Petroleum Industry Act
Nigeria Local Refineries Receive 28.5 Million Barrels of Crude Amid Supply Gaps in First Quarter 2026
Nigeria local refineries received only 28.5 million barrels of crude oil in the first quarter of 2026 despite higher volumes offered by producers...
Experts Warn World Bank Fuel Import Advice Could Undermine Nigeria’s Energy Independence
Energy experts have strongly criticised recent recommendations by the World Bank urging Nigeria to deepen fuel importation and fully liberalise its downstream petroleum...
Tinubu Announces Settlement with Eni Over OPL 245 Dispute After 15 Years
President Bola Tinubu has announced the successful conclusion of a long standing settlement agreement between the Federal Government of Nigeria and Eni alongside...
FG Implements Executive Order 09 to Safeguard Oil and Gas Revenues
The Federal Government of Nigeria has commenced the implementation of the Oil and Gas Revenues Executive Order 09, according to the Minister of...
Olisa Agbakoba Hails Executive Order 10 as Landmark Fiscal Reform for Nigeria
Former Nigerian Bar Association President, Olisa Agbakoba, has praised Executive Order 10 as the most significant fiscal reform in decades, describing it as...
NUPRC and NEITI Strengthen Commitment to Transparency in 2025 Oil Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have reaffirmed their commitment to promoting transparency and...
Africa Must Shift Global Energy Dialogue to Inclusive Energy Mix – Minister Lokpobiri
Minister of State for Petroleum Resources, Heineken Lokpobiri, has called on African countries to advocate for a global energy conversation that prioritises a...
Nigeria’s Electricity Generation Stagnates at 5000MW as NMDPRA Calls for Improved Gas Supply
The Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA has raised concerns over the slow progress of the country’s electricity generation over the...
Nigeria Approves 28 New Oil Field Development Plans Worth 18.2 Billion Dollars in 2025
Nigeria approved 28 new Field Development Plans valued at 18.2 billion dollars in 2025, with an estimated reserve potential of 1.4 billion barrels,...
FG Warns Investors to Bear Risks in 2025 Oil Licensing Round
The Federal Government has cautioned prospective investors in Nigeria’s 2025 oil licensing round that all risks, errors, and miscalculations arising from the bidding...
