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This has also seen a shift in focus by most affected businesses towards renewable energy solutions, though limited by the initial cost of uptake.

The year 2023 marked a decade, post-privatization of the power sector and witnessed significant legislative milestones which began with the enactment of the Constitution of the Federal Republic of Nigeria...

In a bid to discourage meter tampering and reduce collection losses to electricity distribution companies, NERC has issued the NERC Order on Unauthorised Access, Meter Tampering and By-Pass.

The Nigerian economy is heavily dependent on the oil and gas sector. The sector accounts for about 65% of government revenue and 88% of the nations export earnings

The recent drop in global crude oil price and the persistent efforts of the Federal Government of Nigeria to diversify her economy and move away from overreliance on the oil and gas sector have made Nigeria a fertile ground for investments.

In July 2025, Backbone Infrastructure Nigeria Limited (BINL) signed a Memorandum of Understanding (MoU) with the Ondo State Government, executed through the Ondo State...

Nigeria is largely known as a net exporter of crude oil, but another cash cow is usually not mentioned: the export of non-oil commodities that present opportunities for investors.

The Nigerian government has introduced a comprehensive tax incentive framework through the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, establishing three distinct production tax credit mechanisms designed to stimulate investment in deep offshore petroleum developments.

The Tribunal also held that Petroleum Investment Allowance ("PIA") should not be considered as part of allowances in computing the ‘residue’ for balancing charge.

Value added tax (VAT) is a multistage consumption tax, which is charged and payable on the supply of all goods and services.

Nigeria's energy sector experienced significant turbulence in Q1 2026 as geopolitical conflict in the Middle East drove crude oil prices from $74 to over $110 per barrel, forcing domestic petrol prices to surge above N1,175 per litre. The quarter revealed both the stabilizing potential of domestic refining capacity and persistent vulnerabilities across upstream production, power grid infrastructure, and downstream fuel markets.

Without a doubt, the more pertinent issue remains the continued stability of the financial system in spite of the current state of the economy.

The Tax Appeal Tribunal (TAT) has ruled in favour of the Federal Inland Revenue Service to levy withholding tax on dividends paid out of gas profits by upstream petroleum companies.

Prior to the outbreak of the COVID-19 pandemic in Nigeria, the Nigerian power sector had been enmeshed in lingering challenges of inadequate and obsolete power generation, transmission and distribution facilities.

The Executive Order issued by President Bola Ahmed Tinubu on 13th February 2026 must be examined within the constitutional framework governing petroleum resources and public revenue.

The Federal High Court, sitting in Yenagoa, recently delivered its judgment in a case between The Incorporated Trustees of the International Association of Drilling Contractors, Nigeria ...

The Ministry of Petroleum Resources has released a draft fiscal policy for Nigeria's petroleum industry. This is a fall out of the Ministry's roadmap tagged "7 Big Wins" for the petroleum industry...