Eyesan Rolls Out Ambitious Reform Agenda for Nigeria’s Upstream Oil Sector The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has unveiled a comprehensive reform agenda aimed at improving efficiency, deepening collaboration, and unlocking higher production across Nigeria’s upstream oil and gas sector. Eyesan said the new direction for…
Nigeria Records Historic ₦6 Trillion FAAC Disbursement in Q3 2025 as NEITI Warns of Fiscal Risks Nigeria has recorded its highest-ever Federation Account Allocation Committee (FAAC) disbursement, with total allocations hitting ₦6.0 trillion in the third quarter of 2025, according to a new report released by the Nigerian Extractive Industries Transparency Initiative (NEITI). The figure,…
Wola Joseph-Condotti Appointed Eko Disco CEO as Rekhia Momoh Resigns Eko Electricity Distribution Company has announced the appointment of Wola Joseph-Condotti as its new Chief Executive Officer, following the resignation of Rekhia Momoh after nearly two years at the helm of the company. Before her appointment, Joseph-Condotti served as Group Managing Director and Chief Executive…
Russia Asserts Ownership of Oil Assets Under Development in Venezuela Russia has declared full ownership of all oil assets currently being developed in Venezuela by a Russian state-owned company, countering recent claims by U.S. President Donald Trump that American and Western oil firms would play a major role in reviving Venezuela’s oil industry. The claim…
Oil and Gas Set to Drive 500 Percent Surge in Data Center Power Demand Hydrocarbons are expected to supply nearly three-quarters of the massive increase in electricity demand projected from data centers, as artificial intelligence adoption and global economic growth continue to accelerate energy consumption worldwide. According to Sultan Al Jaber, Chief Executive of the…
Oil Spills From Oando Facility Hit Rivers Community as Pipeline Continues to Ooze Crude Fresh oil spills from an Oando-operated pipeline have impacted Akinima community in Ahoada West Local Government Area of Rivers State, reigniting environmental concerns in the Niger Delta and prompting renewed calls for urgent regulatory intervention. The incident, which reportedly occurred on…
NUPRC, NRS Forge Stronger Partnership to Boost Oil and Gas Revenue Collection The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have announced a strengthened partnership aimed at improving revenue collection for the Federation. According to a statement by Eniola Akinkuotu, Head, Media and Strategic Communication, the development followed a meeting…
DisCos Rake in N210.9bn Revenue in October Despite Drop in Billing Efficiency Nigeria’s electricity distribution companies (DisCos) recorded a total revenue collection of N210.92 billion in October 2025, reflecting an improvement from the previous month, even as overall billing efficiency declined, according to data from the Nigerian Electricity Regulatory Commission (NERC). NERC’s latest Commercial…
Traders Pitch Venezuelan Crude to India and China as Export Flows Poised to Restart Global commodities traders Vitol and Trafigura have initiated discussions with major refiners in India and China about selling Venezuelan crude oil, with potential deliveries slated for March, according to multiple industry sources. The move comes as both firms firm up logistics…
Expect Transformation at The Gambia Petroleum Commission as Cany Jobe states priorities Cany Job Cany Jobe, the new Director General of The Gambia Petroleum Commission, has disclosed her priorities, saying she would strengthen regulatory systems, build institutional capacity, reinforce transparency and ensure that the sector is managed responsibly. Jobe, a former Director, Exploration and Production…