Nigeria: Nigeria’s oil reserves stand at 37.28bn barrels, gas hit 210.54 tcf – NUPRC — Africa Links 24

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, on Friday said that the nation’s crude oil reserves stood at 37.28 billion barrels (bb) as at Jan. 1, 2025.

The commission also said that Nigeria’s gas reserves hit 210.54 trillion Cubic Feet (tcf).

Gbenga Komolafe, Commission Chief Executive, NUPRC, who stated this said that oil and condensate reserves stood at 31.44bb and 5.84bb respectively, amounting to a total of 37.28 bb.

The figure is against the 37.50 bb of…