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President Tinubu has approved the commencement of Nigeria’s 2026 oil and gas licensing round, scheduled for the third quarter of 2026The NUPRC said preparations for the ongoing 2025 licensing round are at an advanced stage, with commercial bidding scheduled for JulyThe commission said increasing investor participation reflects growing confidence in Nigeria’s upstream petroleum sector
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has obtained approval from President Bola Tinubu to begin preparations for the country’s 2026 oil and gas licensing round ahead of schedule.
According to the commission, the exercise is expected to be launched no later than the third quarter of 2026, in line with regulatory requirements governing upstream petroleum asset allocation.
Tinubu Approves 2026 Oil Block Licensing Round as NUPRC Targets Fresh Investment BoomSource: UGC
The announcement was made in a statement issued on Wednesday, June
