NERC - MYTO 2020

NERC’s Multi Year Tariff Order (MYTO) 2020

On 28 August 2020, the Nigerian Electricity Regulatory Commission (NERC) issued the “Multi Year Tariff Order (MYTO) 2020” (MYTO 2020 or the Order), which marks the commencement of a novel “service reflective”...
Local Content

Local Content in Nigeria’s Oil and Gas Sector: A Watershed 2010s

Efforts by the Nigerian government to address the domination of the sector by foreign oil and gas companies commenced with the establishment of the Nigerian National Oil Corporation in 1971, to stimulate...

The Federal High Court Awards Damages for Wrongful Arrest of Vessel

In the recent case of Suit No. FHC/L/CS/1800/2017: Domsun Investment & Marine Services Ltd. v. MT GODSHAND & Anor, the Federal High Court, Coram Honourable Justice Faji, of the Lagos Judicial...
Taxation Report 2019 - Olaniwun Ajayi LP

Taxation in Nigeria – 2018 Review | 2019 Outlook

In 2018, Nigeria experienced a massive revenue drive in the tax space while moving up 14 points on the World Bank "Ease of paying taxes" rankings. This report sets out the...

LIRS Appoints Payers of Capital Sums as Collecting Agents for Capital Gains Tax

The Lagos State Government, through the LIRS, has issued a Public Notice (The “Public Notice”) on the appointment of payers of capital sums inclusive of employers as collecting agents for the purpose...