Oil & Gas

NNPC Reduces Exploration Spending 88% as Direct Well Costs Rise 66%

NNPC Limited recorded no new expenditure on mineral rights in 2025, as additions to exploration and evaluation assets fell by 87.7 per cent to N78.8 billion.

By Clement Abayomi3 min read21st October, 2026

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NNPC Reduces Exploration Spending 88% as Direct Well Costs Rise 66%

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