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Nigeria, Africa's largest oil producer, faces a paradoxical challenge in its oil and gas sector. Despite possessing vast crude oil reserves, the country has long grappled with developing a robust domestic refining industry.

Reliable access to electricity is vital for the development and progress of any nation. Nigeria has grappled with a persistent problem of irregular power supply and arbitrary disconnection...

Nigeria's current oil and gas governance framework, primarily implemented through Joint Ventures (JVs) and Production Sharing Contracts (PSCs) with International Oil Companies (IOCs)...

In a major milestone, the Nigerian law firm of Perchstone & Graeys, led a delegation of top Nigerian Government functionaries, Nigerian business leaders and some of the country’s finest legal minds, for a day conference themed "Securing Energy for Emerging Markets: The Africa-Asia Experience" and networking "business to business" sessions with their Indian counterparts at the Federation of Indian Chambers of Commerce Federation House, New Delhi, India on June 7, 2013.

The Electricity Act (Amendment) of 2024 (the "Amendment Act") was enacted on February 9, 2024, to address the development and environmental concerns of host communities...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), pursuant to Section 167, the Third and Fourth Schedule of the Petroleum Industry Act...

In this edition, we discuss important updates issued by key regulators in the financial services sector.

The Federal Government of Nigeria has announced the appointment of Mrs. Diezani Allison-Madueke as Minister of Petroleum.

In February 2024, a significant development emerged in Nigeria's oil and gas sector. President Bola Ahmed Tinubu signed the Oil and Gas Companies...

On April 15, 2021, the Federal Inland Revenue Service issued a public notice by which it directed all approved enterprises operating within Nigeria's Export Processing and Oil & Gas Free Zones to:

The global focus on transitioning to clean energy, as evidenced by the recent 28th meeting of the Conference of the Parties to the UNFCCC (COP 28) has placed significant demands...

The role of the oil and gas industry as the primary contributor to Nigeria's external reserves undeniably highlights the sector's economic significance.

Nigeria's petroleum industry has been a cornerstone of its economy since the discovery of oil in commercial quantities in Oloibiri in 1956.

On March 25, 2026, the Central Bank of Nigeria (“CBN”) issued a cash pooling circular permitting IOCs to immediately repatriate one hundred per cent (100%) of their export proceeds, through Authorised Dealer Banks (“ADBs”) (the “Circular”).

Nigeria's electricity sector has been plagued with challenges across the various subsectors, despite years of structural reforms and investments aimed at addressing these recurrent issues.

The President of Nigeria, Bola Ahmed Tinubu (the "President"), on 6 March 2024, signed Executive Orders on oil and gas reform and issued three (3) policy...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has completed the pre-qualification stage of its 2025 Licensing Round and accordingly notified the successful...