29 Jun 2022

Nigeria sells marginal oilfield licenses for $482m, ignores court

Nigeria has made over 200 billion naira, which is equivalent to $482 million from the issuance of oil prospecting licenses. It offered 57 oil fields for bidding according to the petroleum regulator. The NUPRC, The Nigerian Upstream Petroleum Regulatory Commision, said that over two thirds of the awardees have fully

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