Insights, Energy & Natural Resources, Oil and Gas

Assignments Under the Petroleum Industry Act: Investor Considerations from Upstream to Downstream Part 2

In Part 1 of this article series, we examined the regulatory framework governing the assignment of interests in Nigeria’s upstream oil and gas sector under the Petroleum Industry Act (PIA). We highlighted the types of transactions that require ministerial consent, those that do not, the fees involved, and the consequences for non-compliance.

A solid understanding of these requirements enables investors to structure transactions that are commercially sound, legally compliant, and aligned with long-term strategic objectives.

In this second part, we focus on the regulatory framework for assignments in the midstream and downstream sectors and conclude with a comparative analysis of how the rules differ across the upstream and midstream/downstream segments.

To read the full article, kindly download the PDF

Aderemi Ogunbanjo

Partner

Sandra Osinachi-Nwandem

Senior Associate

Olawunmi Abiola

Senior Associate

Eyitayo Ajisafe

Associate

Oluwanifemi Alade

Associate

Practice Key Contacts

More To Read

30/07/2026
Building on Series I: Federal Government Set to Issue ₦729 Billion Series II Bond to Deepen Liquidity Restoration in Nigeria’s Power Sector

Dear Readers,   Nigeria’s efforts to restore financial stability in its electricity sector have entered a new phase. Following the successful issuance of the ₦501

30/07/2026
2026 Mid-Year Nigeria Mining Sector Report

Nigeria’s solid minerals sector enters the second half of 2026 at a defining juncture. The 2016 Mining Roadmap has concluded its ten-year mandate, sector revenues