Olaniwun Ajayi LP

July 23, 2019

Nigeria Signs the African Continental Free Trade Area: What Next?

Two common expressions that have gained currency in trade parlance, “les absents ont toujours tort” (absent people are always wrong), and “if you are not at the table, you are...

June 17, 2019

Value Added Tax Exemption on Commissions from Stock Exchange Transactions Soon to Cease

The Value Added Tax (“VAT”) exemption currently enjoyed on commissions (a) earned on the traded value of shares; (b) payable to the Securities and Exchange Commission; (c) payable to the...

May 23, 2019

Protecting Intellectual Property Rights in a Software: A Jurisdictional Analysis

We conclude our software licensing series with Part D which is focused on ownership and registrability of intellectual property in software. Using the UK, USA and Nigeria as case studies,...

May 23, 2019

Penalties and Interest to Accrue from the Date of Failure to Remit Taxes

The Tax Appeal Tribunal (TAT) on 14 May 2019, delivered a judgement in the case of Shell Nigeria Exploration and Production Company Limited v. Lagos State Internal Revenue Service (LIRS)...

April 26, 2019

Restricting the Use of Your Software

Part B Software developers, like other creators, ideally, should be able to; exercise full ownership/legal rights over the software they have created, restrict the use of such software. However, this...

April 24, 2019

Electricity distribution image

Consultation Paper on the Development of a Regulatory Framework for Electricity Distribution Franchising in Nigeria

The Nigerian Electricity Regulatory Commission (NERC or the Commission) on 17 April 2019 published the “Consultation Paper on the Development of a Regulatory Framework for Electricity Distribution Franchising” (the Consultation...

April 11, 2019

The Legal Framework for Software Licensing Part A

Software represents the creative output of developers/programmers, therefore, the ownership of the proprietary rights/interest of the software and the rules protecting such rights have become increasingly important issues for many...

April 11, 2019

NIMASA’s Firm Stance on Cabotage Act Violations & Promotions OF Indigenous Participation in Cabotage Trading

MT Navigator Capricorn, a Liberian-registered vessel which is on lease to the Nigerian Liquefied Natural Gas (NLNG) Limited (the Vessel), began operation in Nigeria in October 2018. The Vessel supplies...

April 9, 2019

Update on the National Housing Fund (Establishment) Bill 2018

On 18 February, 2019, the National Assembly passed the National Housing Fund (Establishment) Bill 2018 (the NHF Bill) which seeks to repeal the National Housing Fund Act, Cap. N45, LFN...

April 9, 2019

Arbitration 2019 – Recent Trends | Taking Stock

2018 was an eventful year in the global arbitration space. Statistics show that London, Paris, Singapore, Hong Kong and Geneva are the five most preferred seats of arbitration. However, we...

July 23, 2019

Nigeria Signs the African Continental Free Trade Area: What Next?

Two common expressions that have gained currency in trade parlance, “les absents ont toujours tort” (absent people are always wrong), and “if you are not at the table, you are...

June 17, 2019

Value Added Tax Exemption on Commissions from Stock Exchange Transactions Soon to Cease

The Value Added Tax (“VAT”) exemption currently enjoyed on commissions (a) earned on the traded value of shares; (b) payable to the Securities and Exchange Commission; (c) payable to the...

May 23, 2019

Protecting Intellectual Property Rights in a Software: A Jurisdictional Analysis

We conclude our software licensing series with Part D which is focused on ownership and registrability of intellectual property in software. Using the UK, USA and Nigeria as case studies,...

May 23, 2019

Penalties and Interest to Accrue from the Date of Failure to Remit Taxes

The Tax Appeal Tribunal (TAT) on 14 May 2019, delivered a judgement in the case of Shell Nigeria Exploration and Production Company Limited v. Lagos State Internal Revenue Service (LIRS)...

April 26, 2019

Restricting the Use of Your Software

Part B Software developers, like other creators, ideally, should be able to; exercise full ownership/legal rights over the software they have created, restrict the use of such software. However, this...

April 24, 2019

Electricity distribution image

Consultation Paper on the Development of a Regulatory Framework for Electricity Distribution Franchising in Nigeria

The Nigerian Electricity Regulatory Commission (NERC or the Commission) on 17 April 2019 published the “Consultation Paper on the Development of a Regulatory Framework for Electricity Distribution Franchising” (the Consultation...

April 11, 2019

The Legal Framework for Software Licensing Part A

Software represents the creative output of developers/programmers, therefore, the ownership of the proprietary rights/interest of the software and the rules protecting such rights have become increasingly important issues for many...

April 11, 2019

NIMASA’s Firm Stance on Cabotage Act Violations & Promotions OF Indigenous Participation in Cabotage Trading

MT Navigator Capricorn, a Liberian-registered vessel which is on lease to the Nigerian Liquefied Natural Gas (NLNG) Limited (the Vessel), began operation in Nigeria in October 2018. The Vessel supplies...

April 9, 2019

Update on the National Housing Fund (Establishment) Bill 2018

On 18 February, 2019, the National Assembly passed the National Housing Fund (Establishment) Bill 2018 (the NHF Bill) which seeks to repeal the National Housing Fund Act, Cap. N45, LFN...

April 9, 2019

Arbitration 2019 – Recent Trends | Taking Stock

2018 was an eventful year in the global arbitration space. Statistics show that London, Paris, Singapore, Hong Kong and Geneva are the five most preferred seats of arbitration. However, we...