Like in other developing Countries, in Nigeria, there are instances where the government at the Federal, State or even Local may partner with private entities who have the expertise and finances under the Private Public Partnership ...

The enactment of the Petroleum Industry Act (PIA) 2021 and the subsequent Nigerian Upstream Petroleum (Assignment of Interests) Regulations...

On 13 January, 2016, the International Accounting Standard Board announced the issuance of a new accounting standard: International Financial Reporting Standard 16, on leases, which took effect on 1 January 2019.

The Petroleum Industry Act 2021(the Act) introduces the Petroleum Host Community Development (PHCD) under Section 234 of the Act. The Host Community Development Trust was introduced by...

In a wet lease arrangement, the lessor provides not only the aircraft but also the crew, maintenance, insurance, and other operational services to the lessee.

Subject to the amendments by the Finance Act 2019 to several provisions of the Stamp Duties Act Chapter S8 LFN 2004 (as amended), the Federal Inland Revenue Service issued a circular entitled ...

The Cape Town Convention on International Interests in Mobile Equipment, commonly known as the Cape Town Convention (CTC), is an international treaty that standardises transactions involving movable property.

There are various land documents in Lagos relevant to buying a house in Lagos Nigeria.

Nigeria's aviation market relies heavily on leased aircraft, creating significant opportunities for international lessors and financiers. However, foreign exchange volatility, regulatory complexities, and enforcement challenges mean that every aircraft lease must be structured with asset recovery in mind. The critical question is not whether a lease will perform as expected, but whether lessors can swiftly protect and recover their assets when transactions become distressed.

Leasing is a growing market in Nigeria. According to a report released by the Equipment Leasing Association of Nigeria (ELAN), the Nigerian Leasing industry recorded 1.6% growth in Q1 2022.

Air transportation is easily one of the most incredible and remarkable innovations in the history of man. It has redefined how people and goods move across the world, offering the highest level of speed and flexibility amongst various travel options. Yet, this convenience comes at the indispensable cost of being the most expensive travel option available.

If the interest in an engine installed in an airframe is held by a person other than the person who holds interest in the airframe, the risk of title annexation does exist...