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Legal Insight
Banks Taking Security Over Shares – A Review of the Consent Requirements Under the Banks and Other…
Section 20 of the Banks and Other Financial Institutions Act (BOFIA), 2020 provides two ways banks may acquire or hold shares in other entities. It provides that banks may hold shares in small and medium scale enterprises for business…
Reaching for a Hat-trick: Notes on the Asset Management Corporation of Nigeria Act Amendment Bill,…
In the first part of this article, the author introduced the intention behind the proposed amendments to the AMCON Amendment Bill 2021, and two of the proposed amendments – an expansion of the corporation’s powers over debtor(s)’ assets and…
Reaching for a Hat-trick: Notes on the Asset Management Corporation of Nigeria Act Amendment Bill,…
On 28 April 2021, the Nigerian Senate passed the Asset Management Corporation of Nigeria Act Amendment Bill, 2021 (SB.669) (“the 2021 Bill”) which proposes to amend the Asset Management Corporation of Nigeria Act No. 2, 2019. If assented to…
How to Register a Patent in Nigeria
A patent is a right granted to an inventor, which allows the inventor exploit the full rights and benefits from their invention/work (including right to use, sell, produce, mass produce) to the exclusion of all other users for a period of…
Criminalising the Payment of Kidnap Ransoms …… A look at the Terrorism Prevention (Amendment)…
The Nigerian Senate is considering the Terrorism Prevention (Amendment) Bill 2021 (the “Bill”) which seeks to amend the Terrorism (Prevention) Act 2011 (the “Terrorism Act”) to criminalise the payment of ransom to secure the release of a…
Criminalising the Payment of Kidnap Ransoms… a look at the Terrorism Prevention (Amendment) Bill…
The Nigerian Senate is considering the Terrorism Prevention (Amendment) Bill 2021 (the “Bill”) which seeks to amend the Terrorism (Prevention) Act 2011 (the “Terrorism Act”) to criminalise the payment of ransom to secure the release of a…
Regulatory Update: New Guidelines on the Minister’s Consent to Assignment of Interests in Oil and…
Recently, the Department of Petroleum Resources (regulator of Nigeria's petroleum industry) issued the ''Guidelines and Procedures for Obtaining the Minister's Consent to the Assignment of Interest in Oil and Gas Assets, 2021'' (the “New…
Regulatory Update: New Guidelines on the Minister’s Consent to Assignment of Interests in Oil and…
Recently, the Department of Petroleum Resources (regulator of Nigeria's petroleum industry) issued the ''Guidelines and Procedures for Obtaining the Minister's Consent to the Assignment of Interest in Oil and Gas Assets, 2021'' (the “New…
Private Equity Exits in Nigeria: A Primer on Preemption, Drag-Along and Tag-Along Rights
A fundamental fact of private equity is that it has a definite time horizon, usually 5 to 10 years, within which the investment is expected to reach its maturity and return profits to the investors. The key ambitions are exit and profit.…
The Power Sector, New Technologies and Emerging Business Opportunities (Part 1)
Proem:
I have provided in this piece, some thoughts on the role of new technologies in the electric power sector with excerpts from my new book on the electric power sector.
The Power Sector and Role of Technology:
In today’s…