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By Aderemi Ogunbanjo
An interesting development in recent United States ("US") financial reform legislation is a disclosure obligation contained in a miscellaneous provision of the proposed Dodd-Frank Wall Street Reform and Consumer Protection Act approved by the US House of Representatives on June 30, 2010 and by the Senate on July 15, 2010. According to section 1504 of the Bill, titled "Disclosure of Payments by Resource Extraction Issuers",
By Adeoye Adefulu
The Federal Government of Nigeria recently passed the Nigerian Oil and Gas Industry Content Development Act 2010 ("NCA") into law with the objective of fostering the development of indigenous service providers and utilization of Nigerian goods thereby creating economic linkages between the oil and gas industry, which had hitherto functioned as an enclave economy, and the wider Nigerian economy.
By Aderemi Ogunbanjo
The Nigerian Oil and Gas Industry Content Development Act (the "Act") which has just been signed into law is the cumulative result of decades of attempts by the government and stakeholders in the petroleum industry to ensure that the industry provides local value and maximized benefits to Nigerians.
By Aderemi Ogunbanjo
The Federal Government of Nigeria has announced the appointment of Mrs. Diezani Allison-Madueke as Minister of Petroleum.
By Damilola Adetunji, Jide Babalola
In light of the recent global and economic financial crisis, particularly in Nigeria, business enterprises and Governments alike have realized the important need to diversify in the area of raising capital to finance capital projects.
By Adeoye Adefulu
The Nigerian Minerals and Mining Act 2007 ("the Act") was passed into law on March 16, 2007 to repeal the Minerals and Mining Act, No. 34 of 1999 for the purposes of regulating the exploration and exploitation of solid materials in Nigeria.
By Adeoye Adefulu
The Petroleum Industry Bill, which promises to change the landscape of Nigeria’s petroleum industry was submitted by the Executive Branch of the Federal Government to the National Assembly in December 2008.
By Adeoye Adefulu
This part focuses on the operational aspects and reviews issues relating to licensing and environmental issues.
Corporate governance is considered to be the mainstay of modern day entrepreneurship.
By Adeoye Adefulu
The Investments and Securities Act (“new ISA”) was passed into law in June 2007. The Act was enacted to repeal the Investments and Securities Act 1999 (“old ISA”) and to establish the Securities and Exchange Commission (the “Commission” or “SEC”) as the apex regulatory authority for the Nigerian capital market as well as regulation of the market to ensure the protection of investors, maintain fair, efficient and transparent market and the reduction of systemic risk.
The promulgation of the Land Use Decree in 1978, brought about the vesting of exclusive powers over land comprised in the territory of any given State in the Governor of the State.