Nigeria Exceeds OPEC Oil Quota for Fifth Straight Month
Nigeria maintained crude oil production above its OPEC quota for the fifth consecutive month in September, with average daily output of crude oil and condensates rising by 2.34 per cent…
2026 Licensing Round: NUPRC Opens 40 Oil and Gas Blocks to Investors
The 2026 Licensing Round has opened with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) offering 40 oil and gas blocks to Nigerian and international investors. NUPRC Chief Executive Officer, Oritsemeyiwa…
NNPC Remits N7.91tn to Federal Government in Seven Months
The Nigerian National Petroleum Company (NNPC) Limited remitted about N7.91 trillion in statutory payments to the Federal Government between January and July 2026. The figure appeared in the company’s July…
Presidency Explains Tinubu’s Stand on Fuel Subsidy
By Babatunji Wusu The Presidency has explained why President Bola Tinubu has refused to restore the fuel subsidy, stating that the previous system mainly benefited fraudulent individuals rather than ordinary…
