Nigeria's oil sector reforms edge closer to law
The framework for investments in Nigeria may be about to change. But as ever, there are complications
Nearly two decades after Nigeria first constituted a panel to commence deliberations on oil industry reform, the country is on the verge of passing legislation that could help unblock long-stalled major investment in its most lucrative economic sector—if the president can be brought onside. After more than a year of deliberation, the first stage of the current version of the legislative reform package, the Petroleum Industry Governance Bill (PIGB), has been passed by the National Assembly—comprised of the Senate and House of Representatives. It has since been passed on for final assent by President Muhammadu Buhari. Yet, Buhari was still to approve the PIGB in early June, several weeks after
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
