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, […]
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 […]
