Nuprc Launches 2025 Upstream Licensing Round with Dedicated Digital Bid Portal to Boost Investment

Date:

The Nigerian Upstream Petroleum Regulatory Commission has opened the 2025 Licensing Round with the introduction of a dedicated digital bid portal, marking a new phase in the country’s efforts to attract fresh investment into the upstream oil and gas sector.

The Commission Chief Executive, Gbenga Komolafe, announced the launch on Monday during a briefing at the agency’s headquarters in Abuja. He presented the new platform, br2025.nuprc.gov.ng, as a central tool for managing bid submissions and providing real-time access to licensing information.

Komolafe stated that the portal was designed to widen investor participation, improve openness in the licensing process, and support broader exploration activities across the oil and gas value chain. He noted that the commission adopted a digital approach to streamline applications, reduce administrative delays, and create a fair environment for both local and international bidders.

The chief executive reviewed the commission’s recent licensing exercises, highlighting the 2022 Mini-Bid Round and the 2024 Licensing Round. He described both as transparent and competitive, adding that the 2024 round ended without litigation and drew praise from the Nigeria Extractive Industries Transparency Initiative and other industry observers.

The commission expects the 2025 Licensing Round to build on these outcomes by offering new blocks, attracting diverse investors, and reinforcing Nigeria’s long-term upstream development goals.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Abdul Samad Rabiu’s Bombardier Deal Reflects African Billionaires’ Growing Footprint in Luxury Aviation

Dubai, UAE — December 2025 Nigerian billionaire Abdul Samad...

US Reviews Ties with Tanzania Amid Human Rights Concerns

Washington, D.C. — December 2025 The United States has...

Kagame and Tshisekedi Sign Peace Accord in Washington, Presided Over by Trump

Washington, D.C. — December 2025 Rwandan President Paul Kagame...

Nigeria Captain William Troost-Ekong Retires from International Football Ahead of AFCON 2025

Lagos, Nigeria — December 2025 Nigeria’s Super Eagles will...