Newsletters

The Nigerian tax landscape is on the brink of transformation with four key tax reform bills currently under review. From tax harmonization to revenue administration and dispute resolution, these bills aim to simplify processes, attract foreign investment, and strengthen the...

The 2024 Domestic Base Price (DBP) for natural gas reflects a significant milestone in Nigeria’s efforts to drive investment in the energy sector while addressing market realities. Our newsletter provides insight into the key provisions of the pricing framework, its...

The Lagos State Electricity Law marks a significant step towards decentralizing Nigeria’s electricity market, empowering the state to take full regulatory control. With NERC’s recent Transfer Orders, Lagos now has the autonomy to shape its intrastate electricity supply and...

The Corporate Affairs Commission (CAC) recently announced its intention to commence the enforcement of the Persons with Significant Control (PSC) Regulations 2022 and mandated Limited Liability Companies, Limited Liability Partnerships and other corporate entities to ensure...

The primary rationale for imposing the windfall tax on Nigerian banks arises from the substantial foreign exchange gains these institutions have realized due to the depreciation of the Naira. This newsletter examines the government's objectives, explores the potential impact of...

This newsletter provides insight into exit of Nigerian Bulk Electricity Trading Plc. (“NBET”) from the Nigerian Electricity Supply Industry (“NESI”) which creates a bilateral contract market arrangement, as well as reviews the Nigerian Electricity Regulatory Commission’s...

Further to the Paris Agreement, a legally binding international treaty on climate change adopted by one hundred and ninety-six (196) parties at the UN Climate Change Conference in Paris, on 12th December 2015 (COP21), countries and their institutional Banks have begun...

The Nigerian Electricity Regulatory Commission (NERC) is ramping up efforts to ensure adherence to regulations within the country's power sector. In response to concerns about compliance, NERC is intensifying its scrutiny of power sector licensees. This move is aimed at...

The Central Bank of Nigeria (“CBN”) recently introduced notable changes to the Foreign Exchange (“FX”) market regime in Nigeria, through a circular titled: ‘Operational Changes to the Foreign Exchange Market’ (the “Circular”). In this article, we highlight some of the notable...

In recent times, legislative actions have been taken to reshape the Nigerian Electricity Supply Industry (“NESI”) with a view to realign post-privatisation issues and expectations of stakeholders in the NESI. On 17th March, 2023, the Constitution of the Federal Republic of...

The 27th session of the Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change (UNFCCC) brought together world leaders to discuss issues related to climate change, with a focus on food security, water security, climate finance, energy...

In 2016, the Nigerian Electricity Regulatory Commission (“NERC”) issued the Regulation for Mini-grids of that year (the “Mini-grid Regulations”) in line with the powers conferred on it by the Electric Power Sector Reform Act 2005 (“EPSRA”) to make regulations. The Mini-grid...