21st July 2025
M&A, Restructuring, Creating and Enforcing Security Under Nigeria’s Upstream Petroleum Regulations
During the last round of upstream divestments by IOCs, about US$5 Billion of assets were changing hands when the Nigerian Upstream Petroleum (Assignment of Interests) Regulations, 2024 (the “Regulations”) were introduced. TEMPLARS advised on 4 of those 5 transactions.
Based on market feelers, we are expecting a significant uptick in upstream activity over the next 6-18 months: M&A, Restructuring & Financings (Debt, Equity & Mezzanine).
TEMPLARS Partner, Dayo Okusami and Associate, Collins Chukwuonye examine the practical impact of the Regulations on future transactions, including a broadened definition of “change in control,” new consent requirements for internal restructurings, taking and enforcement of security and a revised fee regime.
Related posts
3 July 2025
Regulation of Drone Use in Nigeria: The Road Ahead
As drone technology continues to gain global traction, Nigeria’s drone industry is experiencing rapid growth. However, in contrast to jurisdictions such as the US, UK and Ghana, Nigeria’s 2023 Civil Aviation Regulations remain limited in scope.
2 July 2025