Blog
PROPOSED MARGINAL FIELD BID ROUND 2020
Earlier this week, reports emerged that the Minister of State for Petroleum Resources has received approval from President Muhammadu Buhari to schedule a bid round for marginal fields, indicating that...
COVID-19: COMPLYING WITH THE GUIDELINES FOR THE RELEASE OF STAFF IN THE NIGERIAN OIL AND GAS INDUSTRY 2019
The global outbreak of the novel coronavirus (COVID-19) coupled with the Russia-Saudi Arabia crude oil price war ushered in a new low crude oil price environment, which is ravaging oil dependent econo...
COVID-19: CAC ISSUES GUIDELINES FOR PUBLIC COMPANIES TO HOLD ANNUAL GENERAL MEETINGS BY PROXY
The novel Coronavirus disease(also known as COVID-19) pandemic ravaging the world is no news to anyone today. In its wake, thousands have lost their lives, businesses have shut down operations, school...
THE NEW WORLD OF ESPORTS: KEY LEGAL CONCERNS AND REGULATION IN NIGERIA
In the world of sports, athletes play in games and matches in crowd-filled stadiums. With eSports, players play computer and gaming system games, while fans watch online or in similar crowd-filled sta...
COVID-19: IMPACT ON CONTRACTUAL PERFORMANCE
In response to the novel COVID-19 outbreak, which has caused extreme turmoil to livelihood and society, governments worldwide have adopted unprecedented measures such as city lockdowns and travel rest...
COVID-19: DECLARATION OF FORCE MAJEURE BY THE DPR: CAN OPERATORS, CONTRACTORS AND SERVICE PROVIDERS IN THE NIGERIAN OIL AND GAS INDUSTRY RELY ON THE SAME?
As part of the collective effort to combat the spread of COVID-19 in Nigeria, different regulatory authorities and bodies have, in line with their statutory functions, introduced measures to be adhere...
BUSINESS CONTINUITY UPDATE
Following the outbreak of the novel coronavirus (COVID-19), we have been monitoring the unfolding situation closely, while being proactive. Although the incidence rate as currently reported in Nigeria...
PRESIDENT BUHARI RESTRICTS THE DOCKING OF CARGO VESSELS AT THE NATION’S PORTS DUE TO COVID-19 PANDEMIC
The President of the Federal Republic of Nigeria, His Excellency, Muhammadu Buhari, addressed the nation on 26th March 2020 concerning the COVID-19 pandemic. During his address, the Presiden...
THE ROLE OF THE INDEPENDENT NON-EXECUTIVE DIRECTOR UNDER THE NIGERIAN CODE OF CORPORATE GOVERNANCE 2018
“Independent Non-Executive Directors bring a high degree of objectivity to the Board for sustaining stakeholder trust and confidence” -Principle 7 of the Nigerian Code of Corporate Gove...
Applicability of Value Added Tax to the Assignment of a Participating Interest in an Oil Prospecting Licence or an Oil Mining Lease
The promulgation of the Finance Act, 2019 has resuscitated familiar tax issues that were previously settled. One of such issues is the applicability of value added tax (“VAT”) to the assignment of...