#nuprc

The Chief Executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, have resigned from their positions. Following their resignations, President Bola Ahmed Tinubu has written to the Senate, requesting approval for the nominations of new heads for both…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed claims that it is withholding the Frontier Exploration Fund (FEF) from the Nigerian National Petroleum Company Limited (NNPCL). Head of Media and Strategic Communication, Eniola Akinkuotu, said a total of $185.1 million and N14.9 billion had already been approved. She clarified that the FEF is not held by the Commission…

·Nigeria, 7 others sign AFRIPERF charter Emmanuel Addeh in Abuja Nigeria and seven other African countries yesterday signed a charter to birth the African Petroleum Regulators Forum (AFRIPERF), a demonstration of the country’s leadership in Africa’s oil and gas sector. The charter seeks to enhance cooperation and collaboration among African petroleum regulators, to ensure a safe, efficient,…

…Payment Deadline Set for August 2025 The House of Representatives Committee on Public Accounts has successfully secured a commitment from seven leading oil and gas companies in Nigeria to remit a total sum of $37,435,094.52 (approximately ₦58 billion) to the Federation Account before August 2025. This resolution follows an in-depth financial audit by the Nigerian Upstream Petroleum Regulatory…

Three oil companies, Chorus Energy, Dubri Oil Company Limited, and Belema Oil, have publicly acknowledged owing the Nigerian federal government a combined sum of $5,543,491.45. This admission occurred during an ongoing investigation by the Public Accounts Committee of the House of Representatives, which was initiated following a report by the Auditor General. The Nigerian Upstream Petroleum…