2025 Licencing Round: NUPRC Releases Ground Rules, Sets Signature Bonus at $3m to $7m
Disqualifies previously defaulting firms, government debtors Sets minimum turnover for bidders at $100m for deep offshore, $40m for onshore Commission denies withholding FEF, says over $185m, N14.9bn released to NNPC Emmanuel Addeh in Abuja
Nigerian Upstream Petroleum Regulatory Commission (NU-
PRC) yesterday made public the ground rules for its ongoing 2025 petroleum licensing round, with signature bonus set as low
as between $3 million and $7 Essentially, a signature bonus million in a bid to lower the is the one-time, upfront payusual barriers to entry and in ment that an oil or gas company line with global best practices. pays to a government when
it wins a licence or lease to In a Frequently Asked explore or produce petroleum Questions (FAQ) document resources. It is the “entry fee” Continued on page 24 for securing rights to a block. Tuesday 9 December, 2025 Vol 30. No 11202. Price: N400
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Judge: My Order Restraining AMCON over GHL Subsists, Bars AMCON Appointed Lawyer from GHL... Page 26
IGP: Nigeria Police Suffers Greatest Reputational Damage from Misinformation Linus Aleke in Abuja
(IGP), Kayode Egbetokun, the Nigeria Police across Nigeria has suffered greater police. has voiced strong concern the social media, asserting reputational damage from Addressing participants at Inspector-General of Police over persistent attacks on that no public institution in misinformation than the the 2025 Annual Conference
of Police Public Relations Officers (PROs), Egbetokun Continued on page 24
US Says Nigeria on Right Path After Conciliation With Team Ribadu
Congressmen conclude visit, reveal security framework within sight Ensure safe return of remaining abducted students, Tinubu tells security agencies Welcomes return of 100 schoolchildren in Niger state Story on page 24
TINUBU MEETS APC GOVERNORS...
Governors Ahmed Aliyu of Sokoto State; Governor Lucky Aiyedatiwa of Ondo State; Governor Umar Namadi of Jigawa State; President Bola Ahmed Tinubu; Governor Nasir Namadi of Kebbi State; Governor Ahmed Ododo of Kogi State; and Governor Monday Okpebholo of Edo State, during their meeting with President Tinubu at the Presidential Villa, Abuja… yesterday PHOTO: GODWIN OMOIGUI