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Downstream SectorOct 12, 2026

NUPRC Gives Oil Firms October 31 Deadline to Avoid Licence Revocation

Precious Innocent

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given operators holding undeveloped oil and gas assets until October 31 to demonstrate compliance with their licence obligations, warning that failure to respond could trigger regulatory action, including licence revocation.

NUPRC Gives Oil Firms October 31 Deadline to Avoid Licence Revocation

Latest News

Oil Prices Rise 2% as Saudi Attacks, Tanker Strikes Renew Strait of Hormuz Fears
International Oil Market

Oil Prices Rise 2% as Saudi Attacks, Tanker Strikes Renew Strait of Hormuz Fears

Global oil prices climbed by about 2 per cent on Monday as fresh attacks on Saudi Arabia and strikes on tankers near the Strait of Hormuz heightened concerns over crude supply disruptions, overshadowing plans to increase Russian diesel exports and a reported energy truce between Moscow and Kyiv

10/12/2026

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