The Department of Petroleum Resources’ Guidelines for the Award and Operations of Marginal Fields in Nigeria 2020

Impacts of Covid-19 Pandemic and Measures at Containment on Loan Repayment Obligation

Debt financing has become a significant aspect of capital raising for businesses globally. In 2019, the Central Bank of Nigeria issued a directive that increased Loan-to-Deposit Ratio (LDR) to 65%, which means that Deposit Money Banks (DMBs) were obligated to give 65% of their deposits as loan. Due to this directive, many DMBs gave out […]

Guidelines for Holding Virtual Corporate Meetings

Company meetings are key to the decision-making process of a company. Management, Board, Committee(s) and General Meetings are avenues through which a company deliberates and makes decisions bordering on its management, control and administration. Thus, it is imperative that these meetings are convened in line with the protocols and procedures stipulated in the relevant statutes; […]

Convertible Promissory Notes: A Financing Model for Tech Startups in Nigeria

According to Bloomberg, about 80 percent of startup businesses fail within the first 18 months. A major reason for this is limited access to finance and Nigeria is not left out of these statistics. In fact, recent study suggests this numbers have risen to a whopping 90 per cent. The prohibitive interest rate and inability […]

Workplace Hazards and Imperatives of Increased Social Security Under the Employees’ Compensation Act

The growing appetite for organizations, corporations, industries, factories and other business establishments to develop international influence and drive increased market share has made workplaces to be more prone to hazards. The International Labour Organization (ILO) in a recent report estimated that about 317 million non-fatal occupational injuries and 321,000 occupational fatalities occur globally each year. […]

Legal Mechanism for Investor Protection in Private Equity Transactions in Nigeria

According to the African Private Equity and Venture Capital Association, 73 percent of the total value of private equity deals in West Africa between the years 2013 to 2018 were recorded in Nigeria. This trend continued into 2019 and 2020 with a high volume of deals recorded in the financial services, information technology and real […]

Decriminalisation of Bigamy in Lagos State And its Legal Implications

The present Nigerian criminal justice system is part of Nigeria’s inheritance from colonial Britain. In fairness, it served the colonial power rather well. But with the transformation from colonialism to self-governance, democracy, military rule and now a hybrid of civilian rule and democracy, the inherited system had come under severe strain to the extent that […]

Covid-19 Pandemic: A Force Majeure to Reckon with in Business Today

As at April 5, 2020 the World Health Organisation (“WHO”) has reported over two hundred countries/territories/areas with confirmed cases of the COVID-19 pandemic with the Falkland Islands (Malvinas) joining the list of territories with confirmed cases in the past 24 hours. Nigeria has reported 230 cases and 6 deaths. The world has over 1,200,000 confirmed […]