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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US Iran 14 Point Deal Outlines Hormuz Reopening

  The United States has released the full text of a 14-point memorandum of understanding with Iran aimed at ending hostilities, reopening the Strait of Hormuz and establishing a framework for sanctions relief tied to compliance on nuclear issues. The document, known as the Islamabad Memorandum of Understanding, was made public after calls for transparency…

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