Blog
FGN issues new Back-In Regulations.
The Federal Government of Nigeria (“FGN”) has issued new regulations titled: Oil Block Allocations to Companies (Back-in-Rights) Regulations, 2019 (the “New Back-in Regulations”). The New Back...
CBN ADDS TEXTILES TO LIST OF ITEMS NOT ELIGIBLE FOR FOREX
The Central Bank of Nigeria (CBN) has added all forms of textiles to the list of items not valid for foreign exchange (Forex) from the official window. It is intended that the restriction w...
Nigerian minister updates APPO Cape VII on the progress of legal reform
Nigeria’s Minister of State for Petroleum provided an update at African Petroleum Producers Organization (APPO) Cape VII congress and exhibition last week concerning the progress of the Petroleum In...
NCDMB Finalised the Nigerian Content Ministerial Regulations with Stakeholders
The Nigerian Content Development and Monitoring Board (“NCDMB”) recently disclosed that it has concluded its engagements with stakeholders in the Nigerian oil and gas industry (the “Industry”)...
Nigerian Refinery acquires Africa's First ISO 9001:2015 Certification
Port-Harcourt Refining Company Limited (“PHRC”) which is a subsidiary of the Nigerian National Petroleum Corporation (“NNPC”) has become the first refinery in Africa to attain the ISO 9001:201...
MODIFICATION OF FORM CAC7A – NOTICE OF CHANGE OF DIRECTORS, OR IN THE NAME, RESIDENTIAL ADDRESS OR POSTAL ADDRESS OF DIRECTOR
The Corporate Affairs Commission (the “CAC”) has recently modified one of its post-incorporation forms - the Form CAC 7A (the “Form”), which is the form required for filing a notice of the app...
NNPC Releases Guidelines for its 2019 crude oil-for-product swap programme
The Nigerian National Petroleum Corporation (NNPC) has released the guidelines for its 2019 crude oil-for-product swap programme, known as the Direct Sale and Direct Purchase (DSDP) scheme.The guideli...
KANYE WEST V EMI - BOILERPLATE CLAUSES
In October 2003, Kanye West signed a publishing deal with Sony Music’s publishing division, EMI Music Publishing (EMI), ahead of the release of his first album. The contract requires Kanye to write ...
NEITI to release list of Beneficial owners of Crude Oil Blocks
The Nigeria Extractive Industries Transparency Initiative (“NEITI”) has disclosed that it is working to unveil the beneficial owners or holders of all of Nigeria’s crude oil blocks by January 20...
COMPLIANCE REQUIREMENTS FOR BUSINESS NAMES AND INCORPORATED TRUSTEES
The Corporate Affairs Commission (“CAC”) is the only Nigerian agency established for the regulation and management of business entities registered in Nigeria. The popular notion is that the CAC is...