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FG increases number of oil blocks for 2024 bid round

The federal government has increased the number of oil blocks on offer in the 2024 marginal bid round.
Gbenga Komolafe, chief executive officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), spoke on Tuesday at the pre-bid conference for the 2024 licencing round in Lagos.
On May 8, NUPRC invited investors to bid for 12 oil blocks and seven deep offshore assets in the 2024 marginal bid round.
In addition to the previously disclosed 12 oil blocks available in the bid round, Komolafe said the nation has placed more oil blocks for sale.
He said this follows the acquisition of more geological data, which resulted in the discovery of more prospective blocks — a feat achieved in partnership with multi-client partners.
Komolafe said details of the newly identified oil blocks “would be made available on the portal”.
“The newly identified blocks will be added to the pool of blocks originally scheduled for the bid exercise and their details will be made available on the bid round portal,” he said.
“In addition to these blocks, the seven deep offshore blocks from the 2022 mini-bid round exercise which cover an area of approximately 6,700 km2 in water depths of 1,150m to 3,100m shall also be concluded along with this licensing round.”
Komolafe expressed the commission’s determination to carry out the bid round in a transparent manner in line with section 76 (1) of the Petroleum Industry Act (PIA).
He said each bloc was picked for its potential to strengthen the nation’s reserve and economic posterity, adding that as of April, Nigeria’s oil reserve stood at 37.5 billion barrels of oil, while gas reserve was 209 trillion cubic feet (tcf).
“We are not just a regulator, but a business enabler. This bid round will enable us an unprecedented opportunity to unlock Nigeria’s vast hydrocarbon potential, attract investment and propel our nation towards greater economic prosperity and shared prosperity,” Komolafe said.
The CEO called on investors to trust their investments in the Nigerian oil sector because it is cheaper for them to conduct exploration and production of oil in the country due to the depth of the oil wells.
“In the past the award of oil blocks culminated to the non-development of over 90 per cent of marginal fields, thus denying the federal government of reaping the intended benefits because such awards were not based on technical and financial considerations,” he said.
Going forward into the 2024 oil bid round, Komolafe said only investors with sufficient financial and technical capacity would be given consideration.
News
BREAKING: Unknown gunmen reportedly storm Senator Natasha’s family residence

Senator Natasha Akpoti-Uduaghan’s family residence in Kogi was reportedy invaded by gunmen around 1 a.m. on Tuesday, April 16, leaving damaged windows but no injuries.
The incident happened at her hometown residence in Obeiba-Ihima, located in Okehi Local Government Area of Kogi State.
Sources familiar with the event said the attackers arrived around 1:00 a.m. Armed with cutlasses and guns, they damaged parts of the building, smashing windows and causing panic in the area. At least three men were involved in the attack.
Senator Natasha’s Chief Security Officer, Yakubu Ovanja, quickly informed the appropriate security agencies.
In response, officers from the Okehi Police Division rushed to the scene.
Although nobody was hurt and no suspects have been arrested yet, security officials recorded the extent of the damage and launched a preliminary investigation.
The reason behind the attack is still unknown, and as of now, Senator Akpoti-Uduaghan has not released any official statement. She represents Kogi Central in the Senate and is known as a vocal figure in Nigerian politics.
According to Zagazola Makama, police are still trying to figure out what motivated the attackers and are working to find those responsible.
News
SAD! Again, Alleged Herdsmen Attack Three Benue Communities

The communities came under simultaneous attacks just a day after the killing of 11 persons at Otobi Community also in Otukpo LGA.
Benue has in the past decade experienced incessant attacks.
Suspected herdsmen have again stepped up violent attacks as no fewer than three communities in the Otukpo Local Government Area (LGA) of Benue State were attacked on Wednesday.
The communities affected during the fresh attacks include Emichi, Odudaje, and Okpamaju all in Otukpo where five persons were killed in February. The communities came under simultaneous attacks just a day after the killing of 11 persons at Otobi Community also in Otukpo LGA.
Local sources confirm that several people may have been feared dead again in the fresh attack.
Wednesday’s attack came hours after Governor Hyacinth Alia confirmed the arrest of three suspected herders in connection with the invasion of Otobi village on Tuesday night.
When contacted, Otukpo LGA Chairman, Maxwell Ogiri, confirmed the attack on the three communities, saying that the attackers stormed the communities at the time when the Commissioner of Police was still at the Ochidoma Palace over the previous day’s attack on Otobi.
He added that three people sustained injury in the attacks on the three communities, leading to women and children abandoning the communities for fear of being killed.
“Only young men were in the communities when the attackers arrived. The prompt response from combined security operatives made the attackers flee and none of them were arrested,” Ogiri stated.
The police spokesperson in the state, Sewuese Anene, was yet to confirm details of the attacks on the three communities.
News
Insecurity: Obi lauds Northern Traditional Ruler’s bold steps

The 2023 Presidential Candidate of the Labour Party, Peter Obi has hailed the Northern Traditional Rulers for taking bold steps on the menacing security challenges in the region and in the country.
Obi, who was reacting to the ‘Enough is Enough’ declaration of the royal fathers on the security situation, said that their courageous steps are needed to find a lasting solution to the menace.
Writing on his X handle, Obi said “I would like to sincerely thank the Northern Traditional Rulers for their courageous and timely emergency declaration of the security situation in the region. I cannot agree less with them that “Enough is Enough” regarding the persistent killings and insecurity plaguing our nation.
“Their collective voice, as reported, underscores the urgent need for decisive action to protect lives and restore peace in our communities.
“I urge governments at all levels to work closely with these royal fathers who are closest to the people at the grassroots. Their commitment to addressing these challenges and offering counsel to regional governors reflects true leadership and a deep concern for the well-being of their communities.
“The stance of the Northern Traditional Rulers serves as a clarion call to all stakeholders. We must unite, irrespective of political affiliations, to implement lasting solutions that address the root causes of our nation’s challenges.
“Let us work together to build a Nigeria where every citizen feels safe, valued, and empowered.
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