Oil & Energy
NUPRC Tasks Oil Firms On Prompt Payment Of Royalties
One of the two new regulators in the nation’s oil and gas industry, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged oil and gas companies operating in the country to pay their royalties as at when due.
The commission’s Chief Executive, Mr Gbenga Komolafe, made the call while addressing a group of indigenous producers last Friday.
He stressed the need to optimise oil and gas production and enhance government revenue.
He described as critical the stakeholders’ engagement session between the commission and the Indigenous Petroleum Producers Association, led by its Chairman, Mr Abdulrazaq Isa.
According to him, “We will regulate with best practices and transparency; we will be very efficient in service delivery; there will be no bureaucracies. And all these we will do with your cooperation.
“So, in the same manner, we enjoin you to reciprocate all that by being very compliant with the provisions of the Act; pay your royalties as and when due. On our part, we will ensure a very good partnership between us”.
Komolafe said there was a need for the indigenous producers to come up with ideas and collaborate with the regulator to attract financing amid the push for global energy transition.
“We are all aware that the industry is facing a critical challenge of energy transition. We will not because of energy transition abandon our hydrocarbons. So, we really need to think out of the box and I want us to see how we can actually get international financing groups to commit to financing critical projects in our upstream sector”, he said.
He said with adequate financing, the indigenous producers would be able to leverage the divestment of onshore assets by the international oil companies operating in the country.
The IPPG chairman said the new wave of divestment of IOC divestment offered opportunities for greater participation of indigenous exploration and production companies.
He said producers were struggling with incidence of crude theft, which he said was becoming unsustainable, adding that security costs had also escalated significantly.
He stressed the need for an enhanced security for strategic installations and assets in the Niger Delta.
“Access to funding is critical to the survival and optimal performance of assets in the industry. As funding opportunities become limited due to global industry concerns regarding the climate, it is imperative to explore creative ways of funding operations/projects”, he added.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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