Constitutional Amendment on the First Session and Inauguration of Members-Elect of the National and State House of Assembly.
Recently, the wind of amendment which greeted the Constitution of the Federal Republic of Nigeria, 1999 was received with pageantry and aplomb. The news broke when most media outlets in the country reported that President Muhammadu Buhari had assented to sixteen (16) Constitution Alteration Bills presented to him by the National House of Assembly. One […]
Raising Capital Through Commercial Paper: Why Corporations Should Adopt a More Cost-Efficient Option
Businesses seeking to raise capital have a choice between equity or debt financing. Given the increase in inflation and interest rates, it is commercially prudent to adopt short-term debt financing like commercial papers as an easy way to raise cost-efficient capital for a short term, usually less than a year. The money market is becoming […]
Oil Licensing Regime Under the Petroleum Industry Act 2021 (Part 2): Petroleum Prospecting Licence (Contd.)
In the preceding article of this series, we examined a number of modifications made by the Petroleum Industry Act (PIA) 2021 to the Oil Prospecting Licence (OPL) regime in Nigeria in terms of the granting authority, award process and duration of the licence. In the subsequent paragraphs, we shall review modifications relating to the assignment, […]
Oil Licensing Regime Under the Petroleum Industry Act 2021 (Part 2): Petroleum Prospecting Licence
Under the old regime of the Petroleum Act 1969 (PA), upon the grant of an Oil Exploration Licence (OEL) and subsequent discovery of hydrocarbon within the licence area, a licensee who intended to proceed to the next stage of upstream petroleum operations was required to obtain an Oil Prospecting Licence (OPL) from the Minister of […]
Navigating the Uncertainties in the Nigerian Data Protection Act, 2023: Expectations From the National Committee for GAID
The Nigerian Data Protection Act, 2023 (NDPA) is the primary legislation governing data protection in Nigeria. However, despite its robust provisions, the NDPA has left the task of crafting specific regulations and directives for the implementation of the NDPA to the Nigerian Data Protection Commission (NDPC). While this approach provides adaptability to changing circumstances, it […]
The Waning Popularity of Diplomatic Protection In Resolving International Investment Disputes
In a bid to impact the local economy of a State, most developed and developing countries strive to attract foreign direct investment (“FDI”) with a view to bringing new opportunities for education, technology, and culture. Investors leverage this by establishing local companies (which may most times require acquisition of properties) and carrying on businesses in […]
An Analysis of Nigeria’s Immigration Landscape Through a Global Lens
Migration is a global trend. Countries around the world are experiencing a significant increase in cross-border movement either as origin countries of migration or destination countries. This phenomenon is largely driven by economic, educational, and personal motivations and in turn, occasions demographic, economic, and political effects. A key aspect of migration is the movement of […]
Board Evaluation: An Effective Tool of Corporate Governance and Sustainability
Effective and proactive Boards play a crucial role in the facilitation of a sustainable business. One essential tool for corporate sustainability is periodic board evaluations. When rightly conducted, board evaluation critically assesses the capacity and capability of members of the Board, identifies their strengths and weaknesses, and areas for improvement. It may also provide the […]
Energy Transition in Nigeria and ESG (Part 1): Nigeria’s International Commitment
In the global pursuit for a sustainable future, the international community has adopted a multifaceted approach, of which Energy Transition occupies a pivotal position, in addressing the stark realities of climate change. In the absence of careful and strategic economic restructuring, the implications of Energy Transition for a country such as Nigeria, heavily dependent on […]
Legal Requirements for Foreign Direct Investment in Nigeria
Foreign Direct Investment (“FDI”) plays a pivotal role in fostering economic growth and development in nations. The concept of FDI involves a financial investment made by a company or individual from one country into another country with the intent of acquiring significant control in the foreign entity. It provides essential skills, technology advancement and financial […]
