Nigerian Upstream Petroleum Operations (Cost Efficiency Incentives) Executive Order, 2025
INTRODUCTION On May 29, 2025, President Bola Ahmed Tinubu signed the Nigerian Upstream Petroleum Operations (Cost Efficiency Incentives) Order, 2025 (the “Order”), which has a retroactive commencement date of April 30, 2025. This Order aims to tackle one of the most persistent challenges in the upstream sector: excessive and inefficient operating costs. Nigeria’s upstream operations […]
The Written Words that Cannot Testify: Legal Limits to Extra-Judicial Statements of a Witness
Introduction In the heart of Nigeria’s criminal justice system lies a troubling paradox that continues to undermine the integrity of police investigations and the prosecution of crimes. This paradox is the persistent and habitual reliance by law enforcement agencies, particularly the Nigerian Police Force, on extrajudicial statements of witnesses obtained during investigations, which are subsequently […]
The Mini-grid Regulations 2023: Addressing Stakeholders’ Concerns
Towards achieving vision 30:30:30 through the increased penetration of mini-grids in Nigeria, the Nigerian Electricity Regulatory Commission (NERC or the “Commission”) published a consultation paper in August 2022 calling for recommendations on its proposed amendment of the 2016 Mini-Grid Regulations (the “2016 Regulations”). Amongst the various proposals put forward by stakeholders in response to this call […]
End-of-Year Report on the Nigerian Gas Industry and Investment Projections for 2025 and Beyond
INTRODUCTION In our 2024 Mid-Year Report, we reviewed progress under Nigeria’s Decade of Gas policy, major investments, infrastructure development and divestments in the sector by oil majors, the Federal Government of Nigeria’s (FGN) efforts to boost investments through the 2023-2030 Drilling Campaign and Deep-Water Projects, and the funding sources driving these developments. We also highlighted […]
Energy and Natural Resources Report Volume 1
While Energy Transition is not a recent phenomenon, its global momentum and prominence have notably surged since the adoption of the Paris Agreement at COP 21 in 2015. Faced with the pressing challenges of climate change, the Paris Agreement received widespread acceptance from majority of nations around the world and has culminated in the introduction […]
The Legal Advisor
Ring in the New Year with Insight! Welcome to the inaugural issue of “The Legal Advisor” by Tope Adebayo LP, your go-to resource for everything in Corporate and Commercial Law! This 2024 kick-off edition dives deep into the groundbreaking trends revolutionizing M&A, SPACs, ESG investing, and Innovative Financing. Get the inside scoop on what’s shaping […]
Nigeria’s Renewable Energy Potential: A Closer Look at the Nigerian Electricity Act 2023
On the 8th of June 2023, the Electricity Act was signed into law by the President of the Federal Republic of Nigeria. The Act in addition to other provisions, revoked and repealed the Electricity Power Sector Reform Act (EPSRA) 2005. The new Act aims to establish a thorough legal and institutional structure for the Nigeria […]
Dispute Resolution Newsletter – 2024
Dispute is almost inevitable in every human relation. It is in recognition of this that modern societies have established systems of dispute resolution and evolved rules that make dispute resolution both efficient and effective. Disputes may be resolved by way of litigation or any other alternative system, chief of which is arbitration. In this newsletter, […]
Fuelling Nigeria’s Future: A Roadmap for Domestic Gas Pricing And Regulation (Part 2)
Introduction In Part 1 of this article series on Nigeria’s evolving gas pricing mechanism, we discussed the foundational principles guiding Domestic Base Pricing (DBP) in Nigeria’s domestic gas market. We also analysed the natural gas pricing framework overseen by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (“the Authority”), as well as the pricing frameworks […]
Implementation Framework and Potential Implications of the Domestic Crude Supply Obligations (“DCS0”)
INTRODUCTION While reiterating commitment to the development of the domestic crude oil market driven by willing buyer-willing seller arrangements, the Petroleum Industry Act 2021 (“PIA”) permits the imposition of Domestic Crude Oil Supply Obligations (“DCSO”) by the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC” or the “Commission”) on lessees of upstream petroleum operations (“lessees”) towards enhancing local […]
