Blog
COVID-19: CHIEF JUDGE OF LAGOS STATE RELEASES DRAFT PRACTICE DIRECTION ON REMOTE HEARING OF CASES
The Chief Judge of Lagos State, Honourable Justice Kazeem O. Alogba has proposed a Draft Practice Directions (‘Draft Directions’) for the remote hearing of; urgent or important and time bound case...
CORPORATE GOVERNANCE IMPLICATIONS OF THE COVID-19 PANDEMIC: CONSIDERATIONS FOR PUBLIC AND PRIVATE COMPANIES
With the rapidly-developing situation worldwide, we are still only facing the early stages of the impact of the COVID-19. However, some important implications for corporate governance practices and st...
RUNNING A CROWDFUNDING PORTAL/PLATFORM: KEY COMPLIANCE OBLIGATIONS
In our post of 15 April 2020[1], we commenced our series on crowdfunding business in Nigeria and specifically considered businesses that would be eligible to raise capital through crowdfunding - based...
Megan Thee Stallion’s Awakening: Onerous Record Deals and Court Battles
Megan Thee Stallion (“Megan”), an American rapper from Houston, Texas, famous for her popular track “Hot Girl Summer”, sued her record label, 1501 Certified Entertainment (“1501”) in March...
CORPORATE AFFAIRS COMMISSION: DRAFT OPERATIONS CHECKLIST 2020
In March 2020, the Corporate Affairs Commission (the “CAC”) in its determination to standardize its processes and procedures with a view to making them more business-friendly in line with the ease...
NIGERIAN PORTS AUTHORITY DIRECTS TERMINAL OPERATORS TO SUSPEND THE APPLICATION OF DEMURRAGE FOR 21 DAYS DUE TO COVID-19 PANDEMIC
The Nigerian Ports Authority (‘the Authority’ or ‘NPA’), on 27th March 2020, issued a press statement directing all terminal operators to stop the application of “terminal storage fees on co...
POST-COVID-19: CROWDFUNDING AS A VIABLE FUND-RAISING OPTION – A LOOK AT THE RULES PROPOSED BY THE SECURITIES AND EXCHANGE COMMISSION
Understandably, most current discourse has centered around the impact of COVID-19 on businesses and mitigation strategies that may be implemented to stay afloat. In considering mitigation strategies, ...
The “Obligation to Self-Account”: The Finance Act Gives Statutory Force to the Decision in the Vodacom Case
The Finance Act, 2019 (or the “Act”) was signed into law by President Muhammadu Buhari, President of the Federal Republic of Nigeria on 13 January 2020, thereby amending the provisions of various ...
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...