From Listed to Lost Liquidity: Understanding What Happens to Shareholders When Companies are Delisted from the NGX
Introduction On 9th April 2026, the Nigerian Exchange Limited (NGX) removed two companies from its Daily Official List: DN Tyre & Rubber Plc and Greif Nigeria Plc. What appeared as a routine regulatory notice carries significant consequences for shareholders. A delisting means their shares, still legally theirs, can no longer be bought or sold on […]
Regulating Off-Plan Real Estate in Nigeria: Comparative Insights and Reform Options
Off-plan property acquisitions have become an increasingly popular feature in Nigeria’s real estate market. The commercial appeal is clear. Buyers commit to today’s price for properties yet to be constructed, often paying a significant portion, or sometimes the entire purchase price, upfront, in anticipation of delivery of a completed asset that will have appreciated by […]
Holding the Line: A Practical Guide to Contempt Proceedings in Nigerian Courts Vol.1
Introduction After years of protracted litigation, repeated adjournments, and considerable legal expense, a litigant finally obtains a favourable judgment, positive order, or ruling from a court of competent jurisdiction. The litigant holds the Certified True Copy (CTC) of the court’s decision, relieved that justice has been served – but then the Nigerian reality sets in. […]
When Letters of Credit Fail: Five Recurring Dispute Patterns in Trade Finance
The letter of credit is one of the most successful instruments ever devised for managing payment risk in cross-border trade. It provides a simple but powerful assurance: if the seller ships the goods and presents conforming documents to the bank, the bank will pay, regardless of whether the buyer is willing, solvent, or satisfied. For […]
Unlocking Upstream Liquidity: Assessing the Impact of the CBN’s March 2026 FX Circular on IOC Operations
In March 2026, the Central Bank of Nigeria (CBN) introduced a significant shift in Nigeria’s foreign exchange (FX) framework by revising its approach to cash pooling for International Oil Companies (IOCs). This regulatory pivot signals a transition away from restrictive controls toward a more pragmatic and investor-friendly regime within the oil and gas sector. […]
Status Update on CBN’s Banking Sector Recapitalization
In March 2024, the Central Bank of Nigeria (CBN) released the Banking Sector Recapitalization Programme (FPR/DIR/PUB/CIR/002/009), requiring all commercial, merchant, and non-interest banks to significantly increase their minimum paid-in capital. The new requirements represented a substantial increase across board. International commercial banks had to grow their capital from N50 billion to N500 billion, while national […]
OPL 245 Dispute Settlement: A Milestone in Repositioning Nigeria’s Economic Landscape
Dear Readers, After nearly three decades of legal battles, arbitration proceedings, and international scrutiny, the long-running dispute over OPL 245 has finally come to an end. On March 5, 2026, the Nigerian government announced it had reached a settlement with Italian energy giant Eni and its subsidiary Nigerian Agip Exploration Limited (NAEL) over the ownership […]
Nigeria’s Gas Vulnerability: How Seplat’s Maintenance Shutdown Affects the Whole Nation
Dear Readers, Nigeria’s energy sector is once again under the spotlight, and this time the trigger is a seemingly routine scheduled maintenance by Seplat Energy on its gas facilities. From February 12 to 15, Seplat Petroleum Development Company PLC (“Seplat”), a key joint venture partner of Nigerian National Petroleum Company Limited (“NNPC Ltd”), has […]
Nigeria Hands Over the $5 Billion African Energy Bank Facility
Dear Readers, Nigeria has just achieved a landmark victory in Africa’s energy landscape. On 2 February 2025, on the sidelines of the 9th Nigeria International Energy Summit (NIES) in Abuja, Nigeria officially handed over the headquarters of the African Energy Bank (AEB) to the African Petroleum Producers’ Organisation (APPO). This development signals the beginning […]
Technology Transfer in Nigeria’s Oil and Gas Industry: Compliance, Gaps, and Practical Solutions
Introduction Technology transfer is the sharing or disseminating of knowledge, skills, methods, technologies, equipment, intellectual property or innovations from one entity (often a foreign company, university or research institution) to another (often a local company, country, or individual) enabling the recipient to use, adapt, and apply it independently to foster innovation, economic development and improved […]
