Nigeria is inviting global investors to join in unlocking the country’s vast potential and shaping the future of energy in Africa and beyond. At the 2025 Africa Energies Summit, which just ended in London, United Kingdom, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, said that the process is being handled by his agency. …

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has emphasised the need for a paradigm shift to position Nigeria as a leader in energy security and economic growth. At the Renewed Hope Global Town Hall Conference in Abuja, on Saturday, he highlighted reforms and achievements in Nigeria’s oil and gas sector. On Nigeria’s oil …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it would henceforth deny export permits for crude oil cargoes intended for domestic refining, if oil companies do not fulfill their domestic crude obligations. The commission insists that any changes to cargoes designated for domestic refining must receive express approval from its Chief Executive. In a 2 February 2025 letter …

The African Petroleum Regulators Forum (AFRIPERF) has called for collaboration and innovation in the 2025 operational year for it to achieve its stated objectives. In his New Year message to members over the weekend, the forum’s interim chairman, Engr. Gbenga Komolafe said that this moment in the life of the group serves as an opportunity for reflection, renewal and a …

Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has been nominated for the ThisDay 2025 Awards in the category of CEO of the Year (Public Sector). This awards ceremony is organised by ThisDay Newspapers to commemorate its 30th anniversary. Komolafe has received similar prestigious awards. He was named the Vanguard Newspapers’ Personality of the Year …

As Nigeria embarks on its 2024 Licensing Round, a combination of robust natural resources, competitive regulatory framework and strategic incentives has created a favourable environment for investors wishing to take part in the country’s oil and gas sector. This was contained in a statement on Saturday by the Head of Public Affairs and Corporate Communication of the Nigerian Upstream Petroleum …

‘There is hunger in the land’ has become a common refrain in the Nigerian landscape owing to the fallouts of the harsh economic situation in the country. Although this is a reality on the ground, the narrative is amplified monstrously by mongers who rather than face the contributory factors choose to run on blame lanes, pointing accusing fingers at perceived …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted social media speculations suggesting that certain international oil companies (IOCs) have completed the sale of their assets to some indigenous companies, noting that the assets cannot be deemed sold yet. In a public notice on Friday, the commission’s Chief Executive Officer, Mr. Gbenga Komolafe clarified that oil and gas assets in …

In a bid to arrest the daunting challenge of oil theft in Nigeria’s petroleum sector, which has plagued the nation’s oil and gas industry, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe has sought an enhanced collaboration with the Police. Komolafe emphasised the urgent need for a united front against the escalating challenges posed by …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rolled out its action plan for 2024 and near term 2024 to 2026, highlighting in broad terms the regulatory approach and actions to be implemented in furtherance of its mandate as the apex regulatory agency established to supervise upstream petroleum operations in Nigeria. In a statement on New Year’s eve, the commission …