Marginal Oil fields

Marginal Fields: What happens to the operator when an OML is revoked?

Word is out that the Federal Government of Nigeria is set to commence a new bid round for the allocation of marginal fields. Thinking about marginal fields, essentially a small area of a wider...
Lekki Ikoyi Bridge

Lagos State Public Private Partnership

Introduction On 24 June 2011, the Lagos State Government passed into law the Public Private Partnership Law 2011 (PPP Law). The PPP Law which is the State Government’s latest attempt to further refine the legal...
Cybersquatting

Cybersquatting Under the Nigerian Law

Introduction As aptly noted by W. Cornish & D. Llewellyn, in their book, Intellectual Property: Patents, Copyright, Trademarks and Allied Rights, Sixth Edition, Sweet & Maxwell, London, p.862: “As E-commerce has grown, the internet has become...
Business in Nigeria

Business in Nigeria – current state of play

Nigeria has been ranked the nineteenth most attractive economy for investments flowing into the African continent. In 2015, it was estimated that Nigeria attracted a net foreign direct investment of US$3.1 billion. Although the Nigerian...
Oil and Gas

National Gas Policy – Series I(Governance and Industry Structure)

Background The first half of 2017 ended on a positive note with the approval by the Federal government of Nigeria (FGN), of the National Gas Policy (the Policy) which articulates Government’s medium to long-term targets...
CBN

CBN Guidelines on Importation

In an effort to ensure the stability of Nigeria’s foreign exchange market, the Central Bank of Nigeria ( CBN ), has issued a series of circulars excluding certain goods and services from the list...
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...

Expansion of the Statutory Deadline for Filing of Tax Objections

The Tax Appeal Tribunal ("TAT") on 17.09.19, sitting in Lagos, in the matter of Earth Moving International v. Federal Inland Revenue Service1, delivered judgement to the effect that; (x) a Notice of...
General Meetings

COVID-19: Impact on the Conduct of General Meetings in Nigeria

In order to curb the spread of the Coronavirus (COVID-19), the Federal Government of Nigeria has placed some States in Nigeria on a total lock down. Certain State Governments have also imposed...

OALP DRP QUARTERLY NEWSLETTER

In the fine and evergreen words of Charles Evans Hughes, former Chief Justice of the United States of America, “We are under a Constitution, but the Constitution is what the judges say...