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FG opens bid for 40 oil blocks, mandates beneficial owners’ disclosure

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FG opens bid for 40 oil blocks, mandates beneficial owners’ disclosure

07 Oct, 2026

 

The federal government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of bidding for the 2026 oil licensing round. The Commission’s Chief Executive Officer, Oritsemeyiwa Eyesan, who announced the licensing round during her closing remarks at the fifth anniversary celebration of the NUPRC yesterday, said 40 blocks across land, shallow water and deepwater terrains are up for grabs to investors...............................READ MORE