Federal Government Bars Signature Bonus Refunds As 2025 Oil Licensing Round Commences

The Federal Government has issued a stern warning to prospective investors in the 2025 oil licensing round, stating that all signature bonuses and bidding fees are strictly non-refundable. Speaking at a pre-bid conference in Lagos on Wednesday, January 14, 2026, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, emphasized that technical and commercial … Continue reading Federal Government Bars Signature Bonus Refunds As 2025 Oil Licensing Round Commences