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OALP Legislative Tracker: February 2022 Edition

We are pleased to bring you the February edition of the legislative tracker. In this edition, we provide synoptic insights into the legislative activities of the National Assembly, identifying bills currently being...

THE FEDERAL GOVERNMENT OF NIGERIA IS SET TO FACILITATE THE DEVELOPMENT OF A 4000MW...

The Federal Government of Nigeria (FGN) recently announced the commencement of a bid process for the construction of a 4000MW nuclear power plant, as part its plans to bridge the energy gap...

NEWSLETTER ON THE OPERATIONAL GUIDELINES FOR INSURANCE WEB AGGREGATORS ISSUED BY NAICOM

In exercise of the powers conferred by the National Insurance Commission Act, 1997 (the NAICOM Act) the apex regulator of the insurance industry, the National Insurance Commission (NAICOM or the Commission) recently...

RECENT SUPREME COURT DECISION ON THE EFFECT OF THE OMISSION OF THE WORD ‘LOCAL’...

SUPREME COURT HOLDS THAT OMITTING THE WORD ‘LOCAL’ IN THE APPELLATION OF A LOCAL GOVERNMENT IN A SUIT GOES TO THE ISSUE OF THE JURISTIC PERSONALITY OF SUCH LOCAL GOVERNMENT – CALABAR...

OALP’S ANALYSIS OF THE RECENTLY ENACTED CLIMATE CHANGE ACT 2021 AND ITS POTENTIAL IMPACT...

In the last quarter of 2021, His Excellency, President Muhammadu Buhari signed into law, the Climate Change Act 2021, to usher in a new dawn in Nigeria’s efforts towards environmental sustainability and...

TAT LAGOS SETTLES CONTROVERSY ON THE SCOPE OF STOCK-IN-TRADE FOR THE CLAIM OF INPUT...

In what may be regarded as a breakthrough for players in the manufacturing sector in Nigeria, the Tax Appeal Tribunal provided clear parameters for the determination of "Stock in Trade" by expanding...

Olaniwun Ajayi LP Power and Infrastructure Wrap-up Report 2021/2022

With the nation still reeling from the economic effect of the COVID-19 pandemic and gearing up for election campaigns ahead of the 2023 general elections, 2022 is well on the way to...

Oil and Gas Fast Facts on the Licensing Regime under the PIA

When we released our  PIA 2021 Key Highlights Report last year, we promised to unbundle the PIA over time and walk through how it affects players in the oil and gas industry. In keeping...

OALP Legislative Tracker: January 2022 Edition

2022 is off to a great start, as various industries and sectors of the economy show great promise for growth. This said, the legislative framework of a country (more so Nigeria) has...

Olaniwun Ajayi Tax Wrap-up Report

With the birth of the Petroleum Industry Act which had spent 16 years in incubation; the yearly visitor - the Finance Act, which has become the new normal under the Muhammadu Buhari-led...