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Business

NUPRC Announces 2025 Oil Licensing Bid Round 

The Nigerian Upstream Petroleum Regulatory Commission has announced plans to launch another oil licensing bid round in 2025. This decision was made public...

Business

FG Withdraws Five Oil Blocks from 2024 Bid Round Over Legal Disputes

  The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn five oil blocks from the 2024 licensing round due to legal disputes. The...

Business

FG Blocks Shell’s $1.3bn Sale of Oil Assets to Renaissance Group

The Federal Government of Nigeria has officially rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to the Renaissance Group, according to...

News

FG Grants 42 Gas Flare Commercialisation Licences

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has granted 42 firms gas flaring licenses in the 2022 Nigerian Gas Flare Commercialisation Programme auction...

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