NUPRC Invites Global Investors to Nigeria’s 2025 Oil Licensing Round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on international investors to participate in Nigeria’s 2025 oil and gas licensing round, saying recent reforms have strengthened confidence in the country’s upstream sector. The commission said changes introduced under the Petroleum Industry Act (PIA) 2021 have created a stable and transparent regulatory environment for investment.

The appeal was made by the Commission’s Chief Executive, Oritsemeyiwa Eyesan, during her opening remarks at the 10th anniversary of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC 2026) held in Lagos on Tuesday, February 10, 2026.

Eyesan said Nigeria is offering 50 oil and gas blocks across multiple terrains as part of a strategic effort to unlock its upstream potential and attract credible investors. She noted that the licensing round aligns with global best practices and reflects a responsible approach to resource development.

She added that Africa has seen increased energy investment over the past three years, and Nigeria is positioning itself to benefit from the trend through improved fiscal terms, stronger governance, and a commitment to transparency and sustainability in the petroleum sector.