Beyond Banks and Debt Markets:as a More Flexible Alternative Financing Option for Businesses
Securing capital is integral to the growth of any business and companies typically explore two primary avenues: debt financing and equity financing. While debt financing often involves traditional banks and capital markets (like issuing bonds or commercial papers), these channels are exposed to stringent regulatory hurdles. Private credit has evolved to be a more flexible […]
Navigating Divestment in Nigeria’s Oil and Gas Sector: Regulatory Framework, Implications, and Future Prospects
INTRODUCTION Divestment also referred to as ‘divestiture’ is the process wherein a company sells a portion of its assets, often to enhance overall company value and achieve greater operational efficiency. This strategic plot is frequently utilized by companies to offload peripheral assets, enabling their management teams to refocus on their core business with increased precision. […]
Is Nigeria’s Regulatory Landscape Built to Support Energy Dependence?: A Case Study of Dangote Petroleum Refinery and Petrochemical (“Dangote”) vs. the Nigerian Midstream and Downstream Petroleum Regulatory Authority (“the Authority’’) & 6 Others.
Introduction Energy is essential for socio-economic development, contributing significantly to poverty reduction, improved quality of life, and national security. Over the past 50 years, the World Energy Assessment has highlighted global advancements while underscoring the importance of energy security—defined as the reliable, affordable, and adequate supply of energy. Nigeria, one of Africa’s leading energy giants, […]
Lagos State Government Offers a 90-Day Amnesty for Planning Permit Compliance
Are you a property owner or developer with existing developments lacking proper Planning Permits? This is to inform you that the Lagos State Government is granting a 90-day amnesty period from May 2nd to July 30th, 2024. During this period, Planning Permits can be obtained without incurring statutory penalty fees. To take advantage of this […]
The Legal Propriety of Public Officers Owning Shares in Private Businesses or Corporations
The anti-corruption drive of the President Bola Ahmed Tinubu administration has received its first stress test arising from the crisis in the Ministry of Humanitarian Affairs, Disaster Management and Social Development (‘MHADMSC’). The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, recently announced that arising from allegations concerning the alleged misappropriation of N585,000,000 […]
The Legal Advisor
Ring in the New Year with Insight! Welcome to the inaugural issue of “The Legal Advisor” by Tope Adebayo LP, your go-to resource for everything in Corporate and Commercial Law! This 2024 kick-off edition dives deep into the groundbreaking trends revolutionizing M&A, SPACs, ESG investing, and Innovative Financing. Get the inside scoop on what’s shaping […]
Concurrent Delay in Construction Contracts: A Pragmatic Perspective
Introduction Delays on construction projects are common, often creating disputes over responsibility, extension of time and liquidated damages. Concurrent delays, where both the contractor and the employer contribute to the delay simultaneously, often create complexities. The legal principles governing concurrent delays are unsettled and inconsistent across common law jurisdictions. Nigeria has a significant dearth of […]
Revitalizing Investments in the Nigerian Oil and Gas Industry: The Presidential Order and Directives
On the 28th of February 2024, the President of the Federal Republic of Nigeria signed a Presidential Order and 2 Directives (the “Presidential Directives”) aimed at reattracting investments into the Nigerian Oil and Gas Industry which has been on the decline in recent years. These Presidential Directives aim to tackle the issue of low investments, […]
Procedure for the Registration of Title to Land in Nigeria
Ownership and transfer of land is the gamut of the real estate sector in Nigeria. The real estate sector in Nigeria is one of the most thriving industries in the country and although the circumstances and peculiarity of each land or property transaction vary, what will be found is that individuals, corporations, and investors tend […]
Bank Failures in Nigeria: Implications for Stakeholders – A Case Study of Heritage Bank.
Introduction On the 3rd day of June, 2024, The Central Bank of Nigeria (CBN) revoked Heritage Bank’s license, raising significant concerns among depositors, investors, and other stakeholders. Banks operate in a complex and sensitive environment, therefore, they are under various regulatory frameworks including the maintenance of certain capital reserves and adherence to Capital Adequacy Ratio […]
