Olaniwun Ajayi LP

September 5, 2023

An Overview of the Extant Gas Flare Regulations in the Nigerian Petroleum Industry

For the Nigerian energy industry, one issue stands out as an opportunity and a challenge – gas flaring. The billowing flames and plumes of smoke from our gas flares have...

August 14, 2023

OALP TAX PRACTICE QUARTERLY NEWSLETTER 2nd Quarter 2023

The second quarter of the year 2023 had an interesting start. It commenced with heightened curiosity as to what to expect after the general elections which ushered in a new...

July 21, 2023

OVERVIEW OF THE CBN’s GUIDELINES FOR CONTACTLESS PAYMENTS IN NIGERIA 2023

The Central Bank of Nigeria (CBN) has always strived to ensure that the Nigerian electronic payment system keeps up with global advancements in technology. In recognition of the technological advances...

July 19, 2023

REVIEW OF NIGERIAN ELECTRICITY REGULATORY COMMISSION’S GUIDELINES FOR SECONDARY ESCROW ACCOUNT MANAGEMENT FOR BILATERAL TRANSACTIONS BY ELECTRICITY DISTRIBUTION LICENSEES

The payment waterfall set out in the Multi-Year Tariff Order 2022 (MYTO 2022) and the Principal Collection Account (PCA) set up and managed by the NESI Stabilization Securities LTD (NESI-SSL)...

July 12, 2023

Taxation of International Shipping Companies in Nigeria: The Legal Regime

Following the issuance of a public notice by the Federal Inland Revenue Service(FIRS) to International Shipping Companies (ISCs) deriving income in Nigeria to regularize their tax compliance status, the FIRS...

July 10, 2023

Nigeria Data Protection Act 2023: Spotlight on Notable Provisions

The Nigeria Data Protection Act 2023 (the “NDPA”) was enacted in June 2023 to provide a comprehensive legal framework for data protection and privacy in Nigeria. In this edition of...

July 6, 2023

TECH Digest for June

Olaniwun Ajayi’s Technology, Innovation, and Fintech Team presents its Technology News Highlights (Highlights) for the month of June. The Highlights contain a summary of major local and international developments in...

July 3, 2023

OALP Dispute Resolution Practice Quarterly Newsletter 2nd Quarter 2023

The dawn of the year 2023 forebode a new beginning in the administration of the Federal Republic of Nigeria; the promise of which came to pass in the second quarter...

June 30, 2023

CBN (Customer Due Diligence) Regulations 2023: Overview and Potential Implications

On 20 June 2023, the Central Bank of Nigeria (CBN) issued the CBN (Customer Due Diligence) Regulation 2023 (the CDD Regulations). This regulatory initiative is aimed at assisting financial institutions...

June 26, 2023

Constitutional Amendment Relating to the Railway Transport Sector: A Panacea for Resuscitating the Railway Transport System in Nigeria?

As one of the astounding farewell accomplishments of the erstwhile President of the Federal Republic of Nigeria, His Excellency Muhammadu Buhari (the Erstwhile President), the Erstwhile President signed 16 (sixteen)...

September 5, 2023

An Overview of the Extant Gas Flare Regulations in the Nigerian Petroleum Industry

For the Nigerian energy industry, one issue stands out as an opportunity and a challenge – gas flaring. The billowing flames and plumes of smoke from our gas flares have...

August 14, 2023

OALP TAX PRACTICE QUARTERLY NEWSLETTER 2nd Quarter 2023

The second quarter of the year 2023 had an interesting start. It commenced with heightened curiosity as to what to expect after the general elections which ushered in a new...

July 21, 2023

OVERVIEW OF THE CBN’s GUIDELINES FOR CONTACTLESS PAYMENTS IN NIGERIA 2023

The Central Bank of Nigeria (CBN) has always strived to ensure that the Nigerian electronic payment system keeps up with global advancements in technology. In recognition of the technological advances...

July 19, 2023

REVIEW OF NIGERIAN ELECTRICITY REGULATORY COMMISSION’S GUIDELINES FOR SECONDARY ESCROW ACCOUNT MANAGEMENT FOR BILATERAL TRANSACTIONS BY ELECTRICITY DISTRIBUTION LICENSEES

The payment waterfall set out in the Multi-Year Tariff Order 2022 (MYTO 2022) and the Principal Collection Account (PCA) set up and managed by the NESI Stabilization Securities LTD (NESI-SSL)...

July 12, 2023

Taxation of International Shipping Companies in Nigeria: The Legal Regime

Following the issuance of a public notice by the Federal Inland Revenue Service(FIRS) to International Shipping Companies (ISCs) deriving income in Nigeria to regularize their tax compliance status, the FIRS...

July 10, 2023

Nigeria Data Protection Act 2023: Spotlight on Notable Provisions

The Nigeria Data Protection Act 2023 (the “NDPA”) was enacted in June 2023 to provide a comprehensive legal framework for data protection and privacy in Nigeria. In this edition of...

July 6, 2023

TECH Digest for June

Olaniwun Ajayi’s Technology, Innovation, and Fintech Team presents its Technology News Highlights (Highlights) for the month of June. The Highlights contain a summary of major local and international developments in...

July 3, 2023

OALP Dispute Resolution Practice Quarterly Newsletter 2nd Quarter 2023

The dawn of the year 2023 forebode a new beginning in the administration of the Federal Republic of Nigeria; the promise of which came to pass in the second quarter...

June 30, 2023

CBN (Customer Due Diligence) Regulations 2023: Overview and Potential Implications

On 20 June 2023, the Central Bank of Nigeria (CBN) issued the CBN (Customer Due Diligence) Regulation 2023 (the CDD Regulations). This regulatory initiative is aimed at assisting financial institutions...

June 26, 2023

Constitutional Amendment Relating to the Railway Transport Sector: A Panacea for Resuscitating the Railway Transport System in Nigeria?

As one of the astounding farewell accomplishments of the erstwhile President of the Federal Republic of Nigeria, His Excellency Muhammadu Buhari (the Erstwhile President), the Erstwhile President signed 16 (sixteen)...