diff --git a/CHANGELOG.MD b/CHANGELOG.MD
index 0900597f..925e84a7 100644
--- a/CHANGELOG.MD
+++ b/CHANGELOG.MD
@@ -4,6 +4,18 @@ See also [releases](https://github.com/NLog/NLog.Web/releases) and [milestones](
 
 Date format: (year/month/day)
 
+### Version 5.4 (2025/02/02)
+
+- **NLog.Web.AspNetCore**
+  - [#1069](https://github.com/NLog/NLog.Web/pull/1069) AspNetUserClaimLayoutRenderer - Extended with Azure Claims ObjectId + TenantId + AppId (#1069) (@snakefoot)
+  - [#1070](https://github.com/NLog/NLog.Web/pull/1070) Micro optimization by using is null (#1070) (@snakefoot)
+  - [#1072](https://github.com/NLog/NLog.Web/pull/1072) Updated dependency NLog.Extensions.Logging v5.4 (#1072) (@snakefoot)
+
+- **NLog.Web**
+  - [#1069](https://github.com/NLog/NLog.Web/pull/1069) AspNetUserClaimLayoutRenderer - Extended with Azure Claims ObjectId + TenantId + AppId (#1069) (@snakefoot)
+  - [#1070](https://github.com/NLog/NLog.Web/pull/1070) Micro optimization by using is null (#1070) (@snakefoot)
+  - [#1072](https://github.com/NLog/NLog.Web/pull/1072) Updated dependency NLog v5.4 (#1072) (@snakefoot)
+
 ### Version 5.3.15 (2024/11/21)
 
 - **NLog.Web.AspNetCore**
diff --git a/appveyor.yml b/appveyor.yml
index 50f79877..8ea6b2fc 100644
--- a/appveyor.yml
+++ b/appveyor.yml
@@ -21,7 +21,7 @@ build_script:
 deploy:
 - provider: NuGet
   api_key:
-    secure: C4wzAE+AWne4TbR54gBDkLImCxsfIp21C16wi4LJ3bVSw/HqwZrMSYJ90kl6eAuf
+    secure: f6oWebyOFLpuuo2PMd6xgoxwMq+JvXVUmPyBme89zS7UF0zcvLYPSKN/p6B/KaMs
   on:
     branch: master
     
diff --git a/build.ps1 b/build.ps1
index 8efd5f4d..b7573a23 100644
--- a/build.ps1
+++ b/build.ps1
@@ -2,7 +2,7 @@
 # creates NuGet package at \artifacts
 dotnet --version
 
-$versionPrefix = "5.3.15" # Also update version for minor versions in appveyor.yml 
+$versionPrefix = "5.4.0" # Also update version for minor versions in appveyor.yml 
 $versionSuffix = ""
 $versionFile = $versionPrefix + "." + ${env:APPVEYOR_BUILD_NUMBER}
 if ($env:APPVEYOR_PULL_REQUEST_NUMBER) {
diff --git a/examples/ASP.NET 4.6.1/Visual Studio 2017/ASP.NET 4.6.1 - VS2017/ASP.NET 4.6.1 - VS2017.csproj b/examples/ASP.NET 4.6.1/Visual Studio 2017/ASP.NET 4.6.1 - VS2017/ASP.NET 4.6.1 - VS2017.csproj
index 5eb7a24f..5677b3cd 100644
--- a/examples/ASP.NET 4.6.1/Visual Studio 2017/ASP.NET 4.6.1 - VS2017/ASP.NET 4.6.1 - VS2017.csproj	
+++ b/examples/ASP.NET 4.6.1/Visual Studio 2017/ASP.NET 4.6.1 - VS2017/ASP.NET 4.6.1 - VS2017.csproj	
@@ -49,7 +49,7 @@
       <HintPath>..\..\..\..\packages\Microsoft.Web.Infrastructure.1.0.0.0\lib\net40\Microsoft.Web.Infrastructure.dll</HintPath>
     </Reference>
     <Reference Include="NLog, Version=5.0.0.0, Culture=neutral, PublicKeyToken=5120e14c03d0593c, processorArchitecture=MSIL">
-      <HintPath>..\..\..\..\packages\NLog.5.3.4\lib\net46\NLog.dll</HintPath>
+      <HintPath>..\..\..\..\packages\NLog.5.4.0\lib\net46\NLog.dll</HintPath>
     </Reference>
     <Reference Include="System" />
     <Reference Include="System.Data" />
diff --git a/examples/ASP.NET 4.6.1/Visual Studio 2017/ASP.NET 4.6.1 - VS2017/packages.config b/examples/ASP.NET 4.6.1/Visual Studio 2017/ASP.NET 4.6.1 - VS2017/packages.config
index d3d81e79..6b862a3e 100644
--- a/examples/ASP.NET 4.6.1/Visual Studio 2017/ASP.NET 4.6.1 - VS2017/packages.config	
+++ b/examples/ASP.NET 4.6.1/Visual Studio 2017/ASP.NET 4.6.1 - VS2017/packages.config	
@@ -11,6 +11,6 @@
   <package id="Microsoft.jQuery.Unobtrusive.Validation" version="3.2.12" targetFramework="net461" />
   <package id="Microsoft.Web.Infrastructure" version="1.0.0.0" targetFramework="net461" />
   <package id="Modernizr" version="2.8.3" targetFramework="net461" />
-  <package id="NLog" version="5.3.4" targetFramework="net461" />
+  <package id="NLog" version="5.4.0" targetFramework="net461" />
   <package id="WebGrease" version="1.6.0" targetFramework="net461" />
 </packages>
\ No newline at end of file
diff --git a/src/NLog.Web.AspNetCore/NLog.Web.AspNetCore.csproj b/src/NLog.Web.AspNetCore/NLog.Web.AspNetCore.csproj
index 7b8419aa..f968e541 100644
--- a/src/NLog.Web.AspNetCore/NLog.Web.AspNetCore.csproj
+++ b/src/NLog.Web.AspNetCore/NLog.Web.AspNetCore.csproj
@@ -15,10 +15,9 @@ Integrates NLog as provider for Microsoft.Extensions.Logging, and provides NLog
     <PackageReleaseNotes>
 ChangeLog:
 
