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The BBC is reporting that the Nigerian Industrial Court has stopped the Nigerian Labour Congress from embarking on nationwide strike on Wednesday over the 67% increase in petrol prices. This followed a law suit filed against the unions by the federal government. The court prevented the labour unions from going on strike pending the conclusion […]

Nigeria is flirting with economic disaster, as an investable interest rate hike will further dampen economic growth that is already at 2.80 percent, the lowest in a decade. This is because the Central Bank of Nigeria (CBN), in its next MPC meeting, will be in an unavoidable dilemma as to whether to increase the MPR […]

The Central Bank of Nigeria, (CBN) has granted banking license to Nigeria’s first Islamic banking institution, Jaiz Bank. Chairman of the bank, Alhaji Umar Abdul-Muttalab while making this disclosure in a meeting with the Sultan of Sokoto, Dr. Saad Abubakar on Sunday, said the bank can now run its operations nationwide. According to Muttalab, Jaiz […]

SEPLAT Petroleum Development Company Plc (“SEPLAT” or the “Company”), a leading Nigerian independent oil and gas exploration and production company, on Monday, presented its “facts behind the figures” for its audited full-year 2015 results at the Nigerian Stock Exchange. Presenting the details of SEPLAT’s full-year 2015 performance, ahead of its Annual General Meeting scheduled for […]Read More

The Federal Government will soon appoint a transition adviser that will help develop the process for the establishment of a national carrier. Minister of State for Aviation, Hadi Sirika on Monday, gave this insight while briefing aviation stakeholders in Abuja. The minister said that the new national carrier would be private sector driven, while the […]

One of the leading financial institution in Nigeria, Zenith Bank Plc, and French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism, have signed a US$100 Million power sector credit facility. The facility was signed at the Presidential Villa in Abuja during the security summit was witnessed by the visiting […]

As lawyers, we’re all writers. But we’re not poets here, and legal writing doesn’t have to be (and probably shouldn’t be) best-seller worthy. It should be better, though: clear, accessible, and sometimes even enjoyable to read. And there’s a bevy of automated editing and proofreading software out there that promises to improve your writing with […]Read More

President Obama signed the Defend Trade Secrets Act into law last week, giving powerful new tools to companies looking to protect their trade secrets from misappropriations. The act adds two major weapons to the corporate legal arsenal: a federal cause of action for trade secrets theft and a civil seizure mechanism that gives the act […]

An Indiana lawyer who stayed in the game and brought a parking ticket all the way to Indiana’s appeals court won on the issue of when a ticket is “paid”. Score one for motorists everywhere. It’s nice to see that at least some within the population do not simply pay parking tickets lying down and […]Read More

Submitted by Ingrid Carlqvist via The Gatestone Institute, The library in Arvika surprised patrons by offering Arabic language courses. Many Swedes wondered if offering courses in Swedish to the Arabic-speaking immigrants would not be more productive. The library, however, does not offer any such service. The Immigration Service released a new report on April 8, […]

In a word… “yes,” VIX is too low based on the fundamentals underlying the economy, according to Goldman Sachs. Mapping VIX back to the economy: Our research indicates that changes in the unemployment rate, ISM new orders and consumer spending are three macro variables with explanatory power for modeling S&P 500 realized volatility and VIX […]Read More

One recurring theme observed throughout the oil rally since the February 13 year lows, has been increasingly more aggressive hedging action by producers, who are willing to give up upside gains in order to protect from yet another swoon lower in prices. And, as Goldman cautions in its latest note on ongoing imbalances in the […]