Library / MIDSTREAM AND DOWNSTREAM PETROLEUM FEES (AMENDMENT) REGULATIONS, 2026

MIDSTREAM AND DOWNSTREAM PETROLEUM FEES (AMENDMENT) REGULATIONS, 2026

Page 6 of 7

 
 
SIXTH SCHEDULE 
 
(h) by deleting the provisions of the sixth schedule and replacing it as follows- 
 
[regulation 5(1) (f )] 
ASSIGNMENT OR TRANSFER OF LICENCE OR PERMIT 
 
The transferor shall be required to pay the applicable assignment or transfer of licence or permit 
processing fee in the table below -  
TABLE  
S/N Activity 
Consent Fee 
 Processing 
Fee 
1. 
An assignment or transfer of 
licence or permit to a 
company that is not part of a 
group of which the transferor 
is a member 
1% of the value of the transaction 
NGN 500,000 
2. 
An assignment or transfer to a 
company in a group of which 
the transferor is a member  
The Authority may waive the payment of 
the consent fee if the Authority is satisfied 
that the assignment or transfer is to be 
made to a company in a group of 
companies of which the assignor and 
assignee are members and is to be made 
for the purpose of re-organisation in 
order to achieve greater efficiency and to 
acquire resources for more effective 
petroleum operations. 
  
NGN 500,000 
3. 
A change in name not 
constituting an assignment or 
transfer of licence or permit. 
N/A 
NGN 500,000 
 
 
 
SEVENTH SCHEDULE 
[regulation 5(1)(g)] 
 
(i) by deleting the activity in item 3 “Permit to Survey (PTS) Pipeline Route” and replacing with