Introduction The role of a company secretary has been subject to significant evolution over the last century. According to Black’s Law Dictionary, 5th Edition of 1979, a secretary is defined as “an officer charged with the direction and management of that part of the business of...
1. What is the Petroleum Industry Act about? The Petroleum Industry Act (PIA), 2021 is the new law which revamps the legal, regulatory, institutional, and fiscal framework for the oil and gas sector in Nigeria. In repealing the Petroleum Act 1969 and other laws,...
Introduction The Petroleum Industry Bill (PIB) was passed by the National Assembly on 1 July 2021 after about two decades of reviews and deliberations by industry players, legislators, interested stakeholders and pressure groups. In our previous reports on the PIB, we analysed key sections of the...
I. REVIEW OF THE GUIDELINES FOR THE INSPECTION OF SOLAR MINI-GRIDS IN NIGERIA Introduction Due to the exponential growth in installation and construction activities in the Solar Energy sector, as well as the Nigerian Electricity Supply Industry (NESI), it became paramount for a standardized manual/guidelines that would ensure...
A. INDUSTRY FOCUS ANALYSIS (I) AN OVERVIEW OF THE NIGERIAN ELECTRICITY REGULATORY COMMISSION (NERC) DOCUMENT NO. NERC/GL/2/2020 – GUIDELINES ON FILING APPLICATIONS FOR COMPETITION TRANSITION CHARGE BY ELECTRICITY DISTRIBUTION AND TRADING LICENSEES Introduction On 27 July 2020, the Nigerian Electricity Regulatory Commission (NERC) published the Guidelines on Filing...
1) INTRODUCTION Private Equity (PE) is a form of business financing. It is bankrolled by privatefinanciers/investment companies who donate capital not publicly listed, for an extended period of time to investments in target companies. The Investment and Securities Act 2007[1], defines PE as “…a type of...
A. INDUSTRY HIGHLIGHTS AND GLOBAL TRENDS NIGERIA Oil and Gas OPEC oil quota breach may precipitate price war Nigerian Govt misses revenue target on low oil prices and output DPR states that over 600 oil companies bid for Nigerias 57 marginal oilfields NNRC seeks total overhaul of Nigeria's oil & gas...
ENERGY FOCUS REPORT – JUNE 2020 A. INDUSTRY HIGHLIGHTS AND GLOBAL TRENDS NIGERIA Oil and Gas Ø OPEC+ agrees to extend deep oil output cuts through July Ø Nigeria’s oil & gas sector attracted $10m capital inflow in Q1 2020 Ø Deadline for PIB faces challenges; first drafts unlikely in FEC...
The Federal Government of Nigeria (FGN), in collaboration with Siemens AG, a German multinational industrial manufacturing company, created the Nigerian Electrification Roadmap (NER) 2019 which sets out a detailed three-phase plan for the Nigerian power sector and capacity expansion of the current power assets and...
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...