..Funding, regulations, 'forced marriages' undermine confidence in new licences
Nigeria’s upstream petroleum sector is gearing up for another licensing round at the end of 2025, but industry players warn that unresolved structural weaknesses could produce yet another disappointing outcome.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) officially commenced the six-month licensing exercise on December 2, targeting $10 billion in new investments and aiming to add two billion barrels to national reser
