KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed Petroleum Exploration Licence No. 5 with SeaSeis Geophysical Limited to advance offshore exploration activities. The agreement authorises the company, …
KEY POINTS The Central Bank of Nigeria, CBN, has approved full repatriation of export proceeds by international oil companies, granting them unrestricted access to 100 percent of their foreign exchange …
KEY POINTS The Nigerian Electricity Regulatory Commission, NERC, has inaugurated a new forum designed to strengthen coordination and improve effectiveness in electricity regulation across Nigeria, as the country continues to …
KEY POINTS Oil producers operating in Nigeria are now receiving significantly faster approvals to revive idle wells, as authorities move to boost crude output and strengthen the country’s position in …
KEY POINTS The Dangote Refinery has raised concerns over a major shortfall in crude oil allocations under the Federal Government’s crude-for-naira programme, revealing that it is receiving far fewer shipments …
KEY POINTS Nigeria recorded a combined crude oil and condensate production shortfall of about 16.6 million barrels in January and February 2026, according to data released by the Nigerian Upstream …
KEY POINTS Electricity distribution company Ikeja Electric has attributed the worsening power outages across Lagos to a nationwide decline in electricity generation. The company said the development has significantly reduced …
KEY POINTS Electricity distribution companies have attributed ongoing blackouts across Nigeria to inadequate generation from the country’s hydro power plants. The Chief Executive Officer of the Association of Nigerian Electricity …
KEY POINTS The Federal Government has announced plans to address persistent gas shortages affecting electricity generation, as unstable power supply continues across Nigeria. Minister of Power, Adebayo Adelabu, disclosed that …
KEY POINTS Nigeria earned $31.54 billion from crude oil exports in 2025, according to data released by the Central Bank of Nigeria (CBN). The figure represents a 14.41 percent decline …
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