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Tag: NUPRC

Oil and Gas

NUPRC unveils 60-day plan to fully digitise operations

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has unveiled a 60-day initiative to fully digitise the commission’s internal communications and operational workflows, aiming to boost transparency, efficiency, and regulatory speed. Eyesan made this disclosure on Monday during a working visit by the Executive Secretary of the Nigeria Extractive Industries Transparency […]

Oil and Gas

Over 180TCF of African Gas remains untapped – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that more than 180 trillion cubic feet of discovered natural gas across Africa remains untapped, primarily due to fragmented markets and inconsistent fiscal and regulatory frameworks. This was disclosed in a statement by the CEO of the NUPRC, Oritsemeyiwa Eyesan, during her keynote address at the Nigerian […]

Oil and Gas

NUPRC promises transparent 2025 oil licensing bid round

The Nigerian Upstream Petroleum Regulatory Commission has assured that the 2025 licensing bid round will be guided by transparency, as only applicants with financial and technical know-how will qualify for the critical stage of the bid process. The Chief Executive of the NUPRC, Mrs. Oritsemeyiwa Eyesan, gave the clarification at the 2025 licensing round pre-bid […]

featured Oil and Gas

NUPRC opens 50 oil blocks for 2025 bidding round

The Nigerian Upstream Petroleum Regulatory Commission has launched the 2025 licensing round by opening 50 oil and gas blocks across five sedimentary basins for bidding and exploration. The commission has warned that only technically competent and financially strong firms will be permitted to advance in the process. The exercise aims to eliminate speculative participation and […]

featured Oil and Gas

Nigeria earned ₦55.5tn from crude oil sales in 2025 — NUPRC

Nigeria earned an average of N55.5tn from crude oil sales in 2025, according to an analysis of official production figures from the Nigerian Upstream Petroleum Regulatory Commission and crude price data from the Central Bank of Nigeria. This 2025 figure represents an increase compared to the N50.88tn earned in 2024. NUPRC data show that Nigeria […]

Business

Only qualified bidders will advance in 2025 licensing round – NUPRC

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has said that only bidders with strong technical and financial capacity, proven professionalism, and credible development plans will qualify in the 2025 petroleum licensing round. Eyesan made this disclosure on Wednesday at the 2025 licensing round pre-bid webinar. “So as we move […]

Oil and Gas

NUPRC, NMDPRA strengthen regulatory collaboration to boost investments

The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have taken significant steps towards strengthening regulatory efficiency and attracting fresh investments into Nigeria’s oil and gas industry. The development followed a high-level meeting held at the corporate headquarters of the NUPRC in Abuja, which was attended by the Commission […]

Business

NUPRC, NMDPRA partner to attract investment, streamline regulations

The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have stepped up efforts to improve regulatory efficiency and attract investment into Nigeria’s oil and gas industry, marking a renewed phase of collaboration between the two bodies. In a statement signed by the Head of Media and Strategic Communication at […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
featured Oil and Gas

Tinubu nominates Magnus Abe as NUPRC board chairman

President Bola Tinubu has nominated former Rivers South-East Senator Magnus Abe as chairman of the Nigerian Upstream Petroleum Regulatory Commission and forwarded his name alongside 20 other nominees to the Senate for confirmation to serve on the boards of the country’s two major petroleum regulatory agencies. In separate letters transmitted to the Senate on Monday, […]

Business

Eyesan assumes office as NUPRC Chief, vows upstream sector growth 

The newly appointed Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Mrs Oritsemeyiwa Eyesan, has assumed office, pledging to advance the growth of Nigeria’s upstream oil and gas sector in line with the Petroleum Industry Act 2021. In a statement by the Head of Media and Strategic Communications, Eniola Akinkuotu, Eyesan outlined her […]

featured

NMDPRA, NUPRC chiefs step down

The chief executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission, Engineers Farouk Ahmed and Gbenga Komolafe, have stepped down from their positions. The development was confirmed in a statement issued on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy. Following the […]

featured

$185m, N14.9bn frontier exploration fund released to NNPCL – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that more than $185 million (approximately N268.4 billion) and N14.9 billion have already been released to the Nigerian National Petroleum Company Limited from the Frontier Exploration Fund. The Commission’s Head of Media and Strategic Communication, Eniola Akinkuotu, made this disclosure in a statement on Monday, responding to recent reports […]

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