Executive Order 9 of 2026: Implications for Nigeria’s Oil and Gas Sector
On 13 February 2026, President Bola Ahmed Tinubu issued Executive Order 9 of 2026 (“Order”), titled “Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026.” The Order, which took immediate effect, represents one of the most significant fiscal interventions in Nigeria’s oil and gas sector since the enactment of the Petroleum Industry Act (“PIA” or “Act”), 2021.
From Reserves to Renewables: Rethinking Energy Finance Beyond Reserve-Based Lending (RBL)
Over the years, exploration and production (“E&P”) companies have relied on a range of traditional financing mechanisms to fund acquisitions and develop projects. Among these mechanisms, Reserve-Based Lending (“RBL”) has emerged as a distinctive and increasingly utilised financing option within the oil and gas industry.
Nigeria’s 2025 Petroleum Licensing Round: Strategic Takeaways for Upstream Investors
As part of ongoing efforts to advance the
development of Nigeria’s prospective petroleum basins, the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC” or “Commission”) launched the 2025 Petroleum Licensing Round (“Licensing Round”), on December 1, 2025. This marks the third in a series of licensing rounds conducted since the enactment of the Petroleum Industry Act, 2021 (“PIA”) , and covers 50 oil blocks comprising 15 onshore, 19 shallow-water, 15 frontier, and 1 deep offshore.
When Fiscal Reforms Collide: Reconciling The Petroleum Industry Act and The Nigeria Tax Act on Decommissioning and Abandonment Funds
Green Bonds have emerged as a vital instrument for financing sustainability, placing Nigeria at the forefront of Africa’s green finance landscape through innovative issuances and progressive legislation. However, the growing risk of greenwashing highlights the critical need for robust documentation and regulatory compliance. In our latest article, we explore Nigeria’s legal framework for green finance, the challenges posed by greenwashing, and the essential role lawyers play in safeguarding the integrity and credibility of sustainable finance.
Nigerian Insurance Industry Reform Act 2025: What is New? Part 4
Green Bonds have emerged as a vital instrument for financing sustainability, placing Nigeria at the forefront of Africa’s green finance landscape through innovative issuances and progressive legislation. However, the growing risk of greenwashing highlights the critical need for robust documentation and regulatory compliance. In our latest article, we explore Nigeria’s legal framework for green finance, the challenges posed by greenwashing, and the essential role lawyers play in safeguarding the integrity and credibility of sustainable finance.
Key Highlights of the Advanced Cargo Declaration Regime
Green Bonds have emerged as a vital instrument for financing sustainability, placing Nigeria at the forefront of Africa’s green finance landscape through innovative issuances and progressive legislation. However, the growing risk of greenwashing highlights the critical need for robust documentation and regulatory compliance. In our latest article, we explore Nigeria’s legal framework for green finance, the challenges posed by greenwashing, and the essential role lawyers play in safeguarding the integrity and credibility of sustainable finance.
Crude Realities: The Path to Effective Domestic Crude Oil Supply in Nigeria
Crude Realities: The Path to Effective Domestic Crude Oil Supply in Nigeria Nigeria’s dependence on imported petroleum products has been a major economic challenge, costing billions annually. To tackle this issue, enhancing local refining capacity is crucial. The Domestic Crude Oil Supply Obligation (DCSO) aims to ensure a steady supply of crude oil to domestic […]
Nigeria’s Compressed Natural Gas Initiative and the Road to a Million Cars
Nigeria’s Compressed Natural Gas Initiative and the Road to a Million Cars With the recent launch of the Presidential Compressed Natural Gas Initiative (P-CNGi), the Nigerian Government seeks to utilise CNG for transportation and thus targets to launch one million CNG vehicles by 2027. Our Energy Practice Team presents a holistic analysis of the initiative, […]
PETROLEUM INDUSTRY ACT; DEVELOPMENTS AND REGULATORY COMPLIANCE ISSUES
Petroleum Industry Act; Developments And Regulatory Compliance Issues We are well into the second year of implementation of the Petroleum Industry Act 2021 (“Act”), and regulatory activities within the walls of the twin regulators – the Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have accelerated. This March comes […]