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
Nigeria has cleared six oil traders to ship 830,000 metric tonnes of petrol into the country for the final quarter of the year. The Nigerian Midstream and Downstream Petroleum Regulatory Authority issued the permits on 18 September, allocating cargo rights to Matrix Energy, A.A. Rano, AYM Shafa, NIPCO, Pinnacle Oil, and Bono Energy. The approved…
The House of Representatives Committee on Public Accounts has reopened one of the most familiar battlegrounds in Nigerian public finance, summoning the Nigerian National Petroleum Company Limited (NNPCL) and 146 downstream petroleum marketing firms to account for ₦432.07 billion in unpaid regulatory obligations. The disputed liabilities, tracked in successive annual reports by the Auditor-General for…
 The Nigerian Upstream Petroleum Regulatory Commission announced on Tuesday that the country plans to supply 70 per cent of Africa’s gas demand by lifting domestic production. Commission Chief Executive Gbenga Komolafe outlined the target in Abuja as part of a wider strategy to exploit the continent’s shift toward cleaner transition fuels. Nigeria sits on…
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 can no longer rely on underground crude reserves alone to lure foreign energy capital, according to the Petroleum and Natural Gas Senior Staff Association of Nigeria. The senior energy union delivered the frank assessment in a communiqué following its annual energy summit in Abuja. Union chiefs warned that global oil majors now weigh regulatory…
Nigeria’s domestic gas market posted a roughly 30 per cent rise in sales between January 2022 and January 2025, a gain attributed to reforms under the Petroleum Industry Act 2021 and a series of executive orders signed by President Bola Tinubu, according to a legal analysis by Lagos-based law firm Tope Adebayo LP. The…
The Nigerian National Petroleum Company Limited has urged the Federal High Court in Lagos to dismiss the Dangote Petroleum Refinery’s bid to halt fuel importation, warning that the refinery’s products are sold at “significantly high and fluctuating market prices” and that granting its requests could hand it monopoly control of Nigeria’s downstream petroleum sector….
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced an upward adjustment in the Domestic Base Price of natural gas, setting the new rate at $2.18 per Million British Thermal Units effective April 1, 2026. The new pricing structure represents a five-cent increase from the 2025 rate of $2.13 per MMBtu applicable…
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….
The Federal Government has suspended the issuance of petrol import licences for a second consecutive month, signalling a hard pivot toward domestic self-sufficiency. This move, enforced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marks the first significant application of the Petroleum Industry Act (PIA) provisions that restrict imports unless local supply fails…