Nigeria, Nov. 11 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday announced the commencement of the 2025 licensing round, effective 1 December.

In a statement on Tuesday, the NUPRC said its Chief Executive, Gbenga Komolafe, made the announcement at the commission project 1MMBOPD Additional Production Investment Forum in London.

Mr Komolafe stated that the move was in line with the Petroleum Industry Act (PIA) following the approval of President Bola Tinubu who doubles as the Minister of Petroleum Resources.

"We are announcing that we are ready, following the approval of the Minister of Petroleum Resources in line with the Petroleum Industry Act, to commence the 2025 licensing round beginning from 1 December 2...