FG fixes June 12 deadline for oil bids

Nigeria's Federal Government has set a new deadline for the submission of bids in its 2025 oil licensing round. Interested parties will have until June 12, 2026, to submit their proposals. This timeline is a crucial step in the country's efforts to attract investment and boost its oil and gas sector. The licensing round is expected to offer new opportunities for exploration and production activities.

This deadline is significant as it signals the government's commitment to advancing its oil and gas exploration agenda, potentially impacting future energy supply and economic development.