Expropriation of Investments: Are There Any Remedies for Foreign Investors?
Introduction. Assets, in their various forms, are not just sources of investments in developing and developed countries but also vulnerable to the influence of state policies. These assets, often the result of significant investments and efforts by international and multinational companies, are particularly susceptible to state policies that may be detrimental to their economic interests. […]
Oil Licensing Regime Under the Petroleum Industry Act 2021: Grounds for the Revocation of a Petroleum Prospecting Licence (PPL) (Part
Under the Petroleum Act (PA), there were 5 major grounds on which an Oil Prospecting Licence (OPL) could be revoked. Following the enactment of the Petroleum Industry Act (PIA) 2021, the grounds for revocation of a Petroleum Prospecting Licence (hereinafter referred to as “PPL” or the “Licence”) have been expanded to include circumstances not withtin […]
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 […]
