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    FG Tightens 2025 Oil Licensing Financial Thresholds

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    Nigeria’s upstream regulator has outlined new financial thresholds for the 2025 licensing round, with higher benchmarks for deep offshore bidders and lower requirements for onshore/shallow water participation. The guidance also allows alternative proofs of financial capacity.

    The government also signalled reduced signature-bonus expectations, a move intended to broaden participation and stimulate investor interest.

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