Introduction The COVID-19 pandemic (“the Pandemic”) continues to negatively impact practically every sector in Nigeria and the oil and gas sector has not been spared. In a bid to respond to and address the challenges occasioned by the pandemic, the nation’s foremost oil and gas regulator, the Department of Petroleum Resource (the “DPR”), recently issued
Learn MorePresident Muhammadu Buhari, PMB, on the 29th of March 2020pronounced a lockdown of Lagos and Ogun States and Abuja, foran initial 14days from the 30th of March to the 13th of April 2020 inorder to flatten the curve of the spread of the global pandemicofCorona Virus, Covid 19. within the country. The number ofconfirmed cases
Learn MoreThe apex bank in the country, the Central Bank of Nigeria, CBN on the3 rd of May, 2020 came out with a directive in which it stated that it hadstopped banks from sacking any employee during this period and thusallayed the fears of the general public on the status of the employees ofNigerian banks in
Learn MoreIn the wake of the COVID 19 pandemic, the Federal and State Government have undertaken stringent measures such as the creation of new laws, regulations and orders to tackle the spread of COVID 19 in the country. The Federal Government on the 29th of March 2020, ordered a cessation of all movements in Lagos, Ogun,
Learn MoreThe whole world is currently undergoing immense and unprecedented halt in global and economic activities due to the outbreak of the pandemic known as COVID-19. Businesses across the globe have had to shut down, with their employees working remotely, while a large number have lost their employment as a result of impracticality of payment of
Learn MoreIn Nigeria as in most developing economies, the COVID 19 outbreak puts enormous strain on the economy, even as it is still recovering from the 2016 economic recession which was as a result of a fall out of the global oil price crash and insufficient foreign exchange earnings to meet import costs. COVID 19’s effect
Learn MoreIntroduction The Nigerian Port Authority (NPA) and Nigeria Customs Service (NCS) are important agencies at the border and entry points in the country and have no doubt experienced a down turn in the dispensation of their regulatory functions with the outbreak of the Coronavirus (COVID-19) pandemic in Nigeria. Flowing from the increasing spread of the
Learn MoreThe oil and gas industry in Nigeria is extremely important to the country in terms of what it contributes to the economy and the necessity of energy for day to day living. This write-up will highlight the impact that the COVID-19 pandemic is having on the Nigerian oil and gas industry currently and in the
Learn MoreThe world has been taken by storm due to the spread of the coronavirus pandemic which has affected every facet of life. Due to the pandemic, many economies of the world, including Nigeria, are either slowing down or crumbling based on the effect on people and businesses, both large and small. This has led to
Learn MoreThe novel event of the very recent has indubitably shown that when we are confronted with a grave existential crisis, all other things hitherto considered essential pales into insignificance. In the wake of the outbreak of the neoteric Coronavirus Disease (code-named COVID-19), several institutions’ services were suspended and/or banned by the government. The Courts...
Learn MoreA LAUDABLE GESTURE TOWARDS MSMEs IN NIGERIA. As part of the Nigerian government’s resolve to continually make the business environment accessible and to ease the financial burden of registration of business on the public, the Vice-president in conjunction with Corporate Affairs Commission (CAC) has reduced the cost of registration of business name from NGN 10,
Learn MoreThe 18 th ordinary session of the Assembly of Heads of States and Governments of the African Union, held in Addis Ababa, Ethiopia in January 2012, adopted a decision to establish an African Continental Free Trade Area (AFCFTA) with an indicative date of 2018. The free trade area is to include all fifty-four (54) African
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