Business

FIFA proposes $20bn World Cup commercial rights sale

  • 29th July 2026

Oil jumps amid escalating Iran-US tensions in Middle

  • 29th July 2026

NCC, REA partner to cut digital infrastructure costs

  • 29th July 2026

NLNG hits $150bn revenue as global LNG exports

  • 29th July 2026

Contact Info

Some Populer Post

BTS snubs 2027 Grammys over new Asian pop category

Entertainment

DoorDash launches drone delivery unit

Tech

Microsoft faces UK probe over Microsoft 365 Copilot subscription

Tech

Gov Mbah approves recruitment of 6,580 teachers for smart

News

Tag: oil blocs

Oil and Gas

NUPRC awards 37 oil blocks to 31 companies despite ‘threats’

The Nigerian Upstream Petroleum Regulatory Commission on Tuesday declared 31 companies as winners of 37 oil and gas blocks under the 2025 Licensing Round, despite what the commission described as sustained threats and pressure mounted against members of its evaluation team before the conclusion of the exercise. The successful conclusion of the commercial bid conference […]

featured Oil and Gas

NUPRC opens 50 oil blocks for 2025 bidding round

The Nigerian Upstream Petroleum Regulatory Commission has launched the 2025 licensing round by opening 50 oil and gas blocks across five sedimentary basins for bidding and exploration. The commission has warned that only technically competent and financially strong firms will be permitted to advance in the process. The exercise aims to eliminate speculative participation and […]

Monthly petrol import drops by 990m litres - Minister
Oil and Gas

FG unveils 50 oil blocks, targets $10bn investment

The Federal Government has announced the immediate opening of bids for 50 oil and gas blocks, a move projected to attract $10 billion in new investments and increase national oil production by an estimated 400,000 barrels per day. Over the next ten years, the government also aims to secure 10 billion barrels of oil in […]

Oil and Gas

Oil blocs licensing to end in April –FG

The Federal Government declared on Monday that the seven deep offshore open oil blocs’ licensing round, which started on January 3, 2023, will end in four months time It asked investors with knowledge of and experience with deep-water operations from around the world to accept the financial terms of the Petroleum Industry Act 2021 and […]

FG target Spanish investors for seven oil blocs
Investment

FG target Spanish investors for seven oil blocs

  The Federal Government of Nigeria on Thursday reached out to Spanish investors in an effort to entice them to participate in Nigeria’s 2022 deep offshore mini-bid round. According to The PUNCH, the government also announced that Spain would provide Nigeria with support in the area of oil and gas sector security. During a meeting […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in