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Nigeria Offers Oil Blocks in Region of Insurgent Attacks - BLOOMBERG

JANUARY 28, 2026

Nigeria offered investors oil blocks near its northeastern border, where a conflict with Islamist insurgents has been ongoing for decades.

Out of 50 oil blocks in the latest bidding round offered by Africa’s top crude producer, four are in the Lake Chad basin, the Nigerian Upstream Petroleum Regulatory Commission told investors on Wednesday.


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