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 […]
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, […]
Corporate Governance Code for the NESI: Implications for Power Sector Licensees
INTRODUCTION Pursuant to Sections 34 and 226(1) of the Electricity Act 2023 (the “Act”), the Nigerian Electricity Regulatory Commission (“NERC”) published the Code of Corporate Governance for the Nigerian Electricity Supply Industry (the “Code”) on May 30, 2025. The aim of the Code is to promote accountability and transparency of Licensees within the Nigerian Electricity […]
