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 […]
The Doctrine of Competence-Competence in the Evolving Landscape of Arbitration
Introduction Arbitration has long been recognized as the preferred dispute resolution mechanism in international commerce. Parties from different legal systems often turn to it because it promises what domestic courts frequently cannot, to wit: speed, procedural flexibility, independence from national biases, amongst others. These attributes have established arbitration as a cornerstone of global commerce, assuring […]
Assignments Under the Petroleum Industry Act: Investor Considerations from Upstream to Downstream PART 1
Over the years, Nigeria’s oil and gas industry has experienced a wave of divestments, as several international oil companies step back from certain assets, creating more space for indigenous players, particularly in the upstream sector. In the same vein, indigenous companies have been known to assign or transfer part of their interests in oil and […]
Strengthening Climate-Responsive Institutions: Legal Innovations for Sustainable Development in Flood-Prone Lagos
Flooding remains one of the most damaging and recurrent climate-related hazards worldwide, and its frequency is projected to rise due to climate change, sea-level rise, and rapid urbanization. The Intergovernmental Panel on Climate Change (IPCC, 2022) warns that intensified rainfall events and coastal surges will significantly increase flood risks for low-lying cities, particularly in developing […]
Analysing Ondo State’s $50 Billion Refinery Ambition
In July 2025, Backbone Infrastructure Nigeria Limited (BINL) signed a Memorandum of Understanding (MoU) with the Ondo State Government, executed through the Ondo State Investment Promotion Agency (ONDIPA), to develop a large-scale refinery and free trade zone in the State. The project which is to be located in Ilaje Local Government Area, is expected to […]
Nigeria’s Solar Mini-Grid Surge: A Blueprint for Emerging Markets?
Dear Readers, On September 9, 2025, United Capital Infrastructure Fund (UCIF) announced the signing of a $3.2 million dollars (approximately N5 billion naira) revolving credit facility with Nigeria’s leading clean energy company, Husk Power Energy Systems Nigeria Limited (Husk Power) at the Africa Climate Summit (ACS) in Addis Ababa. This landmark transaction stands as the […]
How Real Estate Investment Schemes Are Reshaping Nigeria’s Property Market and Creating New Opportunities for Investors
INTRODUCTION Many Nigerian investors today face a vast and diverse financial market, filled with numerous options such as stocks, bonds, mutual funds, and derivatives. With so many choices available, determining the most suitable investment can be challenging. Each product carries its own set of risks, potential returns, and detailed terms that require careful consideration. Historically, […]
How the Nigerian Tax Reform Saves You More Money
INTRODUCTION This article analyses the key provisions of the Nigeria Tax Act 2025 (the NTA or the new Act) relating to levies, tax incentives, and repeal/savings provisions. 1. One Levy to Replace Many: The 4% Development Levy We can now say goodbye to multiple contributions. The new Act consolidates the Tertiary Education tax, Information Technology […]
Unlocking Stranded Gas: Why the Gulf of Guinea Gas Pipeline Matters for Nigeria’s Energy Future
Dear Readers, Nigeria, with over 210 trillion cubic feet of proven natural gas reserves, the largest in Africa and the eighth largest globally, still struggles to fully harness this wealth, as inadequate pipeline infrastructure leaves much of the gas stranded. Against this backdrop, the recent Joint Communiqué signed in June between Nigeria and Equatorial Guinea […]
Dirty Money, Clean Hands: Navigating AML/CFT Regulations for Nigerian Lawyers
INTRODUCTION The plague and scourge of illicit financial transactions have, over time, caused significant damage to the world at various points in history. Particularly concerning are financial and drug crimes, terrorist activities, and the proliferation of weapons of mass destruction. The nature of this issue is such that the global community has agreed that measures […]
