Nigeria: Energy Law

Nigeria's Oil & Gas Tax Revolution examines the transformative fiscal changes introduced by the Nigeria Tax Act, 2025, and their impact on the existing Petroleum Industry Act framework. The analysis explores how these new tax provisions reshape the regulatory landscape for oil and gas operations in Nigeria, affecting both domestic and international stakeholders in the energy sector.

Decarbonisation is no longer a distant climate ambition. It is now shaping legal frameworks, regulatory expectations, and investment decisions across energy-producing jurisdictions.

The Nigeria Tax Act, 2025 (“NTA”) introduces a recalibrated incentive framework aimed at attracting investment and driving growth across Nigeria’s petroleum sector.

Grid electricity supply remained constrained throughout 2025. Despite installed generation capacity in excess of 13,000 MW, according to NERC data, average daily generation remained under 5000 MWh/h in 2025. This significant gap between installed capacity and delivered power continued to be driven by gas supply constraints and transmission bottlenecks.

On 25th March, 2026, the Central Bank of Nigeria ("CBN") issued a circular titled "Removal of Cash Pooling Requirement for International Oil Companies (IOCs)" (the "2026 Circular")...

This update highlights recent regulatory and market developments in Nigeria's power sector, including the proposed establishment of the Grid Asset Management Company Limited...

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it is in advanced discussions with a Chinese petrochemical company over an equity partnership to revive one of its underperforming refineries.

The Nigeria 2025 Upstream Petroleum Licensing Round is underway and is gaining significant traction as the registration deadline approaches. The bid round offers 50 petroleum prospecting licenses (PPLs) across frontier, onshore, shallow water, and deepwater terrains.

This update provides an overview of recent key regulatory and market developments in Nigeria's power sector. Recent developments include continued legislative activity on the Electricity Act (Amendment)...