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Seplat Petroleum Development Company Plc an indigenous Nigerian oil and gas firm spent $8.3 million in buying put options for its oil production at a Brent crude strike price of $45 per barrel (January to June) and $40 per barrel (June to December for an undisclosed sum), according to recently released First Quarter 2016 results. […]

About 44 Major Companies listed on the Nigerian Stock Exchange have released First Quarter (Q1) 2016 results (See Fig Below), and Nairametrics has done some analysis to determine if there are any signals the results are flashing about the state of the Nigerian economy. When we compared the firm’s results this quarter to the 2015 […]

It is no news that Tantalizer, Nigeria’s foremost fast food company, has been recording recurring loses since 2012; a situation that calls for urgent restructuring or the company faces the inevitable, bankruptcy. The once flourishing business that started its first outlet at Festac Town, a Lagos suburb of 1 million, has been hit below the […]

The First Circuit affirmed in whole the summary dismissal of an employee’s disability discrimination claims on Monday, ruling that the employee failed to prove a prima facie case of repeated violations. The case is sure to come as a relief to employers who have often complained that federal anti-discrimination laws are overly onerous and hamper […]

Utah Gov. Gary Herbert signed a resolution this week declaring pornography a “public health hazard” and calling for more “education, prevention, research, and policy change … to address the pornography epidemic that is harming the people of our state and nation.” The non-binding resolution is a laundry list of harms allegedly created by the production […]

Tax day has come and gone. But that doesn’t mean in-house counsel can stop worrying about the IRS. Helping to keep the company on the right side of the tax code, while helping minimize its tax burden, is a year-round job. To help you out, here are our five top tax tips for in-house counsel, […]

The two men on trial were African American — but no member of their jury was, after the prosecution had dismissed all of the black, potential jurors in voir dire. And while that’s typically something the defendants and their attorneys might take issue with, a recent Nashville jury raised objections over the lack of diversity […]

According to the Bureau of Labor statistics, the legal profession is the one of the least (if not the least) racially diverse professions in the nation — 88 percent of lawyers are white. By contrast, 72 percent of surgeons and physicians are white. But it looks like these numbers might shift in time. There’s evidence […]

A former in-house lawyer for Vanguard group has a friend in the SEC in his wrongful termination battle against the giant mutual fund. It is a great example of the sort of whistleblower situation that no lawyer should wish on another. This is one more case in a recent series of relator suits against large […]

Yesterday, we wrote about a former Squire Patton Boggs associate who took to the Internet to decry the gender discrimination, sexual harassment, and “a very clear glass ceiling” found at major law firms. At many firms, the mother of two claimed, “having a baby apparently makes you worth less as a lawyer.” Her complaints line […]

The public could be getting access to Martin’s Beach again, after a ruling by the First District Court of Appeal in San Francisco yesterday. Surfers, picnickers, and beach goers had accessed Martin’s Beach in Half Moon Bay for decades, crossing private land to get to the secluded shoreline. That is, until 2010, when billionaire tech […]

An interesting case was affirmed for the defendant ski-resort at the Sixth Circuit recently, offering refresher insights into the proper means and technique of statutory interpretation. The case involved a lady in a wheelchair on a ski-lift tramway. Despite the prosaic facts, the plaintiff offered some curious legal theories in her injury claim. Statutory Interpretation: […]