Upstream Petroleum Fees and Rents (Temporary) Extension Regulations 2026
The Nigerian Upstream Petroleum Regulatory Commission (the “Commission”) previously issued the Upstream Petroleum Fees and Rents (Temporary) Regulations, 2025 (the “2025 Regulations”). The 2025 Regulations were designed to operate for an initial period of six months, with a possibility of extension for a further six months, subject to the approval of the Minister. Following […]
The Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026 – Commentary by Tope Adebayo, Senior Partner, Tope Adebayo LP
On February 13, 2026, the President of the Federal Republic of Nigeria signed Executive Order 9 of 2026 (“the Order”) pursuant to Section 5 of the Constitution of the Federal Republic of Nigeria 1999 (as amended) (“ the Constitution”). The order mandates direct remittances of all Royalty Oil, Tax Oil, Profit Oil, Profit Gas, and […]
Nigeria 2025 Licensing Round
On November 11, 2025, the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC” or the “Commission”) announced that Nigeria’s 2025 Licensing Round will commence on December 1, 2025. The announcement was made by the Commission’s Chief Executive, Engineer Gbenga Komolafe, at the 1MMBOPD Additional Production Investment Forum in London. The licensing round focuses on discovered but undeveloped […]
Order on the Mandatory Implementation of Free Governor Control (“FGC”) in the Nigeria Electricity Supply Industry
Introduction On August 26, 2025, the Nigerian Electricity Regulatory Commission (“NERC”), pursuant to Section 34 of the Electricity Act (the “Act”), issued the Order on the Mandatory Implementation of Free Governor Control (the “Order”), which took effect from September 1, 2025. In this Newsletter, we examine key highlights of the Order. Purpose According to NERC, […]
2026 Mid-Year Report on the Nigerian Oil and Gas Industry
Introduction The Nigerian oil and gas industry entered 2026 on the back of a particularly active 2025, which was characterised by major Final Investment Decisions (FIDs), the completion of the 2024 licensing round and commencement of the 2025 licensing round, an unprecedented rise in rig activity, and the announcement of several significant transactions across the […]
2026 Mid-Year Nigeria Power Sector Report
Introduction The Nigerian Power Sector continued to witness significant regulatory, institutional, and market developments during the first half of 2026. Despite these developments, the Sector continues to grapple with longstanding structural challenges that undermine its operational efficiency and financial sustainability. As highlighted in our 2025 End-of-Year Nigeria Power Sector Report, the persistent liquidity crisis driven […]
Nigeria Upstream Petroleum Decommissioning and Abandonment Regulations 2026
The Nigerian Upstream Petroleum Regulatory Commission (the “Commission”) has issued the Nigeria Upstream Decommissioning and Abandonment Regulations, 2026 (the “2026 Regulations”), repealing the Nigerian Upstream Petroleum Decommissioning and Abandonment Regulations, 2023 (the “2023 Regulations”), with effect from 9 March 2026. While the 2023 Regulations established the foundational framework for Decommissioning and Abandonment (“D&A”) obligations […]
