Oil bid round: FG cuts signature bonus from $200m to $10m

Ahead of the 2024 Oil Licensing Round, President Bola Tinubu has reduced the signature bonus payable by successful bidders from around $200m to $10m. The Chief Executive of the Nigerian Upstream Regulatory Commission, Gbenga Komolafe, stated this Tuesday during the pre-bid conference held in Victoria Island, Lagos. According to Komolafe, the NUPRC surveyed what other

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