As governments, organizations, and individuals all over the globe continue to grapple with the precarious economic climate and other hardships occasioned by the COVID 19 pandemic, businesses and individuals are seeking pragmatic ways to ameliorate the effect of the pandemic on their business and personal...
The COVID-19 global health crisis has impacted every facet of the world economy, and the energy sector is no exception. The combined effect of lockdown measures across countries, the oil glut arising from the oil war between Saudi Arabia and Russia and the delay in...
The COVID-19 Snapshot seeks to highlight key changes in laws, regulations and practice due to the outbreak of the global pandemic as it impacts businesses in various key sectors of the Nigerian economy. The key focus areas as highlighted within the document include Corporate Governance...
A. INDUSTRY HIGHLIGHTS AND GLOBAL TRENDS NIGERIA Oil and Gas Oil prices rise as countries ease lockdown Nigeria amending 2020 budget with oil at $20 per barrel – Finance Minister IOCs under-reporting gas flare figures to evade new levies PPPRA delays petrol price update for May amid multiple FX rates Rivers...
Revenue(s) generated from air transportation and related activities is a major contributor to the Nigerian Gross Domestic Product (GDP). However, the current COVID-19 pandemic in Nigeria has greatly affected the activities of the aviation sector. According to Captain Nogie Megisson, the Chairman of Airline Operators of...
It is no news that the coronavirus (Covid-19) pandemic has disrupted all aspects of human interactions and livelihood. Since the commencement of its erratic spread in January 2020, countries have been forced to take a difficult stance by restricting movement of persons and social gatherings....
The global oil market is presently facing an unprecedented financial crisis with oil prices currently hovering around $26.44 per barrel as at the time of this report. Global oil demand has reduced by 30 million bpd which has hit an 18-year low, thus propelling talks...
As the lingering COVID-19 pandemic continues to pose a serious threat to life and livelihood, various countries have restricted the movement of its citizens through the declaration of states of emergency and lockdown orders. On the 29th of March, Nigeria joined global efforts to curb...
The novel Coronavirus Disease 2019 (Covid-19) is fast spreading around the world. The World Health Organization (WHO) declared it a pandemic on March 11, 2020. Presently, Covid-19 has affected 185 countries. The impact of the Covid-19 pandemic is greatly felt in the business sphere, especially with...
The doctrine of last seen is popular in various jurisdictions around the world today. In Nigeria, this doctrine is mostly used in cases involving murder and manslaughter. The doctrine simply means that the person last seen with a deceased bears full responsibility for his or...