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Over the years, exploration and production (“E&P”) companies have relied on a range of traditional financing mechanisms to fund acquisitions and develop projects. Among these mechanisms, Reserve-Based Lending (“RBL”) has emerged as a distinctive and increasingly utilised financing option within the oil and gas industry.

On Monday, 29th April 2024, the Nigerian Electricity Regulatory Commission ("the Commission" or "NERC") deregulated the pricing of meters deployed under the Meter Asset Provider (MAP) Scheme.

As the 30th United Nations Climate Change Conference (COP30) convenes in Belém, Brazil, it presents an opportunity to examine Nigeria's legal and policy measures relevant to clean-energy and climate-aligned activities.

As well as facilities to fund the development of oil and gas assets, a significant number of facilities were provided to Nigerian companies to finance their acquisition of oil and gas assets.

Monthly updates on Nigeria’s petroleum, mining, electricity and renewable energy sectors

The petroleum industry plays a crucial role in global energy production, economic development, and societal progress. However, the extraction, processing...

Megawatts Nigeria Ltd v. Registered Trustees of Gbagada Phase II Residents' Association is a cautionary tale for residential estates and gated communities across Nigeria.

A Free trade zone is a distinct economic zone in the country that confers special privileges in relation to trade and business policy for companies carrying on business within that zone, especially in the area of taxes.

Nigeria is going solar at speed. The country imported solar panels worth N242.68 billion in the first half of 2025 alone and added some 803 megawatts of new capacity over the year

On 3rd September 2024, the Federal Government of Nigeria (FGN) issued the Value Added Tax (Modification) Order, 2024 (the Order), in its Official Gazette No. 149, Vol. 111 of 3rd September 2024...

The PIB seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities.

The Petroleum Industry Act (PIA) 2021 marked a historic milestone in the reform of Nigeria's oil and gas sector, promising transparency, accountability, and efficiency.

The Federal High Court's recent decision in HRM King Bubaraye Dakolo v. Shell Petroleum Development Company has reignited debate over whether limitation statutes should bar environmental claims arising from oil spills. This case examines two critical unresolved questions: whether federal or state limitation laws govern petroleum litigation, and whether ongoing oil pollution constitutes a continuing tort that suspends statutory time limits.

Disputes are inevitable in every relationship; they may be civil, commercial, or domestic in nature. In Nigeria, where the court system often faces significant delays due to backlogged...

On 9th October 2025, the Corporate and Commercial Group ("CCG") team of Advocaat Law Practice hosted a critical webinar titled ‘Nigeria's Landmark Tax Reforms 2025: Legal, Business, and Investment Implications.'

The Nigerian government embarked on a transformative journey by conducting an extensive review of the Electricity Power Sector Reform Act (EPSRA) 2005. This comprehensive evaluation...

The Federal Government has launched Nigeria's first formal gas trading system, introducing a Gas Trading Licence alongside a Clearing House and Settlement System to establish a transparent, regulated gas market.

The demand for energy globally is growing faster than the installed energy generation capacity. This energy deficit may further increase as economies reopen and recover from the effects of the COVID-19 pandemic.