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 […]
Regulating Off-Plan Real Estate in Nigeria: Comparative Insights and Reform Options
Off-plan property acquisitions have become an increasingly popular feature in Nigeria’s real estate market. The commercial appeal is clear. Buyers commit to today’s price for properties yet to be constructed, often paying a significant portion, or sometimes the entire purchase price, upfront, in anticipation of delivery of a completed asset that will have appreciated by […]
Policy Brief: Nigerian Insurance Industry Reform Act, 2025 (NIIRA 2025)
INTRODUCTION On 5 August 2025, the President of Nigeria signed into law the Nigerian Insurance Industry Reform Act, 2025 (NIIRA 2025). This landmark legislation repeals the Insurance Act, 2003, and consolidates related provisions, ushering in a modern regulatory framework designed to strengthen financial resilience, improve market conduct, enhance governance, and protect policyholders. It aligns Nigeria’s […]
Key Achievements and Challenges of the Nigerian Extractive Industries Transparency Initiative (NEITI)
INTRODUCTION Nigeria ranks as the 15th largest oil producer globally and the leading producer on the African continent. It also holds the largest proven natural gas reserves in Africa. The oil and gas sector constitutes the backbone of the Nigerian economy, reportedly accounting for approximately 65% of government revenue and over 85% of total export […]
