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Business

NUPRC Lists Divestment Framework For Potential Investors In SPDC Assets

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has listed the conditions that must be met by potential investors willing to invest in the assets...
Business

Synergy Between Refineries, Oil Firms To Rise As NUPRC Unveils Domestic Crude Oil Supply Obligation Template

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the template for Domestic Crude Oil Supply Obligation (DCSO). The move, according to the NUPRC...
Business

‘We Can’t Remit Funds Not Received’- NUPRC Debunks Report Of Non-Remittance Into Federation Account

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday debunked reports that it was indicted by an Audit Report for non-remittance of funds into...
Business

To Stop ‘Errant Behaviour’ In Oil Sector, Tinubu Rejigs NUPRC, Appoints 3 Executive Commissioners, Redeploys One

President Bola Tinubu has rejigged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in a move said to be aimed at improving regulatory efficiency and...
Business

NUPRC Woos Foreign Investors Into Nigeria’s Oil & Gas Industry, Says Operating Environment Safe

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has called on foreign investors to tap the opportunities of investing...
Business

Nigeria’s crude oil production hits 1.35m bpd, highest in 2023

Latest figures obtained from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country’s output in September was about 14 per cent higher...
Business

Despite NEITI’s $1.9bn FAAC Under-Remittance Claim, FG Still Owing NNPC Ltd Over $9.74bn Fuel Subsidy Debt

Despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $1.9bn to...
Business

Forty-Two Companies Win Bid For Nigerian Gas Flare Commercialisation Programme

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday announced the outcome of the bidding exercise and issuance of letters of award to 42...
Business

NUPRC Gives Oil & Gas Companies September 30 Deadline To Remit Statutory Fund To Host Communities

The Nigerian Upstream Petroleum Regulatory Commission on Saturday threatened to revoke the licences of oil and gas operators that failed to remit the statutory...
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