The Nigerian Upstream Petroleum Regulatory Commission has written to holders of around 40 Petroleum Prospecting Licences in Nigeria, notifying them of licence expiration and stating the conditions for extension.
The letter was recently sent to affected PPL holders, and Nigerians have been reacting.
In the letter signed by NUPRC, Chief Executive Officer Gbenga Komolafe revealed that extending the validity of a PPL license would cost $5,000 as an application fee.