As the 2025 licensing round gets underway, the Federal Government has reduced the signature bonus from $10m to $3m and $7m. The Nigerian Upstream Petroleum Regulatory Commission disclosed this in an update on its website.
According to the commission, this was part of the government’s efforts to reduce entry barriers. “Interested in one of the oil blocks listed for the 2025 Licensing Round? The Nigerian government has graciously reduced the…
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