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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...
In our previous article, we examined Administration as a new insolvency option under Nigerian corporate law, using Moorhouse Company Limited\'s case as an example. Key points included appointing an Administrator, mandatory statutory procedures, and the...
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....
Under previous Nigerian law, only public companies, statutory bodies, and banks could publicly offer or trade securities, while private companies were restricted. The 2023 Business Facilitation Act amended section 67(1) of the Investments and Securities...
This publication discusses the process of Administration from a practical perspective, highlighting the lessons learned from The Moorhouse Administration, and will serve as a guidance note to insolvency practitioners, insolvent corporate entities, creditors,...
During his book launch in February 2024, the former Minister of Works and Housing, Mr. Babatunde Raji Fashola, advocated for the adoption of monthly rental charge in the Nigerian Real Estate Industry. His argument was premised on the ground that yearly...
During his book launch in February 2024, the former Minister of Works and Housing, Mr. Babatunde Raji Fashola, advocated for the adoption of monthly rental charge in the Nigerian Real Estate Industry. His argument was premised on the ground that yearly...
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...
The Nigerian pension industry stands as a critical pillar in the nation\'s socio-economic landscape to ensure the financial security of millions of retired citizens. A key feature of the Nigerian Contributory Pension Scheme (“CPS”) that has aroused commendation...