On Friday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that the country’s crude oil reserves stood at 37.28 billion barrels as of 1 January 2025, with an estimated lifespan of 64 years. In a statement in Abuja, the Commission Chief Executive, Engr. Gbenga Komolafe, also revealed that Nigeria’s gas reserves have reached 210.54 trillion cubic feet (TCF) as of …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday, said the nation’s oil and gas reserves has risen to 37.50 billion barrels as at January 2024, as against 37.046 billion it announced in May 2022. During a press conference in Abuja, Chief Executive of the Commission, Engr Gbenga Komolafe announced the creation of strong policies aimed at improving and optimising …