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...
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...