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Bloomfield LP's Energy Practice brings you highlights of interesting energy developments in Nigeria February 05, 2024.

On May 15, 2025, Nigeria's President issued the Upstream Petroleum Operations (Cost Efficiency Incentives) Order, 2025 granting certain cost efficiency incentives...

Nigeria's power sector has suffered 222 partial or total grid collapses in the 12-year period from January 2010 and September 2022, according to reports. The country has struggled...

The second quarter of 2024 for Nigeria's energy sector demonstrated both resilience and ongoing challenges. Despite a decline in crude oil production due to infrastructure issues...

British American Tobacco faces significant penalties from Nigeria's Federal Competition and Consumer Protection Commission for alleged violations of consumer protection regulations. The case raises important questions about corporate compliance with local consumer laws and the enforcement powers of regulatory bodies in protecting market competition.

On 25th March, 2026, the Central Bank of Nigeria ("CBN") issued a circular titled "Removal of Cash Pooling Requirement for International Oil Companies (IOCs)" (the "2026 Circular")...

The Power Sector Recovery Program (PSRP) which was approved by the Federal Executive Council on the 22nd of March 2017 has as its program scope, ...

The Federal Government of Nigeria ("FGN"), through its upstream oil and gas industry regulator, the Nigerian Upstream Petroleum Regulatory Commission ("NUPRC"), has announced the commencement of the mini bid round 2022 ("MBR").

The Nigerian oil and gas industry stands on the brink of significant transformation as President Ahmed Tinubu approves amendments to the Petroleum Industry Act. What specific reforms are being proposed, and how will these changes reshape the regulatory landscape for one of Africa's most critical energy sectors?

The Petroleum Industry Act, 2021 (PIA or "the Act") waded through many turbulent waters of rejections and approvals to finally emerge on 16 August 2021.

The Petroleum Industry Act, 2021 was signed into law in August 2021. The PIA introduces significant changes to the legal and governance framework, administrative processes, regulatory and fiscal terms, and host community engagements ...

Nigeria is one of Africa's most prolific oil-producing countries, with an energy source mix of fossil fuels (such as oil, bitumen, natural gas, and coal) and renewable energy...

In 2018, the Nigerian energy sector presented itself as one with considerable potential to return high yields on investment.

In 2025, Nigeria took a significant step in advancing its climate action agenda with the signing of the Nigeria Carbon Market Framework (the "Framework"). Recently on January 14, 2026...

This month, the Central Bank of Nigeria (the "CBN") and the Securities and Exchange Commission (the "SEC") issued relevant guidelines and market updates.

Nigeria's Federal Government remains the largest economic player owning vast land, oil reserves, infrastructure assets, and regulatory powers that influence every sector.

There is a new opportunity for investment in Nigeria's power sector.