Blog
NNPC Signs DSDP Agreement with British Petroleum
On 1st November 2018, the Nigerian National Petroleum Corporation (“NNPC”) announced it has signed a six-month Direct Sale-Direct Purchase (“DSDP”) Agreement with British Petroleum’s trading...
ACAS-Law Senior Partners appointed as Chairman, Independent Non-Executive Director
ACAS-Law (the “Firm”) is pleased to announce the appointment of two of its Senior Partners, Mr. Sola Adepetun and Mrs. Felicia Kemi Segun as Chairman of the Board of Directors of Standard Chartere...
Chartered Institute of Arbitrators, Nigeria Branch – 18th Annual Conference and Gala Night
The Chartered Institute of Arbitrators, Nigeria Branch had its 18th Annual Conference and Gala Night on 24th and 25th October 2018 at the Transcorp Hilton Hotel, Abuja. The theme of the Conference was...
Netflix’s Acquisition of Genevieve Nnaji’s Lion Heart: Chain-of-Title Documentation
It was reported in September 2018 that the Video on Demand (VOD) giant, Netflix, acquired Genevieve Nnaji’s directional debut movie, Lion Heart, for about $3million. This is a remarkable feat for th...
Modular Refineries to be commissioned, December 2018
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that two modular refineries are set to be commissioned in Nigeria by December 2018, one in Delta State and the other in R...
CBN Proposes New Licensing Regime for all Categories of Payment Service Providers and Financial Technology Companies
Given the increasing reliance on financial technology (“FinTech”) platforms and the growing level of acceptability of their services by both banks and consumers of financial services, the Central ...
Review of the Minimum Capital Requirements for Microfinance Banks
The Central Bank of Nigeria (CBN) has increased the capital requirements for microfinance banks in the country in a bid to tackle the challenges of inadequate capital base, weak corporate governance, ...
NIGERIA CELEBRATES WORLD MARITIME DAY 2018: OUR HERITAGE: Better Shipping for a Better Future
Photo by Globalpatriotnews: From right-“ The Managing Director National Inland Waterways Authority, Senator Olorunibe Mamora, The Director General NIMASA, Dr. Dakuku Peterside, The Minister of State...
FREQUENTLY ASKED QUESTIONS REGARDING DIRECTORS OF A COMPANY
1. What is the minimum number of Directors a Company is required to have?The minimum number of Directors a Company is required to have is two.2. &nb...
Criminal Charges Filed Against COSON and Its Directors
The Nigerian Copyright Commission (NCC), on October 8th, 2018, filed a criminal charge against the Copyright Society of Nigeria (COSON), its Chairman, Chief Tony Okoroji and chief officers for carryin...