The Nigerian Upstream Petroleum Regulatory Commission has warned 31 companies that emerged winners of 37 oil and gas blocks in the 2025 Licensing Round to pay their signature bonuses within the stipulated period or risk losing their provisional awards. The commission issued the warning exactly one month after it hosted the commercial bid conference in Abuja, where the successful companies emerged as winners of the available blocks. In a notice seen on Sunday, the NUPRC said the process of compliance with the payment of signature bonuses had commenced following the issuance of provisional awards to the successful bidders. “Exactly a month ago, the NUPRC hosted the 2025 commercial bid conference in Abuja where 31 companies emerged winners of 37 oil and gas blocks. Having issued the winners with the provisional awards, compliance with the payment of signature bonuses has already begun. Winners who fail to pay signature bonuses within the stipulated time frame in line with the Petroleum Industry Act will forfeit their bid guarantee and lose their provisional awards to the reserve bidders,” the NUPRC stated.

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