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Key Commercial Issues Arising from the Guidelines on the Farm Out and Operation of Marginal Fields 2013

Detail Solicitors | Mar 18, 2014 | Newsletters

BACKGROUND Sequel to the announcement of the Marginal Fields Licensing Round 2013 (“Licensing Round”) by the Minister of Petroleum Resources, the Department of Petroleum Resources (“DPR”) released the Guidelines for Farmout and Operation of Marginal Fields (“the...

Impact of the Implementation of Basel II in the Nigerian Banking Sector

Detail Solicitors | Jan 31, 2014 | Newsletters

Introduction The Central Bank of Nigeria (CBN) on 10th December, 2013, announced the implementation of the Basel II and III recommendations of the Basel Committee on Banking Supervision (BCBS) with effect from January 2014. All commercial banks licensed by the CBN...

Nigeria PPP Review Volume 2 Issue1

Detail Solicitors | Dec 16, 2013 | Newsletters

Click here to download the “Nigeria PPP Review Volume 2 Issue1”

Financial Assistance in Acquisition and Structured Financing

Detail Solicitors | Dec 4, 2013 | Newsletters

Introduction Over the years, the prohibition on financial assistance in respect to acquisition and structured finance transactions has often come into question. This was most evident during the recent privatization exercise conducted in the Nigerian Electricity Power...

Judicial Endorsement of the Sanctity of PPP Contracts

Detail Solicitors | Oct 31, 2013 | Newsletters

INTRODUCTION From a private sector perspective, political risk is one of the most significant considerations in a Public Private Partnership (PPP) project.  Political risk refers to government’s lack of commitment to a project which may manifest as an outright...

Transfer Pricing Regulation – Impact on Entities Transacting Business in Nigeria

Detail Solicitors | Mar 13, 2013 | Newsletters

HISTORY Transfer Pricing (TP) is the process of setting the mechanism for the transfer of goods and services[1] between related entities[2] in a manner that ensures fair pricing and arms length dealing [3]. Simply put, related party transactions are compared with...
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