Library / PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS

PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS

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(Issued by the Nigerian Midstream and Downstream Petroleum Regulatory 
Authority pursuant to the Petroleum Industry Act, 2021 and the Midstream and 
Downstream Petroleum Industry Competition Regulations, 2025) 
 
 
 
Part I – Preliminary Provisions 
 
1. Title and Citation 
 
This Guideline may be cited as the Settlement Procedure Guideline, 2025, and 
shall be read together with the Petroleum Industry Act, 2021, the Midstream 
and Downstream Petroleum Industry Competition Regulations, 2025, and, 
where applicable, the FCCPC Leniency Rules, 2022. 
 
2. Objectives 
 
The objectives of this Guideline are to: 
(a) Establish clear procedures for the settlement of competition and regulatory 
enforcement cases within the petroleum midstream and downstream sectors; 
(b) Ensure timely resolution of cases while preserving effective competition and 
consumer protection; 
(c) Promote transparency, predictability, and procedural fairness in settlement 
processes; and 
(d) Harmonise sector-specific settlement procedures with national competition 
law and international best practice. 
 
3. Application 
 
This Guideline shall apply to all licensees, operators, service providers, and 
other regulated entities under the jurisdiction of the Authority in respect of: 
(a) Anticompetitive conduct cases; 
(b) Consumer protection violations; 
(c) Breaches of market rules, open access rules, or tariff obligations; and 
(d) Any matter designated by the Authority as suitable for settlement. 
 
 
Part II – Eligibility and Conditions for Settlement 
 
4. General Eligibility 
 
(1) A regulated entity subject to investigation or enforcement proceedings 
may apply for settlement provided that: 
    (a) The application is made before the Authority issues a final decision; 
    (b) The applicant admits liability, in whole or in part, for the conduct in 
question;