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flag Nigeria opens oil fields to private bids, clears $1.4B in debts, and plans $10B investment round to boost output.

flag Nigeria’s state oil company NNPC Limited is inviting bids to sell at least 25% of stakes in selected oil and gas fields, aiming to attract investment and boost production, with bidders required to register by January 10. flag The government has also cleared NNPC’s pre-2025 debts to the Federation Account—about $1.4 billion and ₦5.5 trillion—resolving legacy obligations, though newer debts remain. flag A major 2025 oil licensing round offering 50 blocks is expected to draw up to $10 billion in investment and increase output by 400,000 barrels per day, with reforms prioritizing credible investors over high bonuses and improving transparency through cash royalty payments and better data access.

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