The Consent Regime for Mergers, Acquisitions and Divestments in Nigeria’s Midstream and Downstream Petroleum Sector: What is New?

Mergers, acquisitions, and divestments within Nigeria’s midstream and downstream petroleum sector have historically encountered delays in closing due to the absence of a well-defined and comprehensive regulatory framework.

With the recent issuance of the Assignment or Transfer of Licence and Permit Regulations, 2023 by the Nigerian Midstream and Downstream Petroleum Regulatory, the midstream and downstream petroleum sector can now boast of a comprehensive consenting framework for M&A transactions in this sub-sector.

In this publication, TEMPLARS Partner, Yemisi Awonuga and Associate, Damilola Oshodi analyse the scope of the new Regulations and its implications on potential M&A transactions within this sub-sector of Nigeria’s petroleum industry.

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