The NNPC profit after tax 2025 has climbed by 33 percent to ₦7.2 trillion, even though the company’s revenue fell during the year as crude oil prices declined and petroleum product volumes dropped. The Nigerian National Petroleum Company Limited announced the audited results on Tuesday, September 29, showing a sharp rise from the ₦5.4 trillion…
Nigeria is targeting September 24, 2028, to end regulated pricing in the domestic gas market, moving toward a willing buyer, willing seller gas market where prices are increasingly determined through commercial agreements. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced the target on September 24, 2026, at a Gas Market Maturity Workshop in…
The Federal Government is pushing ahead with plans to expand Nigeria’s oil reserves and crude production while the Central Bank of Nigeria (CBN) maintains a cautious monetary policy stance to keep inflation under control. At the ongoing Nigeria 2025 Licensing Round in Abuja, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) concluded the commercial bidding process…