-  - UseNLog Allow fallback to only EnvironmentName for NLog config (#1066) (@snakefoot)
-  - Updated dependency NLog.Extensions.Logging v5.3.15 (#1067) (@snakefoot)
-
-List of major changes in NLog 5.0: https://nlog-project.org/2022/05/16/nlog-5-0-finally-ready.html
+ - AspNetUserClaimLayoutRenderer - Extended with Azure Claims ObjectId + TenantId + AppId (#1069) (@snakefoot)
+ - Micro optimization by using is null (#1070) (@snakefoot)
+ - Updated dependency NLog.Extensions.Logging v5.4 (#1072) (@snakefoot)List of major changes in NLog 5.0: https://nlog-project.org/2022/05/16/nlog-5-0-finally-ready.html
 
 Full changelog: https://github.com/NLog/NLog.Web/releases
 
@@ -73,7 +72,7 @@ List of available Layout Renderers: https://nlog-project.org/config/?tab=layout-
     <AssemblyTitle>$(Title)</AssemblyTitle>
   </PropertyGroup>
   <ItemGroup>
-    <PackageReference Include="NLog.Extensions.Logging" Version="5.3.15" />
+    <PackageReference Include="NLog.Extensions.Logging" Version="5.4.0" />
     <PackageReference Include="Microsoft.SourceLink.GitHub" Version="8.0.0" PrivateAssets="All" />
   </ItemGroup>
   
diff --git a/src/NLog.Web/NLog.Web.csproj b/src/NLog.Web/NLog.Web.csproj
index 1dd56a09..700a9312 100644
--- a/src/NLog.Web/NLog.Web.csproj
+++ b/src/NLog.Web/NLog.Web.csproj
@@ -69,7 +69,7 @@ List of available Layout Renderers: https://nlog-project.org/config/?tab=layout-
     <DownloadFile SourceUrl="https://nlog-project.org/N.png" DestinationFolder="$(MSBuildThisFileDirectory)" />
   </Target>
   <ItemGroup>
-    <PackageReference Include="NLog" Version="5.3.4" />
+    <PackageReference Include="NLog" Version="5.4.0" />
     <PackageReference Include="Microsoft.SourceLink.GitHub" Version="8.0.0" PrivateAssets="All" />
   </ItemGroup>
   <ItemGroup>
diff --git a/tests/NLog.Web.AspNetCore.Tests/NLog.Web.AspNetCore.Tests.csproj b/tests/NLog.Web.AspNetCore.Tests/NLog.Web.AspNetCore.Tests.csproj
index 8aac34ae..d71bb43b 100644
--- a/tests/NLog.Web.AspNetCore.Tests/NLog.Web.AspNetCore.Tests.csproj
+++ b/tests/NLog.Web.AspNetCore.Tests/NLog.Web.AspNetCore.Tests.csproj
@@ -24,7 +24,7 @@
     <PackageReference Include="Microsoft.NET.Test.Sdk" Version="17.11.1" />
     <PackageReference Include="NSubstitute" Version="5.3.0" />
     <PackageReference Include="System.ValueTuple" Version="4.5.0" />
-    <PackageReference Include="xunit" Version="2.9.2" />
+    <PackageReference Include="xunit" Version="2.9.3" />
     <PackageReference Include="xunit.runner.visualstudio" Version="2.8.2">
       <PrivateAssets>all</PrivateAssets>
       <IncludeAssets>runtime; build; native; contentfiles; analyzers</IncludeAssets>