NNPC Limited: Understanding the Hybrid Identity of Nigeria’s National Oil Company

With the unveiling of NNPC Limited, one of the burning questions has been on its identity, in light of its incorporation as a limited liability company and the requirement of the Petroleum...

OLANIWUN AJAYI ACTING AS TRANSACTION ADVISER ON THE LANDMARK TRANSITIONING OF THE NIGERIAN NATIONAL...

Olaniwun Ajayi LP (Olaniwun Ajayi) is pleased to have advised on the landmark transitioning of the Nigerian National Petroleum Corporation (the Corporation), Africa’s largest national oil corporation, to the Nigerian National Petroleum...

Money Laundering Prevention and Prohibition Act 2022: Enhanced Anti Money Laundering Regime in Nigeria

The passage of the Money Laundering (Prevention and Prohibition) Act, 2022 - which repealed the Money Laundering (Prohibition) Act, No. 11, 2011 - has introduced significant changes to the legal and institutional...

Newsletter on the New SEC Rules on Issuance, Offering Platforms and Custody of Digital...

In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering Platforms and...

FIRS PUBLIC NOTICE ON CERTIFICATE OF FIXED ASSET ACCEPTANCE AS A PRECONDITION FOR THE...

The FIRS in a recent public notice requested that all companies submit their Certificates of Fixed Assets Acceptance (CAFA) on Qualifying Capital Expenditures (QCEs) for capital allowances enjoyed between 2016 and 2021...

Newsletter on SEC Proposed Rules on Issuance, Offering Platforms and Custody of Digital Assets

The Securities and Exchange Commission (SEC) has recently issued its Proposed Rules on Issuance, Offering Platform and Custody of Digital Assets (the Proposed Rules). This is following the SEC’s press release in...

OALP Legislative Tracker: March 2022 Lookback Review

We remain committed to keeping you informed of germane legislative activities via our legislative tracker series. We are excited about this March edition which wraps up an enlightening first quarter of 2022.

SUPREME COURT REITERATES THAT WHERE A PARTY ADMITS LIABILITY AND FAILS TO PAY, THERE...

Our newsletter examines the Supreme Court’s decision in Sakamori Construction (Nig) Ltd v. Lagos State Water Corporation LPELR-56606(SC). The apex Court held that the dispute which parties to an arbitration agreement...

FEDERAL MINISTRY OF ENVIRONMENT INTRODUCES ENVIRONMENTAL AND SOCIAL MANAGEMENT PLAN (ESMP) GUIDELINES FOR SOLAR...

On 15th March, 2022, the Federal Ministry of Environment (“FMEnv”) in exercise of the powers conferred on it by the Environmental Impact Assessment (EIA) Act, launched the Environmental and Social Management Plan...

FREQUENTLY ASKED QUESTIONS ON EMPLOYEE SHARE AND STOCK COMPENSATION PLAN

We have prepared these Frequently Asked Questions (FAQs) to address some of the general issues, and concerns that employers and employees have in relation to the issuance and administration of employee share...