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Nigeria's economy was largely dominated by agriculture and mining of solid minerals prior to the discovery of crude oil in 1956.

Carbon markets are trading systems which operate on the principle that greenhouse gas (GHG) emissions can be quantified, traded, and offset.

On 6 August 2026, President Bola Ahmed Tinubu signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, consolidating fiscal incentive measures into a single framework for deep offshore developments. The Order introduces a Supplementary Production Tax Credit and a Profit Oil Reset for qualifying greenfield projects, requiring approval by the Nigeria Revenue Service and compliance with Nigerian content requirements.

The Nigerian Upstream Petroleum Regulatory Commission ("NUPRC") has initiated the 2024 oilfield bid rounds, which encompass twelve (12) oil blocks consisting of six (6)...

Nigeria stands at a critical juncture in its economic history.

The Tripartite contract only becomes binding on all parties upon the approval of the NERC.

Dangote Petroleum Refinery has partnered with US-based Honeywell to expand capacity to 1.4 million barrels per day by 2028, aiming to become the world's largest single-location refinery.

Having satisied all conditions imposed on the licensee and contained in the Oil Prospecting Licence (OPL), and upon commercial discovery of oil, a holder of an OPL was required to obtain an Oil Mining Lease (OML).

Nigeria's oil and gas sector, the mainstay of Nigeria's economy, is still largely governed by the Petroleum Act and the Petroleum Profit Tax (PPT) Act, enacted since 1969 and 1959 respectively.

The Federal Government of Nigeria (FGN) has published the Value Added Tax (Modification) Order, 2021 ("the 2021 Order") in its Official Gazette No. 167, Vol.108 of 21 September 2021.

Shell Plc plans to invest up to $20 billion in the Bonga South West deepwater project following a meeting between Shell's Chief Executive Officer...

In Nigeria today, the power Distribution Companies are faced with several challenges, one of which is electricity theft.

Divestment (or divestiture) is the sale of an interest in an asset or investment. The sale can be 100% or a portion of the interest.

Energy security is a critical component of a nation's sustainable development. Countries around the world strive to find opportunities to better their security architecture and mitigate any vulnerability.

As we stride into the new year, it is important to look back on the opportunities, challenges, and transformations witnessed so far within the oil & gas industry.

The FIRS has recently issued letters to owners, and in some cases, charterers of oil tankers used to export crude oil and LNG from Nigeria in connection with back taxes from 2010-2019.

There are three categories of permits under the OGISP, which a company can obtain.

The Gas Distribution Systems Regulations (2023), set forth by the Nigerian Midstream and Downstream Petroleum Regulatory Authority...