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The Gravitas Review of Business & Property Law Vol.16 No.2 – Print
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.16 No.2, there are well researched articles on:
- Maritime Law
- Corporate Law
- Energy Law
- Employment Law
- Legal Practice
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The Gravitas Review of Business & Property Law Vol.16 No.2 – E-Book
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.16 No.2, there are well researched articles on:
- Maritime Law
- Corporate Law
- Energy Law
- Employment Law
- Legal Practice
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Project Financing in Nigerian Oil & Gas: Navigating the IBRD Clause
0₦2,500.00Tumi Odunuga in his article, Project Financing in Nigerian Oil & Gas: Navigating the IBRD Clause, explores the complexities surrounding project financing in Nigeria’s oil and gas industry, particularly in relation to the constraints imposed by the World Bank’s Negative Pledge Clause under IBRD loan agreements. The clause broadly defines “Public Assets” to include those owned or controlled by the government, such as those under the Nigerian National Petroleum Company (NNPC) or its subsidiaries. This expansive interpretation poses significant challenges for financiers seeking to use project assets as collateral, as it potentially restricts the ability to secure interests in onshore and offshore infrastructure, joint venture stakes, or production-sharing contracts. To navigate these limitations, Odunuga discusses three practical approaches. First, Odunuga considers the possibility of seeking a waiver from the IBRD, though this option is rarely granted due to the institution’s cautious lending policies. Second, Odunuga examines the use of ring-fenced Special Purpose Vehicles (SPVs) that isolate project assets from the government’s balance sheet, thereby avoiding direct conflict with the Negative Pledge Clause, albeit with limitations regarding government-held equity. Third, Odunuga presents the offshore trust SPV structure as a more robust option, enabling lenders to protect their interests better while complying with IBRD conditions. Through these models, Odunuga highlights how Nigeria can facilitate project financing while maintaining its international financial obligations.
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The Gravitas Review of Business & Property Law Vol.16 No.2
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.16 No.2, there are well researched articles on:
- Maritime Law
- Corporate Law
- Energy Law
- Employment Law
- Legal Practice
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The Gravitas Review of Business & Property Law Vol.16 No.1 – Print
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.16 No.1, there are well researched articles on:
- Commercial Law & Practice
- Intellectual Property Law
- Data Protection & Privacy
- Employment Law
- Taxation
- Energy Law
- Medical Law
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The Gravitas Review of Business & Property Law Vol.16 No.1 – E-Book
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.16 No.1, there are well researched articles on:
- Commercial Law & Practice
- Intellectual Property Law
- Data Protection & Privacy
- Employment Law
- Taxation
- Energy Law
- Medical Law
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Analysis of the Challenges and Prospects of Domestic Gas Protection and Utilisation in Nigeria
0₦2,500.00Iyadah Viko & Bonnievolo Ecoma in their article, Analysis of the Challenges and Prospects of Domestic Gas Protection and Utilisation in Nigeria, analyse the challenges and prospects of domestic gas protection and utilisation in Nigeria through the prism of the extant regulatory framework, and makes recommendations based on its findings. Resource-bearing countries, especially those in the Global South, are generally known to be plagued by a resource curse, one which, amongst others, hampers them from effectively developing their natural resources to enhance their economic status. This plague, which represents a fundamental disconnect between reserves, production, utilisation, and national development, is regarded as responsible for the extreme poverty levels in some countries despite the abundance of highly valuable and profitable resources. In Nigeria, the resource curse appears to hold sway potently as the huge reserves of natural gas the country is endowed with have been subjected to intense flaring and venting, and suboptimal utilisation. The practice of flaring, which has continued unabated for over six decades, has significantly hampered economic growth, intensified energy and actual poverty, and resulted in profound health challenges, environmental damage, and the importation of gas to meet domestic demands. In spite of several reforms initiated by the Federal Government over the years, the effective protection and utilisation of gas has remained an arduous task. While previous regulatory frameworks on the subject were censured for being feeble, the new framework under the regime of the Petroleum Industry Act is projected as a game changer for domestic gas protection and utilisation. A cursory review, however, reveals profound replicative issues that could defeat the intentions of the framework, and hamper the effective protection and utilisation of gas in the country.
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The Gravitas Review of Business & Property Law Vol.16 No.1
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.16 No.1, there are well researched articles on:
- Commercial Law & Practice
- Intellectual Property Law
- Data Protection & Privacy
- Employment Law
- Taxation
- Energy Law
- Medical Law
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The Gravitas Review of Business & Property Law Vol.15 No.3 – Print
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.15 No.3, there are well researched articles on:
- Arbitration Law & Practice
- Banking Law & Practice
- Energy Law
- Intellectual Property Law
- Taxation
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The Gravitas Review of Business & Property Law Vol.15 No.3 – E-Book
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.15 No.3, there are well researched articles on:
- Arbitration Law & Practice
- Banking Law & Practice
- Energy Law
- Intellectual Property Law
- Taxation
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The Gravitas Review of Business & Property Law Vol.15 No.3
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.15 No.3, there are well researched articles on:
- Arbitration Law & Practice
- Banking Law & Practice
- Energy Law
- Intellectual Property Law
- Taxation
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Evolving Narrative in Energy Transition – A Case for “Integrated”, Hybrid Thermal-Renewable Power Purchase Agreements
0₦2,500.00Victor Ayo-Odewale in his article, Evolving Narrative in Energy Transition – A Case for Integrated, Hybrid Thermal-Renewable Power Purchase Agreements, explores the implications of this structure for energy transition and energy contracts. Ayo-Odewale examines the prospects of the extant regulatory framework and recent initiatives in the Nigerian electricity sector to accommodate this hybrid generation of electric power trend. The rapid expansion of the global energy transition market backed by massive investment in renewable energy infrastructure presents a significant challenge for the African continent and, indeed, Nigeria. The continent is under pressure to phase out fossil fuel use and transition to clean energy while it continues to grapple with energy security concerns for its vast population. To ensure a gradual and sustainable transition without decarbonizing their economies into poverty, regulators in certain climes are revising norms and setting up structures to allow parties to bundle renewable energy with fossil fuel under existing fossil fuel-based power purchase agreements. Ayo-Odewale concludes that to fully leverage the benefits of this structured integration and ensure optimal utilization of Nigeria’s rich fossil fuel reserves as the country gears towards net-zero emissions by 2060, energy regulators (including key stakeholders) must be the first mover by driving pioneering initiatives to encourage, support and increase investments in both on-grid and off-grid electric power projects.