The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Federal Government has opened bidding for 40 oil blocks across land, shallow water and deepwater terrains, with new rules requiring investors to disclose their beneficial owners. The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has commenced the 2026 oil licensing round, offering 40 blocks to investors. The NUPRC Chief Executive Officer,…
Nigeria’s Ima gas field, discovered in 1973 but left untouched for more than five decades, has finally secured a Final Investment Decision, with AMNI International and TotalEnergies committing $800 million to bring it into production. The two partners announced the decision on Tuesday, 23 September 2026, clearing the way for one of the country’s…
The latest monthly oil market report from the Organisation of the Petroleum Exporting Countries (OPEC) registers a modest drop in Nigerian crude production: a loss of 5,000 barrels per day, sliding the country down to 1.50 million barrels per day. It marks the second straight month of declines, a quiet admission that the…
Nigeria produced 1,677,777 barrels of crude oil and condensate a day in August 2026, keeping the country within its assigned OPEC ceiling for a fourth straight month even as output remained well short of the level the Federal Government needs to fund its own budget. The figure, released on Sunday by the Nigerian Upstream…
Nigeria Stakes $50bn Offshore Bet On New Deep Water Tax Order Nigeria is pinning fresh hopes on its deep offshore fields to lift crude output and shore up strained public finances, after President Bola Tinubu approved a tax incentive that the upstream regulator says could draw as much as $50 billion in investment and add…
An indefinite nationwide strike by upstream petroleum workers has brought Nigeria’s oil and gas regulatory architecture to a halt. Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria locked the gates of the Nigerian Upstream Petroleum Regulatory Commission. The industrial action completely froze administrative and regulatory functions at the Abuja headquarters and…
Nigeria has ended the era of “paper oil” by enforcing strict relinquishment rules for exploration licences. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that operators must now develop assets or lose them. This “drill-or-drop” provision, enshrined in Section 94 of the Petroleum Industry Act, targets companies that previously held blocks for decades without investment….