Distinguished industry leaders, Esteemed colleagues, and honored guests, 1.  Today, I stand before you with a profound sense of responsibility and purpose. The oil industry in Nigeria is not just the backbone of our economy; it is the heartbeat of our nation’s progress and the promise of our development and future prosperity. 2.  This is my first engagement with the industry since assu...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is proud to announce the 2025 licensing round pre-bid conference scheduled for 9am Wednesday, January 14, 2026 at the Grand Ballroom, Eko Hotels and Suites, Lagos. This announcement is sequel to a notice already published by the NUPRC in foreign and local newspapers in line with the Petroleum Industry Act. The focus area...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed reports that it is withholding the Frontier Exploration Fund (FEF) from the Nigerian National Petroleum Company (NNPCL). The Head of Media and Strategic Communication, Eniola Akinkuotu, said $185, 123, 333 had been approved along with N14.9 billion. The NUPRC explained that the Frontier Exploration Fund was...