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 […]
Deal Announcement
We are pleased to announce that the Finance and Projects team at Tope Adebayo LP advised Integrated Projects Limited on the landmark student housing PPP project for Lagos State University involving the development of 1,500 purpose-built student bedspaces. The transaction was led by Partner, Ifeoma Ezeribe, with key support from Senior Associate, Philip Francis, […]
Revenue of the Federation and Constitutional Jurisdiction: Reassessing the Supreme Court in A.G., Abia State & Ors. V. A.G., Federation
The term “revenue of the Federal Republic of Nigeria” (in précis, “revenue of the Federation”) encompasses all sums standing to the credit of all the federating units of the federation and liable to be paid into the Federation Account. Guided by the principle of the common good, the revenue of the Federation is held in […]
The Nigerian Overnight Financing Rate – A Turning Point for Nigerian Financial Markets
In a bid to align the Nigerian financial market with global standards and strengthen the efficiency of its financial market infrastructure, the Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), introduced a new benchmark reform known as the Nigerian Overnight Financing Rate (NOFR). At its core, the NOFR […]
Holding the Line: A Practical Guide to Contempt Proceedings in Nigerian Courts Vol.1
Introduction After years of protracted litigation, repeated adjournments, and considerable legal expense, a litigant finally obtains a favourable judgment, positive order, or ruling from a court of competent jurisdiction. The litigant holds the Certified True Copy (CTC) of the court’s decision, relieved that justice has been served – but then the Nigerian reality sets in. […]
Technology Transfer in Nigeria’s Oil and Gas Industry: Compliance, Gaps, and Practical Solutions
Introduction Technology transfer is the sharing or disseminating of knowledge, skills, methods, technologies, equipment, intellectual property or innovations from one entity (often a foreign company, university or research institution) to another (often a local company, country, or individual) enabling the recipient to use, adapt, and apply it independently to foster innovation, economic development and improved […]
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 […]
The Nigeria Mining Sector- 2025 End-Of-Year Report
INTRODUCTION The year 2025 marks a historic inflexion point for Nigeria’s mining and solid minerals sector. It is the final year of the 10-year implementation horizon set by the 2016 Mining Roadmap (“the Roadmap”) and, at the same time, the foundation year for a new, more targeted policy era anchored on energy transition and critical […]
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 […]
