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The National Assembly has finally passed the Petroleum Industry Bill (PIB), 2021. The key objective of the PIB is to overhaul and transform the Nigerian oil gas industry.

A company may owe you money, but its separate legal personality does not necessarily place the individuals behind it beyond your reach. Where a director, shareholder or third party has personally guaranteed the company’s obligations, where the circumstances justify imposing personal liability, or where legislation expressly provides for such liability, there may be a lawful route to recovering the debt from the individual’s personal assets.

A Bill of Lading is an instrument in writing, signed by a carrier or his agent, describing the freight so as to identify it, stating the name of the consignor, the terms of the contract...

Whilst the entertainment industry comprises of individuals using their creative skills, abilities and contents for wealth and job creation; its management is running the affairs and careers of such individuals ...

One of the trends in electronic communication in today's world is the use of emoji. An emoji has been defined as "a digital image that is added to a message in electronic communication in order to...

If you are a startup or business generally about to pitch to investors, you may want to have a Non-Disclosure Agreement (NDA) to make sure that any confidential ...

The Central Bank of Nigeria, in collaboration with the Financial Markets Dealers Association, has introduced the Nigerian Overnight Financing Rate (NOFR) as Nigeria's new overnight interbank benchmark.

Doing business in Nigeria has become more accessible thanks to rapid technological advancements. For foreign investors, safeguarding business interests is crucial to ensuring long-term success...

The Finance Act 2020 (the "FA 2020"/ "the Act") was signed into law on 31st December, 2020 and took effect from 1st January 2021.

A contract of affreightment is an agreement between a charterer and a ship owner where the ship owner agrees to transport a specific number of goods for the charterer at a specified period.

For nearly two decades, drilling operators in Nigeria have been fighting the same argument in different courtrooms: is an offshore drilling rig a “vessel” under the Cabotage Act, or not? Noble Drilling first raised the question at the Federal High Court back in 2008 and won, only for the Court of Appeal to reverse the decision on a technicality, leaving the real question unsettled for the industry ever since.

With the growth of commerce, disputes are bound to arise. When these disputes arise, parties involved approach the courts to ventilate their displeasures and enforce their rights.

These arrangements are typically documented in concession agreements which vary in form depending on the needs of the parties.

Business entities have many objectives, including making a profit and, to a large extent, maximising stakeholders' interests. Business risks such as a harsh business environment,...

In the first part of this article, we, among other things, examined the first three out of the five default rules that govern the passing of property in goods...

Have you ever heard of the term due diligence in a transaction? Ever wondered why it is so popular amongst investors or corporations?

In Nigeria's technological landscape, the National Office for Technology Acquisition and Promotion (the "NOTAP") is the primary government agency responsible for overseeing technology transfer activities in the country.

An oral contract is an express or implied agreement which creates legal rights and obligations outlined or agreed to in spoken words.