- The Federal Government of Nigeria has announced plans to hand over 12 new oil blocks for exploration and production
- The bidding is expected to be transparent and competitive, with a focus on technical expertise and environmental best practices
- The move comes days after the successful commencement of production in a newly discovered oil well
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2024 Nigeria Petroleum Licensing Round and the resumption of 2022/2023 with 12 oil blocks for offer.
