The Nigerian Upstream Petroleum Regulatory Commission has secured presidential approval to commence its 2026 licensing round before the end of the year.
The commission said the exercise, expected to commence by the third quarter of 2026, had received the backing of President Bola Tinubu, who is also the Minister of Petroleum Resources, in line with regulatory provisions guiding upstream licensing activities.
A statement by the NUPRC Head of Media and Corporate Communications, Eniola Akinkuotu, disclosed this on Wednesday.
According to the statement, the Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, speaking during a visit by Meren Energy (formerly Africa Oil) to the NUPRC headquarters in Abuja on Wednesday, said preparations for the 2025 licensing round were already in advanced stages, noting that the commercial bid would hold in July before the next cycle begins.
She added that growing investor participation in the ongoing 2025 round reflected renewed confidence in Nigeria’s upstream
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