—To grow reserve by 500m barrels By Obas Esiedesa, Abuja The Federal Government has said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per day of crude oil and condensate production over the next three years, as it prepares to launch another bid round in 2026 to accelerate investment in […]

Nigeria says regulatory reforms, stronger investment, and improved security can lift crude oil production to a record 3 million barrels per day by 2030.

Nigeria’s ambitious target to double oil production to record levels by 2030 remains on track, spurred by recent steps to accelerate investment

'We had 50 blocks on offer, but representations were received for only 37 of them. The remaining 13 blocks will be returned to the licensing basket'

—To grow reserve by 500m barrels By Obas Esiedesa, Abuja The Federal Government has said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per…

President Tinubu has approved Nigeria's 2026 oil licensing round, aiming to attract new investment and offer fresh opportunities in the upstream petroleum

• NUPRC targets 500m additional barrels to crude reserves