Host Community Trust Fund Grows to ₦373bn — NUPRC
Abuja (Nigeria): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the Host Community Development Trust (HCDT) has risen to N373 billion as of Oct. 13, 2025. This is…
Abuja (Nigeria): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the Host Community Development Trust (HCDT) has risen to N373 billion as of Oct. 13, 2025. This is…
Lagos, Nigeria: In a bold reform move, Nigeria’s Federal Government has cut oil block signature bonuses from $100 million to $10 million, aiming to reignite upstream investment and boost production.…
Lagos, Nigeria: In a breakthrough for Nigeria’s oil sector, crude oil theft has dropped to its lowest level since 2009, prompting widespread praise for the Federal Government’s strategic interventions. The…
In a landmark stride toward revitalising Nigeria’s energy sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the approval of 28 new Field Development Plans (FDPs), unlocking a staggering…
Abuja (Nigeria): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s upstream oil sector is experiencing a significant turnaround. It said Crude oil losses from theft and metering issues…
Abuja: The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the nation is on course to reach a crude oil production goal of 2.5 million barrels per day by…
Abuja: President Bola Tinubu has ordered a review of deductions and revenue retention practices by major federal revenue-generating agencies in the country. Minister of Finance, Wale Edun, announced the directive…