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NUPRC Advances 2025 Bid Round as Bid Data Leasing Opens Today

Nse Anthony-Uko by Nse Anthony-Uko
3 months ago
in Business
WhatsApp Image 2026 03 17 at 10.51.22 AM
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the completion of the pre-qualification stage of the 2025 Licensing Round and notified successful applicants accordingly.

The commission stated that this was done on March 16, 2026, in line with the 2025 Licensing Round Guidelines.

The NUPRC announced that, with pre-qualification now complete, it will permit successful applicants to lease data starting today, March 17, 2026, in preparation for technical and commercial bid submissions.

The regulator noted that pre-qualified applicants are mandated to lease data only from the two applicable data sources and to upload evidence of payment as a prerequisite for bid submissions.

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The regulator emphasised that “pre-qualified applicants are mandated to lease data only from the two data sources (as applicable) and upload evidence of payment as a pre-requisite to the submission of bids.”

The 2025 Licensing Round, launched in late 2025, is the third in a series under the Petroleum Industry Act (PIA) 2021, targeting undeveloped fields, fallow assets, onshore/shallow water/deep offshore blocks, and natural gas development to boost reserves, production, jobs, and investment.
The commission said further details are available on the licensing round portal: https://br2025.nuprc.gov.ng/.

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Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

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