The third quarter delivered a defining fintech judgment, a wave of upstream oil-and-gas activity, and the largest public offer in Nigeria's history.
In July the Federal High Court in Lagos dismissed WASPAN's challenge and upheld the FCCPC's DEON digital-lending Regulations, allowing enforcement to resume. The association has since appealed, so the boundary between FCCPC and NCC oversight remains one to watch.
Read our breakdown of the rulingNUPRC unveiled the winners of the 2025 Licensing Round on 21 July 2026, 31 companies for 37 oil and gas blocks, and on 18 September issued a “Drill-or-Drop” circular warning holders of non-performing petroleum prospecting licences that they risk forfeiting acreage, with a 31 October compliance deadline.
Read our PIA analysisThe Dangote Petroleum Refinery and Petrochemicals public offer opened on 14 September 2026 at ₦525 per share, featuring a first-of-its-kind dollar-linked dividend and billed as the largest share sale in Nigeria's history.
Read our investor guideThis roundup is a general summary prepared for information only and does not constitute legal advice. For advice on how any of these developments affect your business, contact Vintage Solicitors.
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