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 […]
Nigerian Corporate Transaction Regulation and Governance
Introduction Nigeria entered 2026 with stronger underlying momentum in its non-oil economy, but within a more structured and increasingly regulated business environment. Data Published by the National Bureau of Statistics shows real GDP growth of 4.07% in Q4 2025, with the non-oil sector contributing over 97% of total output. Agriculture remained the largest contributor at […]
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 […]
