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Nigeria’s 2025 Licensing Round drew 143 companies that submitted about 200 bids for 37 of the 50 available oil and gas blocksThe 37 winning blocks span the Niger Delta, deep offshore, and frontier basins, including the Chad Basin and Benue TroughNUPRC chief Oritsemeyiwa Eyesan warned winners to pay signature bonuses quickly or risk losing their blocks under a ‘drill or drop’ policy

Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.

Thirty-one companies have secured rights to 37 oil and gas blocks following the conclusion of Nigeria’s 2025 Licensing Round commercial bid conference, held on Tuesday, July 21, 2026, at the Transcorp Event Centre in Abuja.

The exercise attracted 143 companies that collectively submitted around 200 bids across the 37 blocks that received offers, out of the 50 blocks the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) had made available. The remaining 13 blocks drew no