NUPRC announces 2026 licensing round

Nigeria's upstream sector is set to see renewed investor activity as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the 2026 licensing round, aiming to kick off by the third quarter of next year. This move follows ministerial approval and reflects NUPRC's effort to maintain and boost investor interest in the oil and gas sector. The timing and approval of this licensing round are significant for Nigeria's economy, as they could lead to increased exploration activities and potentially higher revenues from the country's critical energy resources.