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Nigeria’s oil, gas reserves hit 37bn barrels, 215 TCF — NUPRC

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s total oil and condensate reserves stood at 37.01 billion barrels as of 1 January 2026, while gas reserves rose to 215.19 trillion cubic feet (TCF).

The figures were disclosed in a statement issued on Wednesday and signed by the commission’s Chief Executive, Oritsemeyiwa Eyesan.

According to the declaration, made in line with the Petroleum Industry Act (PIA) 2021, crude oil reserves were estimated at 31.09 billion barrels, while condensate reserves stood at 5.92 billion barrels.

For gas, associated gas reserves were put at 100.21 TCF, while non-associated gas reserves stood at 114.98 TCF.

The commission also placed the reserves life index at 59 years for oil and 85 years for gas, indicating how long the resources could last at current production levels.

Mrs Eyesan said oil and condensate reserves recorded a marginal decline of 0.74 per cent compared to the previous year, attributing the drop to 2025 production and updates based on field performance and subsurface technical evaluations.

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In contrast, gas reserves increased by 2.21 per cent, largely driven by discoveries and improved reservoir studies.

She said the latest figures reflect the commission’s efforts to enhance upstream sector performance, boost reserves growth, and ensure stable production in line with its mandate.

“Consequently… I hereby declare the Total Oil and Condensate reserves of 37.01 billion barrels and Total Gas reserves of 215.19 trillion cubic feet as the official National Petroleum Reserves Position as of 1st January 2026,” Mrs Eyesan said.

She added that the declaration was made pursuant to provisions of the PIA, which empower the commission to monitor and manage Nigeria’s petroleum resources.

The update comes amid ongoing reforms in the oil and gas sector aimed at improving efficiency, transparency, and long-term sustainability.

READ ALSO: Senate clears Magnus Abe as NUPRC board chair, confirms two others

In recent months, the federal government has intensified efforts to attract both local and foreign investment to boost revenue and support economic growth.

Last month, President Bola Tinubu approved a targeted fiscal incentive package to unlock the long-awaited Final Investment Decision (FID) for the Bonga Southwest Aparo (BSWA) deepwater project.

The approval followed a visit by top executives of Shell Plc to the president in Abuja and comes amid rising global oil prices driven by supply disruptions linked to ongoing geopolitical tensions.

During the January visit, Shell signalled a renewed investment push in Nigeria, citing improved political stability, policy consistency, and leadership as key factors.

At the time, Shell’s Chief Executive Officer, Wael Sawan, said: “We are very keen to invest in Nigeria, but I would say this has not always been the case.”

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JAMB Publishes Results of first batch of 632,788 UTME candidates; three individuals detained

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The Joint Admissions and Matriculation Board (JAMB) has made public the scores of 632,788 applicants who participated in the 2026 Unified Tertiary Matriculation Examination (UTME) held on Thursday, April 16, 2026.

According to a statement from the Board’s Public Communication Adviser, Dr. Fabian Benjamin, the results are now accessible for candidates to check. However, the option to print result slips has not yet been activated.

The statement further revealed that two examinees along with a parent are presently being held in connection with alleged manipulation of results using artificial intelligence tools and other electronic devices.

JAMB cautioned that anyone found guilty of such misconduct would face appropriate legal sanctions.

It also assured the public that the examination process is still ongoing and that additional results will be released progressively.

To access their scores, candidates are instructed to send “UTMERESULT” via SMS to 55019 or 66019 using the phone number used during registration.

The post JAMB Publishes Results of first batch of 632,788 UTME candidates; three individuals detained appeared first on Business Today NG.

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NCC Seeks Stronger Security Collaboration to Tackle Telecom Sector Threats

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BY NKECHI NAECHE-ESEZOBOR —-The Nigerian Communications Commission (NCC) has called for stronger collaboration with the nation’s security institutions to combat criminal activities threatening the telecommunications sector.

The appeal was made by the Executive Vice Chairman of the Commission, Professor Umar Garba Danbatta, as part of efforts to safeguard critical telecom infrastructure and sustain industry growth.

He disclosed this at the North Central Zonal Sensitization Workshop for security agencies held in Keffi, Nasarawa State.

He said the collaboration and partnership is important to enable the Commission to “move steadily in harnessing fully, the potential of telecommunications and to sustain the exponential growth in the sector in view of the central role telecommunication plays in the social and economic development of the nation”

The EVC seized the opportunity of the forum to thank the Office of the National Security Adviser; the Nigeria Police Force; the Department of State Services; the Nigerian Security and Civil Defence Corps; the Nigeria Customs Service; the Federal Road Safety Commission and other agencies involved in security governance for the support they have offered the NCC in its effort to contain telecom crimes.

The Workshop, which was attended by personnel from all these agencies, featured paper presentations covering the gamut of challenges of enforcement processes including the role of ICT in Effective Policing; Challenges of Prosecuting Telecom Offences; Overview of NCC Enforcement Regulations; and Overview of NCC Enforcement Powers under the Nigerian Communications Act (NCA) 2003.

Resource persons at the Workshop include Dr. Solomon Arase, former Inspector General of Police; and Paul Usoro, SAN; as well as the representation from the Commission which includes Efosa Idehen, Head Compliance Monitoring and Enforcement who represented the EVC; Dr. Henry Nkemadu, Deputy Director Research & Development; Helen Obi, Head Zonal Operations; Salisu Abdu, Head Enforcement; GT Mohammed, Assistant Director Legal and Regulatory Services; and Al-Kassim Umar, Head Compliance Monitoring.

It was a highly participatory workshop marked by lively, robust and seminal discussion the Commission will find quite useful in its strategic plan to re-engineer its operations for improved regulatory efficiency, robust stakeholder engagement and better quality of consumer experience.

The post NCC Seeks Stronger Security Collaboration to Tackle Telecom Sector Threats appeared first on Business Today NG.

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