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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...

Nigeria's GDP growth slowed from 3.52% to 2.31% in the first quarter of this year when demonetisation caused a severe cash shortage.

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.

T he COVID-19 Pandemic and its disruptive effect on Nigeria's economy has put a strain on revenue generation at all levels of government. Despite the current economic...

It has been three years since the Petroleum Industry Act ("PIA" or the "Act") was signed into law, and the implementation of the Act has come into full swing.

Globally, the clamour for reducing gas emissions that impact climate change is profound. The International Maritime Organization (IMO) has embraced this trend through...

One of the main concerns of countries all over the world is the issue of energy security. Energy-rich nations must contend with issues related to energy security.

The Nigerian Petroleum Industry Bill (PIB) possibly ranks as number one by a wide margin among the bills that have spent the most time with the legislature.

World leaders gathered in Paris during the 2015 UN Climate Change Conference (COP21) to endorse the Paris Agreement; an International Energy Treaty grounded...

The petroleum and gas industry is one of the world's largest and revenue generating sectors. Since petroleum is crucial to both national and global economies...