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Power and Infrastructure Wrap-Up report 2017

Our Power & Infrastructure team published a report detailing the key developments in the Nigerian power and infrastructure space over the course of 2017. In the report, we also share our outlook for 2018,...

Lagos State Passes New Land Use Charge Law

On Monday 29 January, 2018, the Lagos State House of Assembly (LSHA) passed into law the Land Use Charge Bill 2017. The objective of the law is to provide for the consolidation of Property...

Analysing the ‘No-Reflective Loss’ Principle in the Context of an SSPA

Sometimes share subscription and purchase agreements will contain a clause to the effect that if the contracting company breaches certain representations and warranties, causing the acquirer of the shares to suffer loss, the acquirer...

African Union Assembly Endorses Model Law Drafted by OALP

At the recently concluded - 2018 African Union Summit, held in Addis Abba, Ethiopia, the Model Law for Development of Transboundary Infrastructure Projects in Africa, drafted by Olaniwun Ajayi LP was endorsed by African...

2017 PIDA Week Endorses Model Law Drafted by Olaniwun Ajayi LP

At the 2017 PIDA Week, held in Namibia, the Model Law for Development of Transboundary Infrastructure Projects in Africa, drafted by Olaniwun Ajayi LP was endorsed by African Heads of States. The Model Law...
NIMASA

NIMASA to Acquire New Vessels to Combat Maritime Crimes

The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced that it will acquire strategic maritime security and safety assets, including vessels, in its bid to ensure maritime security in Nigerian waters which are...

The Nigerian Federal Executive Council approves for the piracy bill to be sent to...

The Nigerian Federal Executive Council (FEC) at its meeting held on 21 December 2017 approved a Memo by the Office of the Attorney General and Minister of Justice for the Piracy and Other Unlawful...
Settlement Accounts

Settlement Accounts in Digital Finance

As financial services have become more ubiquitous in Nigeria, and progressively more stable and profitable due to the CBN’s cashless policy, increasingly we see customers relying on the services of alternative financial service providers...

NIPC/FIRS Publishes Compendium of Investment Incentives in Nigeria

The Nigeria Investment Promotion Commission (“NIPC”) in collaboration with Federal Inland Revenue Service (“FIRS”) with inputs from ministries and agencies have released a compendium of existing investment incentives in Nigeria (the Compendium) pursuant to...
Movable Assets Act Image

Understanding the Secured Transactions in Movable Assets Act

Access to finance is a vital factor in the growth and development of any economy. World Bank statistics indicate that Nigeria ranks 44th in the global access to finance index1 which demonstrates an upward...