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This will clearly signal increasing work for Law Firms engaged in this sector.

The distribution of petroleum resources has always been an issue of serious controversy in the Nigerian state under the previous petroleum regime.

The African continent continues to boast a vast array of potential opportunities, particularly in the oil and gas (O&G) sector.

On March 17, 2023, the President of the Federal Republic of Nigeria signed nineteen (19) bills into law.

As we enter the new year, it is important to reflect on the major developments that shaped Nigeria's oil and gas industry in 2025. The sector continued to evolve under the framework of the Petroleum Industry Act (PIA)...

The second quarter of 2026 witnessed significant geopolitical tensions in the Middle East that disrupted global oil supply routes and triggered volatility in international crude prices. These developments had direct impacts on Nigeria's downstream petroleum market, with Dangote Petroleum Refinery making multiple price adjustments throughout the period as Brent prices fluctuated.

Executive Order 9 of 2026 represents a fundamental restructuring of Nigeria's petroleum governance framework, extending far beyond simple revenue remittance requirements. This analysis examines the constitutional foundations, institutional implications, compliance challenges, and long-term impacts on operators, investors, regulators, and the broader energy sector in what may be one of the most consequential developments in Nigerian petroleum governance in recent years.

The Nigerian Upstream Petroleum Regulatory Commission has concluded its Commercial Bid Conference for the 2025 Upstream Licensing Round, announcing Preferred and Reserve Bidders while establishing critical evaluation criteria and post-award obligations. This development signals Nigeria's commitment to transparent acreage allocation and enforcement of the Petroleum Industry Act's drill-or-drop principle, with implications for current bidders and future licensing opportunities.

The Nigerian Electricity Supply Industry (NESI) is a critical pillar of the nation's economic development, facilitating industrial growth and improving standards of living.

2021 has been a landmark year for the Nigerian Oil and Gas Industry. With the conclusion of the marginal field bidding rounds and the passage of the Petroleum Industry Act (PIA)...

In light of Nigeria's evolving economic realities, the country grapples with a severe energy crisis marked by frequent power outages, impacting daily life and hindering economic growth.

Technology transfer is the sharing or disseminating of knowledge, skills, methods, technologies, equipment, intellectual property or innovations from one entity (often a foreign company...

When a massive FPSO vessel was abandoned at Samsung Heavy Industries Nigeria's quay, blocking operations and causing significant commercial losses, swift legal action was required. Our maritime litigation team successfully invoked admiralty jurisdiction to secure a landmark court order directing the Admiralty Marshal to arrest and physically relocate one of the largest offshore assets ever arrested in Nigeria's legal history.

A Bill to provide for the designation and establishment of Oil and Gas Free Zones and Special Investment Areas is being considered by the Nigerian legislature.

Nigeria's oil and gas industry experienced significant milestones in the first half of 2026, building on an exceptionally active 2025 marked by major investment decisions, licensing rounds, and substantial transactions. While the pace has moderated compared to the previous year's unprecedented activity, the sector continues to achieve critical developments across upstream, midstream, and gas value chains that are reshaping the country's energy landscape.

Taiwo Oyedele, Head, Tax and Co-operate Advisory Services, Price Water House says that the reason why Nigeria is facing a fall in oil price is because "we failed to plan two, three years ago. This is line with the 2015 budget presented by the Minister of Finance, Ngozi Okonjo-Iweala that it is based on some key indicators like $65 per barrel in oil price, production level is 2.27 million barrels per day and the growth rate based on the new parameters of the country, from 6.35-5.5%.

Taiwo Oyedele, Head, Tax and Co-operate Advisory Services, Price Water House says that the reason why Nigeria is facing a fall in oil price is because "we failed to plan two, three years ago. This is line with the 2015 budget presented by the Minister of Finance, Ngozi Okonjo-Iweala that it is based on some key indicators like $65 per barrel in oil price, production level is 2.27 million barrels per day and the growth rate based on the new parameters of the country, from 6.35-5.5%.