NUPRC seeks finance, investment from Bank of America to increase oil production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has appealed to the Bank of America to increase funding support for Nigeria’s oil and gas sector. According to the agency, more financial investment is needed to grow crude oil production in the country. This appeal was made by the Commission’s Chief Executive, Gbenga Komolafe, during a courtesy […]
NNPC declares N905bn profit for June
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that it sent N6.96 trillion to the Federation Account between January and May 2025. This information was shared in NNPC’s Monthly Report Summary for June, released on Monday. Although the company’s profit for June dropped compared to the previous month, it still recorded N905 billion […]