868 results found

With Free Zones, there is an expectation that the law will mean what it says in letter and in spirit.

Towards achieving vision 30:30:30 through the increased penetration of mini-grids in Nigeria, the Nigerian Electricity Regulatory Commission (NERC or the "Commission") published a consultation paper in August 2022 calling for recommendations on its proposed amendment of the 2016 Mini-Grid Regulations.

This year there have been a number of acquisitions and proposed acquisitions of onshore oil and gas assets in Nigeria.

​Last week a high court in Lagos annulled the electricity tariff hike that took effect in February saying it wasn't introduced through due process.

The Central Bank of Nigeria has reversed its 2024 foreign exchange restrictions on International Oil Companies, allowing immediate repatriation of 100% of export proceeds. This policy shift eliminates the previous 90-day retention requirement and 50/50 rule, fundamentally changing how IOCs manage their treasury operations and export earnings in Nigeria's oil and gas sector.

Nigeria is in an extremely fragile state. Available indices show characteristics of a failing state. There are conflicts and agitations everywhere, feelings of marginalization and exclusion...

We had last month reviewed the Court of Appeal's decision in NATIONAL OIL SPILL DETECTION AND RESPONSE AGENCY V. MOBIL PRODUCING NIGERIA UNLIMITED (EXXONMOBIL), where it held that the imposition of fines ...

After nearly three decades of legal battles, arbitration proceedings, and international scrutiny, the long-running dispute over OPL 245 has finally come to an end. On March 5, 2026, the Nigerian government announced...

Tax incentives are a vital component of government taxation policies aimed at stimulating specific economic activities by reducing tax obligations.

Profit is the motive of every business and for any business owner to realize profit from an undertaking the production cost must be less than the sales cost.

In a bid to resolve the issues arising from the overlap of the regulatory functions of the Nigerian Upstream Petroleum Regulatory Commission and Nigerian Midstream and Downstream Petroleum Regulatory Authority, the President of the Federal Republic of Nigeria and Minister of Petroleum Resources, Bola Ahmed Tinubu, on June 26, 2023, issued a directive.

How has the National Mass Metering Programme impacted the Estimated Billing System of the Unmetered End-Use Customers in the Nigerian Electricity Supply Industry?

Electricity is a necessity for any thriving economy. For several years, however, factors such as inadequate infrastructure, inefficient legal/regulatory frameworks, and limited private sector participation...

An interesting development in recent United States ("US") financial reform legislation is a disclosure obligation contained in a miscellaneous provision of the proposed Dodd-Frank Wall Street Reform and Consumer Protection Act approved by the US House of Representatives on June 30, 2010 and by the Senate on July 15, 2010. According to section 1504 of the Bill, titled "Disclosure of Payments by Resource Extraction Issuers",

In the June 2, 2022 edition of the Punch Newspapers, President Buhari was reported to have said that: ‘We can't justify subsidy removal; western countries are subsidizing fuel too.'.

Energy security is one of the key concerns of nations around the world. Underpinning this concept are four factors, namely, the availability of energy sources...

The Oil and Gas sector serves as a major source of revenue in Nigeria. Any person intending to start an oil and gas business in Nigeria must comply with the certain legal requirements.

The contributions of the oil and gas sector is integral to the economic growth and development of a country's economy.