Bloomfield LP's Energy Practice brings you highlights of interesting energy developments in Nigeria February 05, 2024.

The second quarter of 2024 for Nigeria's energy sector demonstrated both resilience and ongoing challenges. Despite a decline in crude oil production due to infrastructure issues...

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.

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.

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

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 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.

The bilateral power contracts introduced by NERC to aid the direct sale of power from Generation Companies to Distribution Companies may be challenged by the liquidity challenges faced by most of the DisCos.

Renewable energy deals with power generation from resources such as solar, wind, biomass, and hydropower, etc.

Nigeria's electricity regulator has published updated Mini-Grid Regulations that significantly expand capacity thresholds, streamline administrative processes, and introduce risk-based environmental compliance frameworks. These reforms aim to transform mini-grids from peripheral infrastructure into central components of Nigeria's electrification strategy, addressing access gaps in unserved and underserved communities while enabling commercial-scale power generation.

The FGN, recently refuted reports that it was set to privatise TCN. The Special Adviser to the Minister of Power, Mallam Isa Sanusi, stated in a recent publication, that reports claiming that TCN...

Critical minerals have emerged as the foundation of modern economies in an era of technological transformation and clean energy transition.

Streamsowers & Köhn's Ibukun Konu sheds some light on how the recent passing of revolutionary new legislation looks set to generate a boost in the use of renewable energy in Nigeria's future.

Power, regardless of its source, remains a critical factor for economic and industrial development in any country.

Renewable energy is made from resources mother-nature can replace like water, wind and sunshine. They are the best alternative sources of energy as they do not affect climate change neither do they cause environmental pollution.

In furtherance of the provisions of the Electricity Act, 2023, on December 3, 2024, the Lagos State Government passed the Lagos State Electricity Bill, 2024 into law (the "Law"). This new Law repeals the Electric.

Nigeria's current petrol price crisis is a glaring paradox. As Africa's largest crude oil producer, with daily output approaching 1.5 million barrels, the country finds itself in the grip of a domestic fuel emergency...

Electricity access remains a crucial challenge in Nigeria, considerably impacting the country's economic development, education, healthcare, and overall quality of life.

The fourth quarter of 2025 marked a defining period for Nigeria's energy sector, shaped by upstream portfolio realignments, deeper implementation of the Petroleum Industry Act (PIA), and tangible progress...

The Nigerian Government will implement a 5% surcharge on fossil fuel products, such as gasoline and diesel.