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Nigeria's upstream regulator has issued a critical enforcement circular targeting holders of Petroleum Prospecting Licences awarded in three recent licensing rounds. The circular activates drill-or-drop provisions under the Petroleum Industry Act 2021, creating immediate compliance obligations and potential forfeiture consequences for licensees who have not met their minimum work programme commitments.

2025 was a year of recovery for Nigeria's economy following the ambitious reforms of the Nigerian government, and the capital market played a key role in driving that progress.

In our digitally driven world, where the internet is a cornerstone of commerce, communication, and information dissemination, cybersquatting has emerged as a serious threat.

The Nigeria Upstream Decommissioning and Abandonment Regulations 2026 establish comprehensive requirements for oil and gas operators, including immediate filing deadlines, dedicated funding mechanisms, and lifecycle planning obligations. These regulations create significant governance, compliance, and transaction implications for operators, investors, and lenders in Nigeria's upstream petroleum sector.

UUBO is pleased to have successfully represented KCA Deutag Drilling GMBH and KCA Deutag (Nigeria) Limited in Appeal No. SC/684/2023: Pan Ocean Oil Corporation (Nigeria) Limited v. KCA Deutag Drilling GMBH and KCA Deutag (Nigeria) Limited ...

On 29th March, 2025, the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, signed the Investment and Securities Act 2025 (the "ISA 2025") into law.

In Nigeria's evolving business landscape, upholding integrity is critical to achieving sustainable economic development. Corporate ethics form the cornerstone of this aspiration, as businesses that pay lip service...

The Companies and Allied Matters Act Laws of the Federation of Nigeria 2004 was initially made law in Nigeria in 1990 as a decree of the military government.

Against this background, some of the significant innovations of the Bill are highlighted below.

The Securities and Exchange Commission has issued Circular No. 26-1 dated 16th January 2026, revising the minimum capital requirements applicable to regulated capital market entities in Nigeria.

In the mining and extractive industry, the potential return on investment often intersects with the rights of local landowners and communities.

As the global business environment becomes more complex each day, corporate entities in Nigeria are facing increased scrutiny from law enforcement agencies now than ever before.

The decision of the Nigerian Supreme Court in the case of Bureau of Public Enterprises v. Messrs U. Maduka Ent. (Nig.) Ltd represents an important watershed in Nigerian arbitration jurisprudence.

This is the second series of our analysis of the Securities and Exchange Commission's ("SEC") Rules on Issuance, Offering Platforms and Custody of Digital Assets (the "Rules").

Digital advertising has become central to brand visibility and market engagement across sectors. Increased reliance on social media...

In 2018, Udo Udoma and Belo-Osagie ("UUBO") launched its flagship initiative, the annual UUBO Investigations, Compliance, and Ethics (I.C.E.) Summit

The Central Bank of Nigeria has issued new guidance clarifying that suspensions of payment obligations and termination rights under financial contracts involving Nigerian banks will not exceed two business days. This interpretative circular addresses a critical gap in the Banks and Other Financial Institutions Act, 2020, providing certainty for counterparties trading derivatives, repos, and other financial instruments with CBN-regulated institutions.

The Central Bank of Nigeria has launched Cohort 2.0 of its Regulatory Sandbox Programme, introducing two specialized tracks for testing innovative financial solutions. The VASP Track focuses on virtual assets and stablecoins, while the Non-VASP Track covers data-enabled financial services including Open Banking and payment initiation. Applications are open from August 12-31, 2026, offering eligible innovators a controlled environment to test their products under CBN supervision.