**Naija Oil Majors Breathe Sigh of Relief as Court Restores Status Quo** In a major boost for indigenous oil and gas companies, Green Energy International Limited and Lekoil Oil and Gas Investments Limited have welcomed a Federal High Court ruling that has restored the status quo for their operations. The court's decision, which came as a relief to the companies and their stakeholders, has effectively suspended an interim administrator appointed to oversee their affairs. According to the companies, the court's ruling has restored the pre-existing management structure, with the duly constituted leadership of the companies retaining control. This means that operations at the Otakikpo oil field, where the companies have a significant stake, can continue uninterrupted. The court's decision also lifted freezing restrictions on the companies' bank accounts, allowing them to access their funds without restriction. The implications of this ruling are far-reaching, not just for the companies involved but also for the Nigerian oil and gas industry as a whole. The appointment of an interim administrator had raised concerns about the potential disruption of operations and the impact on the companies' ability to meet their contractual obligations. With the court's decision, these concerns have been alleviated, and the companies can now focus on pursuing their arbitration proceedings and jurisdictional challenges. The companies have stated that they will continue to operate in accordance with applicable regulatory and contractual requirements, ensuring that their activities remain compliant with Nigerian laws and international best practices. As the matter is adjourned to April 2026, the companies can now focus on their core business activities, providing a boost to the Nigerian economy and creating jobs for thousands of Nigerians. In conclusion, the Federal High Court's decision has brought much-needed relief to the Nigerian oil and gas industry, allowing indigenous companies to operate freely and pursue their business interests without undue interference. As the industry continues to evolve and grow, this ruling provides a much-needed boost to investor confidence and underscores the importance of a stable and predictable regulatory environment.