A new investigative report by People’s Gazette has made a troubling allegation against the Office of the Chief of Staff to the President. According to the report, an internal memo was used to justify setting aside about ₦54 billion from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), relying on a …
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THE Federal Government and crude oil producers in Nigeria have committed to working toward a sustainable supply of crude oil to local refineries under a market-determined pricing system. The aim is to ensure that while the operators do business optimally, the refineries are not starved of feedstock. Accordingly, the industry …
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THE Nigerian government says the country is expected to attract $17.64 billion from 51 approved field development plans between 2022 and 2023. The Chief Executive Officer of Nigeria Upstream Petroleum Regulatory Commission, NUPRC, Gbenga Komolafe, disclosed this at the 7th Nigeria International Energy Summit in Abuja on Thursday. According to …
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