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NCDMB ADVISES STAKEHOLDERS ON THE TOP VESSELS IN DEMAND IN THE NEXT 5 YEARS
Photo Credit: NIMASA- https://twitter.com/nimasaofficial/status/1072837442611363840The Executive Secretary of the Nigerian Content Development and Monitoring Board,(NCDMB) Mr. Simbi Wabot said on 12 D...
WAIVERS AND BOARD MEETINGS
An important organ of governance in a company is the Board of directors as it is charged with the responsibility of managing and directing the affairs of the company. One major tool by which directors...
Flare Gas Sites Bid Round – Any Local Content Issue?
It will be recalled that on 28 November 2018, we published a blog post on the commencement of the first bid round for flare gas sites. Read our report here http://www.acas-law.com/resource/blog/Re:_FG...
CBN ADDS FERTILISER TO LIST OF 41 ITEMS NOT ELIGIBLE FOR FOREX
The Central Bank of Nigeria (CBN) has added one more item – fertilizer – to the list of 41 items not valid for foreign exchange (Forex) from the official window. In a circular signed by ...
NNPC contests its right to withdraw funds from the Nigeria LNG dividends account
The Nigerian National Petroleum Corporation (“NNPC”) has contested the ongoing probe by the Nigerian Senate (the “Senate”) into its rights to withdraw funds from the Nigeria Liquefied Natural ...
REDUCING PIRACY ON NIGERIAN WATERS
The Director-General of the Nigerian Maritime Administration and Safety Agency (“NIMASA” or “the agency”), Dr. Dakuku Peterside informed newsmen and other stakeholders that NIMASA has put mech...
DANNY YOUNG AND TIWA SAVAGE- COPYRIGHT INFRINGEMENT II
Danny Young’s copyright infringement allegation against Tiwa Savage has raised several legal questions, some of which we explored in our in our blog post of 30 November 2018. This post addresses two...
FGN Launches EGASPIN 2018
At the 18th International HSE Conference on the oil and gas industry in Nigeria held on 26 to 28 November 2018, the Federal Government of Nigeria (the “FGN”) (through the Department of Petroleum R...
SUBSIDY DEBTS: OIL MARKETERS GIVE FG 7-DAY ULTIMATUM
Oil marketers (Marketers) have issued a seven-day ultimatum to the Federal Government for the payment of all outstanding subsidy debts which amount to the sum of N800bn. This amount includes the forei...
The PPMC urges petroleum marketers to regulate supply to border communities
To prevent cross-border leakages and avert associated product price hikes, the Managing Director of the Pipelines and Products Marketing Company (PPMC), Mr. Umar Ajiya, has enjoined the Major Marketer...