Olaniwun Ajayi LP

August 1, 2024

Federal High Court recent decision on private companies in Nigeria

Federal High Court Validates Single Shareholder Transition for Legacy Private Companies

On July 30, 2024, the Federal High Court in Abuja ruled that section 18(2) of CAMA 2020, which allows private companies to have a single shareholder, applies to all private...

July 31, 2024

Operationalization of the Meter Acquisition Fund

Review of the Order on the Operationalisation of the Meter Acquisition Fund (Tranche A)

A major challenge for electricity Distribution Companies in Nigeria is the inadequate metering of end-use customers. This contributes to the Aggregate Technical Commercial & Collection (ATC & C) losses experienced...

July 29, 2024

FG Announces New Mining Rates in Nigeria

New Rates for Mining Services in Nigeria

As part of its ongoing concerted efforts at burgeoning interest within, and enhancing, the mining sector, the Ministry of Solid Minerals Development (the Ministry) on behalf of the Federal Government...

July 22, 2024

Lawyers at Olaniwun Ajayi advise Blackrose Investment on AkwaIbom plant

Olaniwun Ajayi (UK) LLP and Olaniwun Ajayi LP Advise on Pre-Development Debt Financing for Blackrose Investco Limited’s Landmark US$1.6 Billion Natural Gas to Methanol Project

We are delighted to announce our role as English Law and Nigerian law advisers to Africa Finance Corporation (AFC) on this landmark project development facility to Blackrose. This financing is...

July 18, 2024

Tax Laws in Nigeria 2024

OALP Tax Practice 2nd Quarter Newsletter 2024

Still on the mandate of the ‘Renewed Hope Agenda’, this second quarter of 2024 was characterised by progressive government policies and judicial interpretations, on the operation of taxation legislation in...

July 17, 2024

Analysing Nigeria's Deduction of Tax at Source Regulation 2024

Deduction of Tax at Source (Withholding) Regulations 2024

Given the uncertainties surrounding the implementation of withholding tax in Nigeria, the Ministry of Finance, on 01 July 2024 introduced the Deduction of Tax at Source (Withholding) Regulations 2024 (the...

July 3, 2024

A Review of the Latest Nigerian Superior Court Cases in 2024 by Olaniwun Ajayi LP

OALP Dispute Resolution Practice Quarterly Newsletter – 2nd Quarter 2024

In the second quarter of this year, Nigeria and progressive jurisdictions saw significant legal advancements. Nigeria’s appellate courtrooms were centres of radical changes in legal principles. Recent decisions covered crime...

June 20, 2024

Investment Guide for the Electricity Sector in Nigeria 2024

Investment Guide for the Electricity Sector in Nigeria 2024

The recent amendment to Item 14 of the Concurrent Legislative List in Nigeria’s 1999 Constitution now allows states to regulate their electricity sectors. Along with the new Electricity Act 2023,...

June 11, 2024

Key Insights from the AfDB 2024 African Economic Outlook Report

In May 2024, the AfDB launched the African Economic Outlook 2024 with the theme: Driving Africa’s Transformation: The Reform of the Global Financial Architecture. The report presented positive economic projections...

June 6, 2024

NERC establishes ISO for Nigerian Electricity Supply

Review of the NERC Order on the Establishment of the ISO for the NESI

On April 30, 2024, the Nigerian Electricity Regulatory Commission (NERC) took action, issuing an order to establish an Independent System Operator (ISO) in line with the provisions of the Electricity...

August 1, 2024

Federal High Court recent decision on private companies in Nigeria

Federal High Court Validates Single Shareholder Transition for Legacy Private Companies

On July 30, 2024, the Federal High Court in Abuja ruled that section 18(2) of CAMA 2020, which allows private companies to have a single shareholder, applies to all private...

July 31, 2024

Operationalization of the Meter Acquisition Fund

Review of the Order on the Operationalisation of the Meter Acquisition Fund (Tranche A)

A major challenge for electricity Distribution Companies in Nigeria is the inadequate metering of end-use customers. This contributes to the Aggregate Technical Commercial & Collection (ATC & C) losses experienced...

July 29, 2024

FG Announces New Mining Rates in Nigeria

New Rates for Mining Services in Nigeria

As part of its ongoing concerted efforts at burgeoning interest within, and enhancing, the mining sector, the Ministry of Solid Minerals Development (the Ministry) on behalf of the Federal Government...

July 22, 2024

Lawyers at Olaniwun Ajayi advise Blackrose Investment on AkwaIbom plant

Olaniwun Ajayi (UK) LLP and Olaniwun Ajayi LP Advise on Pre-Development Debt Financing for Blackrose Investco Limited’s Landmark US$1.6 Billion Natural Gas to Methanol Project

We are delighted to announce our role as English Law and Nigerian law advisers to Africa Finance Corporation (AFC) on this landmark project development facility to Blackrose. This financing is...

July 18, 2024

Tax Laws in Nigeria 2024

OALP Tax Practice 2nd Quarter Newsletter 2024

Still on the mandate of the ‘Renewed Hope Agenda’, this second quarter of 2024 was characterised by progressive government policies and judicial interpretations, on the operation of taxation legislation in...

July 17, 2024

Analysing Nigeria's Deduction of Tax at Source Regulation 2024

Deduction of Tax at Source (Withholding) Regulations 2024

Given the uncertainties surrounding the implementation of withholding tax in Nigeria, the Ministry of Finance, on 01 July 2024 introduced the Deduction of Tax at Source (Withholding) Regulations 2024 (the...

July 3, 2024

A Review of the Latest Nigerian Superior Court Cases in 2024 by Olaniwun Ajayi LP

OALP Dispute Resolution Practice Quarterly Newsletter – 2nd Quarter 2024

In the second quarter of this year, Nigeria and progressive jurisdictions saw significant legal advancements. Nigeria’s appellate courtrooms were centres of radical changes in legal principles. Recent decisions covered crime...

June 20, 2024

Investment Guide for the Electricity Sector in Nigeria 2024

Investment Guide for the Electricity Sector in Nigeria 2024

The recent amendment to Item 14 of the Concurrent Legislative List in Nigeria’s 1999 Constitution now allows states to regulate their electricity sectors. Along with the new Electricity Act 2023,...

June 11, 2024

Key Insights from the AfDB 2024 African Economic Outlook Report

In May 2024, the AfDB launched the African Economic Outlook 2024 with the theme: Driving Africa’s Transformation: The Reform of the Global Financial Architecture. The report presented positive economic projections...

June 6, 2024

NERC establishes ISO for Nigerian Electricity Supply

Review of the NERC Order on the Establishment of the ISO for the NESI

On April 30, 2024, the Nigerian Electricity Regulatory Commission (NERC) took action, issuing an order to establish an Independent System Operator (ISO) in line with the provisions of the Electricity...