NNPC Profit Hits N5.4tn as Directors' Pay Soars 58%
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
Category : Search result: Nigerian Upstream Petroleum Regulatory Commission
NCC's Maiden Moses Ekpo Prize Goes to Late Journalist
The NCC posthumously honoured Evelyn Osagie with the first Moses Ekpo Prize for Innovative Copyright Reporting. The award celebrates her dedication to Nigeria's creative sector and fearless journalism. Read the full story.
NUPRC Leads 357 MDAs in ICPC Ethics Assessment
Nigeria's upstream oil regulator, NUPRC, ranked first in the ICPC's 2025 ethics evaluation. The top score signals strong governance reforms and boosts investor confidence in the sector. Read the full analysis.
Chappal Energies gets $430m financing for oil assets
Chappal Energies secures a $430 million reserve-based lending package to refinance its acquisition of Equinor's Nigerian assets and fund development. This deal highlights investor confidence in well-structured African upstream projects despite tight capit
First Woman Appointed as NUPRC CEO, WIME Lauds Tinubu
Women in Maritime & Energy (WIME) commends President Tinubu for appointing Mrs. Oritsemeyiwa Eyesan as the first female Chief Executive of Nigeria's upstream oil regulator. Read more on this milestone for gender inclusion.
NAHCON Aide Details 'Mercenary Journalism' Campaign
Ahmad Muazu, NAHCON's media aide, reveals a coordinated media attack using false narratives to pressure leadership. He urges the public to discern between genuine journalism and propaganda.
Ahmed defends $5M education spending, welcomes probe
Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige
Senators Celebrate Exit of Petroleum Regulators, Demand Change
Senators Adams Oshiomhole and David Jimkuta hailed the removal of Farouk Ahmed and Gbenga Komolafe, criticizing policies that hurt local refining. Read their demands for the new nominees.
Tinubu Nominates Oritsemeyiwa Eyesan as NUPRC CEO
President Bola Tinubu nominates Oritsemeyiwa Eyesan, an NNPC veteran with 33 years of experience, as the new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Discover her career journey and strategic impact on Nigeria's oi
Tinubu meets oil regulator chief after Dangote's allegations
President Tinubu held a private meeting with NMDPRA CEO Farouk Ahmed following explosive allegations by Aliko Dangote of corruption and economic sabotage in Nigeria's oil sector.
NMDPRA, NUPRC Chiefs Resign After Dangote's Allegations
President Tinubu seeks Senate confirmation for new oil sector chiefs after Farouk Ahmed and Gbenga Komolafe resign. The move follows Aliko Dangote's public allegations of multi-million dollar school fees payments. Read the full details.
Court dismisses suit challenging PIA host community provisions
A Federal High Court in Warri has dismissed a suit seeking to invalidate key Petroleum Industry Act provisions on host community liability. The court affirmed the Act's validity. Read the full details.
NMDPRA Chief Disowns Viral Statement on Corruption Allegations
NMDPRA boss Engr Farouk Ahmed denies authorising a viral defence against corruption claims. He opts for institutional probe over public brickbat as ICPC reviews Dangote's petition.
Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
NCC Unveils New Logo, Destroys N141.5m Pirated Books
The Nigerian Copyright Commission (NCC) has unveiled a new corporate logo and destroyed pirated books worth N141.5 million seized in Ogun and Oyo states. Read more on the fight against piracy.
Dangote Seeks ICPC Probe of NMDPRA MD Over $7M
Aliko Dangote petitions ICPC, alleging NMDPRA MD Farouk Ahmed misused public funds for children's Swiss tuition. Lawyers group condemns 'media trial'. Full story.
NCC Destroys N141.5m Pirated Books, Unveils New Logo
The Nigerian Copyright Commission has launched a new corporate identity and shredded seized pirated books valued at N141.5 million. The DG warns against intellectual property theft.
CSOs Defend NMDPRA Against Dangote's Allegations
A coalition of Civil Society Organisations has defended the NMDPRA against claims of undermining regulatory independence. They absolve CEO Farouk Ahmed of corruption, citing his adherence to the PIA. Read the full story.
NASS Steps into Dangote, NMDPRA Face-Off
The House of Representatives committee has summoned Aliko Dangote and NMDPRA leaders to halt public feuding and resolve sector tensions. Read the full details.
Reps Panel Pushes for Fuel Supply Sufficiency, Downstream Efficiency
The House Committee on Petroleum (Downstream) outlines a legislative push to strengthen local refining and stabilise Nigeria's fuel sector ahead of 2026. Read the full plan.
Malami tells EFCC Chairman to recuse himself from probe
Former AGF Abubakar Malami accuses EFCC chairman of bias, demands case transfer. He claims investigation is retaliation for his defection from APC to ADC. Read the full details.
House of Reps Intervenes in Dangote, NMDPRA Dispute
The House of Representatives has stepped in to mediate the escalating conflict between Dangote Refinery and the NMDPRA. Both parties have been summoned to present their cases. Read the full story.
Nigeria's Teledensity Reaches 81%, Data Use Hits 1.23m TB
Nigerian Communications Commission reports teledensity at 80.87% with massive data consumption despite tariff hikes. 4G dominates as government approves 4,000 new towers for rural areas. Read the full analysis.
PEBEC 2025 Report: Best and Worst Performing MDAs Revealed
PEBEC's 2025 report exposes a sharp divide in government agency performance. NCDMB leads, while ARCON scores a dismal 3%. Discover which MDAs are driving or hindering Nigeria's business environment.
Komolafe Elected Chairman of African Petroleum Regulators Forum
Gbenga Komolafe, NUPRC CEO, elected AFRIPERF chairman. Nigeria chosen as headquarters, marking a major step for Africa's energy governance and regulatory cooperation.
3-Hour Power Outage in Anambra This Sunday
FirstPower announces a planned 3-hour power outage in parts of Anambra on Sunday, Dec 7, for a critical transformer upgrade. Details on affected areas and the reason behind the service disruption.
NCS Seizes N181.6m Petroleum Products in Adamawa
Nigeria Customs Service intercepts smuggled fuel worth N181.6 million near Cameroon border in eight weeks. ACG Kolapo Oladeji warns smugglers face life imprisonment. NNPCL also announces another petrol price cut.
Senate Passes Bill for National Emergency Reporting System
Nigeria's Senate passes the NETS Bill 2025 for a unified emergency number. Major committee reshuffles also announced to bolster national security oversight. Read the full details.
Over 200 Players Line Up for Obaseki @ 80 Golf Tourney
More than 200 golfers will compete in the Dr. Jackson Gaius Obaseki @ 80 Golf Tournament in Benin City from December 3-6, 2025. A grand tribute to the former NNPC GMD.
SNB Warns Against NBC Move to Shut Campus Radio Stations
The Society of Nigerian Broadcasters warns that NBC's restrictions on campus radio stations threaten media training. Read why stakeholders demand government intervention.
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