{"id":82615,"date":"2026-02-10T11:51:52","date_gmt":"2026-02-10T11:51:52","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=82615"},"modified":"2026-02-10T11:51:52","modified_gmt":"2026-02-10T11:51:52","slug":"nuprc-nnpc-team-up-to-cut-costs-boost-investor-confidence-in-oil-sector","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2026\/02\/10\/nuprc-nnpc-team-up-to-cut-costs-boost-investor-confidence-in-oil-sector\/","title":{"rendered":"NUPRC, NNPC Team Up to Cut Costs, Boost Investor Confidence in Oil Sector"},"content":{"rendered":"<p><strong>By Omoniyi David<\/strong><\/p>\n<p>Nigeria\u2019s oil and gas industry may see improved efficiency as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Nigerian National Petroleum Company (NNPC), forge a strategic alliance to reduce operating costs, streamline regulation, and boost investor confidence.<\/p>\n<p>The move follows a high-level meeting at NUPRC headquarters in Abuja, signaling a shift from parallel operations to closer collaboration.<\/p>\n<p>Experts say the alliance could eliminate long-standing bottlenecks that have slowed growth in the upstream sector.<\/p>\n<p>NUPRC Chief Executive Mrs. Oritsemeyiwa Eyesan said both institutions share a mandate under the Petroleum Industry Act (PIA), and must coordinate to improve efficiency.<\/p>\n<p>\u201cAs major instruments of government in the industry, we are aligned toward the same goal,\u201d she said.<\/p>\n<p>Immediate steps include working with the Oil Producers Trade Section (OPTS), to harmonise multiple fees and levies, easing financial and regulatory burdens to attract more investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Omoniyi David Nigeria\u2019s oil and gas industry may see improved efficiency as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Nigerian National Petroleum Company (NNPC), forge a strategic alliance to reduce operating costs, streamline regulation, and boost investor confidence. The move follows a high-level meeting at NUPRC headquarters in Abuja, signaling a shift from [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":82616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-82615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/82615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=82615"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/82615\/revisions"}],"predecessor-version":[{"id":82617,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/82615\/revisions\/82617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/82616"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=82615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=82615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=82615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}