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Registration of Drilling Rigs Under the Coastal Inland Shipping Act: Review of the Transocean...

The recent decision of the Court of Appeal in Transocean Support Services Nigeria Limited & 3 Ors. v Nigerian Maritime Administration and Safety Agency & Anor1 (Transocean Decision) that an oil drilling...

Nigeria Signs the African Continental Free Trade Area: What Next?

Two common expressions that have gained currency in trade parlance, "les absents ont toujours tort" (absent people are always wrong), and "if you are not at the table, you are on the menu" may best...

The Competition Law Knowledge Exchange at Olaniwun Ajayi LP

In the wake of the enactment of the Federal Competition and Consumer Protection Act (FCCPA), Olaniwun Ajayi LP on Thursday, the 11th of July 2019 hosted a Competition Law Knowledge Exchange at the Adunola Building,...

National Lottery (Amendment) Act 2017- Special Tax Regime for Lottery Companies

BACKGROUND The National Assembly of the Federal Republic of Nigeria in 2017 passed the National Lottery Amendment Bill (the Bill) for the amendment of the National Lottery Act 2005...

Value Added Tax Exemption on Commissions from Stock Exchange Transactions Soon to Cease

The Value Added Tax (“VAT”) exemption currently enjoyed on commissions (a) earned on the traded value of shares; (b) payable to the Securities and Exchange Commission; (c) payable to the Nigerian Stock...

Nigerian Port Authority Approves 10% Discount on Harbour Dues at Eastern Ports for Certain...

The Nigerian Port Authority (NPA), in a statement made on 10 June 2019, has approved a 10 per cent discount on harbour dues for specific vessels calling at the ports in Cross...

Protecting Intellectual Property Rights in a Software: A Jurisdictional Analysis

We conclude our software licensing series with Part D which is focused on ownership and registrability of intellectual property in software. Using the UK, USA and Nigeria as...

Penalties and Interest to Accrue from the Date of Failure to Remit Taxes

The Tax Appeal Tribunal (TAT) on 14 May 2019, delivered a judgement in the case of Shell Nigeria Exploration and Production Company Limited v. Lagos State Internal Revenue Service (LIRS) with suit...

Free/Open Source Software Licensing Explained

FOSS is the complete opposite of a Proprietary license. Primarily, the fundamental purpose of a free and open source license is to deny anyone the right to exclusively exploit a work so...