Indigenous Firms Dominate Oil Block Winners As Federal Govt Targets $259m Signature Bonuses

WIRE — BY NSE ANTHONY-UKO, Abuja AND CHIKA IZUORA, Lagos The federal government is expecting to earn between $111m'and $259 million in signature bonuses from the Nigerian Upstream Petroleum Regulatory Commission's 2025 Licensing Round, after 31 companies emerged winners of 37 oil and gas blocks in the exercise. The estimate is based on the disclosed signature bonus

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