Whilst the reform in the Nigerian Electricity Supply Industry (“NESI”) is being deepened, the discontent between the Distribution Companies (“Discos”) and the Nigerian Electricity Consumers ov...
Recent Order on the Capping of Estimated Bills in the Nigerian Electricity Supply Industry: A Timely Regulatory Scale-Balancing Order – Peter Olalere
For a vertically integrated Nigerian Electricity Supply Industry (“NESI”) where the generation, transmission and distribution companies operate as a monopoly in their respective areas of license, ...
COVID 19 Pandemic Impacts Full Revenue Recovery Plans As Order On The Transition To Cost Reflective Tariffs In The Nigerian Electricity Supply Industry Is Issued
The Nigerian Electricity Regulatory Commission (“NERC” or “the Commission”) had planned by its December 2019 Minor Review of Multi-Year Tariff Order of 2015 and Minimum Remittance Order for th...
The Powers of the Minister of Petroleum Resources where an Oil and Gas Asset or Interest Holder becomes Insolvent [Part 4] – Peter Olalere
Where an interest holder becomes insolvent, the Minister of Petroleum Resources generally does not have the power to terminate the licence or lease except where the insolvency has led to a breach of a...
A Comparative Analysis of Insolvency Issues in respect of Oil and Gas Assets in Other Jurisdictions Similar to Nigeria [Part 5] – Peter Olalere
In this part of the paper, the focus is on a comparative review of the laws and practice of other petroleum producing jurisdictions similar to Nigeria in terms of ownership structure, resources sharin...
Recommendations for Addressing Identified Issue(s) in Insolvency of an Oil and Gas Asset Holder in the Nigerian Petroleum Industry [Part 6] – Peter Olalere
From the laws, regulations and guidelines reviewed in part one, the practice of raising finance for the assets and fields in Nigeria in part two, the case study in part three, the powers of the Mini...
Case Study of an Insolvent Oil and Gas Asset Holder in the Nigerian Petroleum Industry: Matters Arising [Part 3] – Peter Olalere
INTRODUCTION: The 2 recent cases which highlight the issues arising in the transfer, assignment and acquisition of interests in oil and gas assets in Nigeria induced by insolvency are the cases of ...
Raising Finance to develop the Petroleum Asset/Field in Nigeria: Can the Petroleum underground be charged? [Part 2] – Peter Olalere
The financiers will usually use different Finance Structuring Tools by way of various back to back agreements, one or some of which give(s) the financier the right, authority and option of taking over...
Insolvency of an Oil and Gas Asset Holder in the Nigerian Petroleum Industry: Matters Arising [Part 1] – Peter Olalere
Introduction: It is well known that transactions and projects in the oil and gas industry are capital intensive. Thus, stakeholders usually pool resources together to execute projects in the indust...
The Current Discontent between the Discos and Nigerian Electricity Consumers over Non-Compliance with the Performance Agreement on Metering – Peter Olalere
Introduction: Recently, 3 persons who are close to the writer shared their respective experiences with their electricity distribution companies (Discos) concerning lack of electricity meters or la...