FG Opens Bid For 40 Oil Blocks

FG Opens Bid For 40 Oil Blocks

The Federal Government has opened bidding for 40 oil blocks across land, shallow water and deepwater terrains, with new rules requiring investors to disclose their beneficial owners. The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has commenced the 2026 oil licensing round, offering 40 blocks to investors. The NUPRC Chief Executive Officer,…

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