Category: Energy

Financial,Depressing,And,Growth,Graph,Stock,Trading,On,Bokeh,Background
DEBT RECOVERY IN NIGERIA: LEGAL INSIGHTS, STRATEGIES AND PRACTICAL APPROACHES
The Money Laundering (Prevention and Prohibition) Act, 2022 introduces stricter regulations for financial and non-financial businesses in Nigeria. It mandates reporting suspicious transactions, customer identification, and record-keeping, with significant...
Handcuff Money laundering
APPLICATION OF THE MONEY LAUNDERING (PROHIBITION) ACT TO LEGAL PRACTITIONERS IN NIGERIA: THE JOURNEY SO FAR
The Money Laundering (Prevention and Prohibition) Act, 2022 introduces stricter regulations for financial and non-financial businesses in Nigeria. It mandates reporting suspicious transactions, customer identification, and record-keeping, with significant...
COurt Nigeria
THE SUPREME COURT’S DECISION IN ATTORNEY GENERAL OF THE FEDERATION AND ATTORNEY GENERAL OF ABIA STATE & 35 OTHERS: APPRAISING THE FISCAL IMPLICATIONS OF LOCAL GOVERNMENT AUTONOMY
In a landmark decision, Nigeria\'s Supreme Court has reinforced the financial autonomy of Local Governments, ruling against State Governors withholding funds. This judgment empowers Local Governments to receive direct allocations from the Federation Account,...
Tax
THE NIGERIAN 2024 WHT REGULATIONS AND THEIR EFFECT ON TAX GROSS-UP PROVISIONS IN CONTRACTS
Nigeria\'s Ministry of Finance issued the Deduction of Tax at Source (Withholding) Regulation 2024, reshaping the rules for Withholding Tax (WHT). This regulation emphasizes that WHT should not add extra costs to contracts. This article explores gross-up...
Find,Spies,Among,Employees.,Counterintelligence
CORPORATE ESPIONAGE: ITS IMPACT ON BUSINESSES AND ECONOMY FROM THE NIGERIAN DATA PROTECTION LAW PERSPECTIVE
Corporate espionage, or industrial espionage, involves obtaining trade secrets from competitors through illegal or unethical practices. This act poses a grave threat to businesses, leading to devastating financial consequences. As technology advances,...
Electricity
CHARTING THE FUTURE OF NIGERIA\'S ELECTRICITY SECTOR: EVALUATING THE IMPLICATIONS OF NERC’S ORDER ON THE ESTABLISMENT OF AN ISO FOR THE NESI
Recent months have seen significant changes in the Nigerian Electricity Supply Industry (NESI) due to a Constitutional amendment and the Electricity Act 2023 (EA 2023). These reforms aim to decentralize the system, increasing sector activity. Despite...
Electricity
CHARTING THE FUTURE OF NIGERIA\'S ELECTRICITY SECTOR: EVALUATING THE IMPLICATIONS OF NERC’S ORDER ON THE ESTABLISMENT OF AN ISO FOR THE NESI
Recent months have seen significant changes in the Nigerian Electricity Supply Industry (NESI) due to a Constitutional amendment and the Electricity Act 2023 (EA 2023). These reforms aim to decentralize the system, increasing sector activity. Despite...
CURRENT GAS POLICIES CHALLENGES AND PROSPECTS
CURRENT GAS POLICIES CHALLENGES AND PROSPECTS
Nigeria, a major crude oil producer, is often called a gas province with some oil. Despite vast natural gas resources estimated at over 200 trillion cubic feet, gas revenue lags behind oil. This highlights missed opportunities in revenue and energy development....
Petroleum Upstream
HOST COMMUNITIES DEVELOPEMENT TRUSTS UNDER THE PIA: POLICY VS. PRACTICE
The Petroleum Industry Act (PIA) was enacted in 2021 to regulate Nigeria\'s oil and gas industry. One of its key provisions is the establishment of Host Communities Development Trusts under Chapter 3 of the PIA. The introduction of the Host Community...
Renewable Energy
FINANCING RENEWABLE ENERGY PROJECTS IN NIGERIA
As the name indicates, renewable energy refers to energy that is generated from natural sources which replenishes itself at a rate higher than the rate of consumption. They are also referred to as clean energy. Examples of this class of energy include...