AGP Executive Report
Last update: 3 hours agoOil & Gas Bids: Nigeria’s NUPRC opened the commercial bid phase for 2025 licensing, with 143 prequalified firms competing for 50 oil and gas blocks, while the regulator says the top financial offer won’t automatically decide winners. Licensing Rules: The government will return 13 of the 50 blocks to the bid basket after failed bids, and successful bidders must start development fast or risk losing assets under “drill or drop.” West Africa Energy Integration: ECOWAS endorsed the Nigeria–Morocco gas pipeline, a 6,000km project expected to run through Benin, Togo and others to reach Europe. Regional Appointments: ECOWAS approved new commissioners and ECOWAS Court judges for 2026–2030, including Désiré Aihou (Benin). Benin City Security: NDLEA arrested a couple in Benin City after uncovering a drug warehouse, seizing 412kg of skunk and Canadian Loud. Environment: Beninese scientists rediscovered a coral reef long presumed dead off Benin, now described as teeming with life.
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