The Federal Government, on Tuesday, said about $5bn worth of investments are expected in Nigeria from oil and gas companies this year.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has kept the nation’s two months’ crude oil production reports secret.
Reasons for the clandestine action was not immediately clear at the time of filing this report.
The latest report the commission published was that of last November. It was published on December 13, last year.
No fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country, latest data from the Nigerian National Petroleum Company Limited showed.
This was made known on Monday via the commission’s X platform, explaining that the decision was made to improve dependability and sustainability to meet the country’s fuel supply and energy security requirements.