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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    (ii) Due process requirements necessary to preserve the rights of defence of 
other parties; and 
    (iii) Mandatory legal disclosure obligations under applicable law. 
 
(c) Confidentiality obligations and disclosure procedures shall be implemented 
in accordance with the provisions of Schedule 4 – Leniency Policy and 
Schedule 5 – Settlement Procedure Guideline. 
 
(4) Collaboration with Other Authorities 
(a) The Authority may collaborate with the Federal Competition and 
Consumer Protection Commission (FCCPC), other Nigerian regulatory bodies, 
or international competition authorities in the administration, enforcement, 
and monitoring of the Leniency Programme and settlement procedures under 
these Regulations. 
(b) Such collaboration may include: 
    (i) Exchange of non-confidential information; 
    (ii) Coordinated investigations and joint enforcement actions; and 
    (iii) Mutual recognition of leniency or settlement benefits, subject to 
applicable laws and confidentiality safeguards contained in the Schedules. 
 
 
PART XIX– COMPLIANCE PROGRAMMES AND REPORTING 
 
110. Compliance Obligations 
(1) Every licensee shall establish and maintain a compliance programme on 
the competition provisions of the Act, Federal Competition and Consumer 
Protection Act and these Regulations proportionate to its size, nature of 
operations, and market influence. 
(2) Such programme shall include, at a minimum: 
(a) Regular training for management and staff on competition obligations 
under these Regulation and relevant laws; 
(b) Internal controls to prevent or detect anti-competitive conduct, including 
legal review protocols for contracts and market behaviour; 
(c) An internal escalation and response mechanism to report suspected 
violations. 
 
111. Annual Compliance Report 
(1) The Authority may, by written directive or guideline, require any licensee—
especially one operating essential facilities or with significant market share—to 
submit an Annual Competition Compliance Report in the format prescribed in 
Schedule 6 to these Regulations. 
(2) The report shall contain, at a minimum: 
(a) A declaration regarding exclusive agreements, mergers, or other covered 
conduct and their compliance status; 
(b) Statistics on third-party access requests, including the number received, 
granted or denied, and the reasons thereof; 
(c) Summary of pricing complaints alleging discriminatory conduct;