Nigeria handed out 37 oil and gas blocks to 31 companies on Tuesday, capping a licensing round that regulators say marked the first...

The commission said the commercial evaluation would be based on key bid parameters, including the signature bonus, work programme commitment and commitment to performance security.

143 firms are set to compete for 50 oil blocks in Nigeria's 2025 licensing round. Discover how the NUPRC will evaluate bids for these crucial oil blocks.

• NUPRC targets 500m additional barrels to crude reserves