Blog
Supreme Court orders the Federal Government to Review Fiscal Terms under Production Sharing Contracts
On Wednesday 17th October 2018, a seven-man panel of the Supreme Court led by the Chief Justice of Nigeria, Justice Walter Onnoghen ordered the Federal Government of Nigeria (“FGN”) to revisit the...
The President Directs the Immediate Implementation of Executive Order No.6 of 2018
The President of the Federal Republic of Nigeria on Saturday 13th October 2018 directed the Attorney-General of the Federation to commence the implementation of Executive Order No.6, which was signed ...
Federal Government Cuts Cost of Business Name Registration by 50%
The Vice-President of Nigeria recently announced the Federal Government’s (“FG”) approval of a 90-day special window commencing from 1st October 2018 to 31st December 2018 for the registration o...
Protecting your Intellectual Property Rights - The Versace Example!
Versace, the Italian fashion house, was purchased by Michael Kors in September 2018, for $2.2 billion, despite suffering a loss in 2016, which was the year the offer and negotiations for its sale begu...
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Highlights Of The Meter Asset Provider Regulations, 2018
Electricity metering and attendant collection losses are well-known prevalent problems in the Nigerian Power Sector (the “Sector”). Despite the launch of the Credit Advance Payment for Metering Im...
NEITI to Unveil a Comprehensive Register of Beneficial Owners of Oil and Gas and Mining Companies in Nigeria
The Nigeria Extractive Industries Transparency Initiative (“NEITI”) recently stated that a comprehensive register of beneficial owners of oil, gas and mining companies is set to be unveiled in Dec...
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TAX EVASION: PRESIDENT BUHARI SIGNS NEW EXECUTIVE ORDER
President Muhammadu Buhari on 8 October 2018 signed a new executive order (“Order”), Voluntary Offshore Assets Regularization Scheme (“VOARS”), meant to target money launderers and tax evaders...
MONEY LAUNDERING, TAX EVASION: PRESIDENT BUHARI SIGNS NEW EXECUTIVE ORDER
President Muhammadu Buhari on 8 October 2018 signed a new executive order (“Order”), Voluntary Offshore Assets Regularization Scheme (“VOARS”), meant to target money launderers and tax evaders...
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The Petroleum Industry Governance Bill (“PIGB”): Where to from here?
The Petroleum Industry Governance Bill (the “PIGB”) has stumbled at the final hurdle as the Presidency withheld assent to the same. The PIGB was positioned as the pioneer of the reform programme w...
CBN releases Exposure Draft Guidelines for Licensing and Regulation of Payment Service Banks in Nigeria.
Leveraging on the role of technology in the provision of financial services, and in line with its responsibility as the regulator of the financial sector, the Central Bank of Nigeria (“CBN”) recen...