By Tajudeen Suleiman On July 21, 2026, Nigeria’s upstream petroleum regulator, the Nigerian National Upstream Petroleum Regulatory Commission (NUPRC), unveiled the 31 companies that emerged as winners of 37 oil and gas blocks after what observers described as a rigorous evaluation process ultimately determined through a computer-based bid evaluation system designed to eliminate human interference….
Bola Tinubu has approved the creation of a Presidential Petroleum Reform and Value Optimisation Task Force to advance the next phase of structural reforms in Nigeria’s oil and gas sector. In a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, the Presidency said the high-level task force will develop practical reform strategies aimed at strengthening…
The Trade Union Congress (TUC) has issued a strong warning to the Federal Government over its planned 5% tax on petroleum products, calling it “economic wickedness” against already struggling Nigerians. In a statement signed by President General Festus Osifo and Secretary General N.A. Toro, the union rejected the proposed levy, saying: “Workers and citizens are…
