Legal, Regulatory, and Market Issues Shaping Nigeria’s Ongoing 2025 Petroleum Licensing Round
UUBO OilGas Insights Vol5 2026
Nigeria: Executive Order 9 of 2026 on Oil & Gas Revenues – Key Directives and Regulatory Implications
On 13 February 2026, President Bola Ahmed Tinubu issued the Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026 (Executive Order 9 of 2026). In this regulatory update, Folake Elias-Adebowale, Anjolaoluwa Shittu and Ifunanya Chinwuba of Udo Udoma & Belo-Osagie’s Oil & Gas team summarise the Order’s key directives on petroleum revenue remittances, specified statutory […]
Putting out the flare: diligence, structuring, implementation and enforcement under the Nigerian Gas Flare Commercialisation Programme (NGFCP)
Nigeria has had rules against routine gas flaring since 1979. What’s changing now isn’t the rulebook, it’s the architecture around it: – 28 NGFCP permits issued in December 2025; ~170,000 t/yr LPG, ~3 GW of power potential; -gas sales agreements signed; -a tougher MRV directive in April 2026; and -a clearer commercial path that turns […]
WHEN IS A RIG NOT A VESSEL?
When is a drilling rig not a vessel under Nigeria’s Cabotage Act? For over a decade, stakeholders in Nigeria’s offshore petroleum sector have grappled with this question. In this update, Folake Elias-Adebowale, Mesuabari Mene-Josiah, Ibrahim Isah, and Oluseun Olayiwola of UUBO’s Oil & Gas and Disputes Teams assess the Supreme Court’s definitive, text-driven decision in […]
Oil and Gas Update 2026: A Strategic Reset for Nigeria’s Upstream Sector
Islamic Finance News Names Qatar Islamic Bank’s UUBO-Advised $500 million Murabaha Financing IFN Nigeria Deal of the Year 2025 and the IFN Cross Border Deal of the Year
Islamic Finance News (IFN) has named Qatar Islamic Bank’s $500 million Murabaha financing provided to Shoreline Natural Resources Limited as the IFN Nigeria Deal of the Year 2025 and the IFN Cross Border Deal of the Year. The transaction has also been shortlisted for the IFN Overall Deal of the Year 2025 Award. Udo Udoma […]
UDO UDOMA & BELO-OSAGIE CONTRIBUTES NIGERIA CHAPTER IN THE BOWMANS AFRICA M&A GUIDE AND 2026 FORECAST
Nigeria continues to attract strategic and institutional capital as FX reforms, regulatory developments and evolving enforcement standards reshape transaction execution. Folake Elias-Adebowale and Etido David, with contributions from Precious David, Praise Darego, Chidinma Anuforo and Yaknse Ekanem of UUBO’s Mergers & Acquisitions team, have contributed the Nigeria chapter to the Bowmans’ Annual Africa Mergers & […]
SEC’s New Capital Regime – Differentiated Treatment of PE & VC Managers and Market Implications
Following our first update on the SEC’s revised capital framework for private capital managers, this second note focuses on the differentiated treatment of private equity and venture capital fund managers and the implications for Nigeria’s private capital ecosystem. We examine how the new thresholds may affect market entry, innovation, consolidation and platform-building, and what fund […]
UUBO Private Equity and Venture Capital Market & Regulatory Update – No. 1 (2026)
Regulatory expectations for private equity and venture capital managers in Nigeria are shifting materially. The Securities and Exchange Commission has revised minimum capital requirements across key fund management categories, with significant implications for licensing strategy, fund structuring and market participation. Tap on the image below to read our Private Equity & Venture Capital Team outlines […]
UUBO’S PRIVATE EQUITY PRACTICE RANKED TIER 1 BY IFLR
We celebrate the Tier 1 ranking accorded to Udo Udoma & Belo-Osagie in the IFLR’s dedicated 2025 Nigeria Private Equity rankings. This recognition reflects our market leading Private Equity & Venture Capital team’s strong track record in complex transactions, fund structuring, regulatory compliance, and transaction advisory mandates across diverse industries and sectors – where appropriate, delivered in collaboration with our other specialist […]