NUPRC to Commence 2026 Licencing Round in Q3 After Tinubu’s Approval

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to kick off the 2026 Oil Licensing Round in the third quarter, following the approval by President Tinubu. This move comes after NUPRC workers suspended an industrial action, signaling a smoother operational flow. The licensing round is crucial as it will determine new exploration and production opportunities in Nigeria's oil sector, potentially boosting revenue and attracting foreign investment. This decision underscores the government's commitment to revitalizing the country's oil industry and aligns with broader economic goals.