleum Company (NNPC)…
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