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 The Act in addition to other provisions, revoked and repealed the Electricity Power Sector Reform Act (EPSRA) 2005.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, […]
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 […]
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 […]