admin

Shoreline Group, a Nigerian oil producer, has halted plans to issue $500m worth of Eurobonds and will sack 700 of its employees amid the sustained drop in global oil prices, the Chief Executive Officer of the firm, Mr. Kola Karim, has said. Brent crude is now hovering below $30 per barrel and the Central Bank […]

The calls for the Buhari led administration to devalue the Naira hasn’t stopped, as ratings agency, Standard & Poor’s reiterated on Thursday that Nigeria will have to devalue its currency, saying it expected this to happen at some stage in 2016 and in gradual adjustments. Analysts and investors have said that the devaluation of the […]

1.Oil is recovering:The price of Brent crude is up 3.66% to $30.70. 2.Google’s Android operating system has generated revenue of more than $30 billion:Google’s Android operating system has earned an income of $31 billion (£21.7 billion) and profit of $22 billion (£15.4 billion),Bloomberg reports. 3.Zimbabwe have started cloud seeding to tackle rainlessness:Daily News reported earlier […]Read More

The ongoing battle between MTN and the Federal Government as regards the $3.9 billion fine imposed by the Nigerian Communications Commission (NCC), has taken another twist, as the Judge handling the case has adjourned the matter to March 18, 2016 in order to enable parties to try and settle matter. MTN had earlier been ordered […]

Chart: From Bloomberg The impact of the continued slide in the price of crude is well known to everyone who has been tracking Nigeria’s economic situation particularly the exchange rate. One thing that has however not been fully acknowledged is the role OPEC (an organisation that Nigeria belongs to) played in all of this. From […]

Greenberg Traurig, one of the world’s largest multinational law firms, just got a little bigger recently. Former New York mayor Rudy Giuliani will be joining its ranks as the firm’s Global Chair of the firm’s Cybersecurity and Crisis Management Practice. It’s nice to know that at least Greenberg Traurig has a department to cybersecurity — […]Read More

Your client tells you he’s going to kill his ex-girlfriend and bomb state police barracks. Or perhaps you have an elderly client with limited capacity, who just got a new, very controlling, home health aide. Maybe you took on a case that you realize you don’t have the resources to handle. What do you do? […]

As I ride to work this morning I am listening to news economic analysis and I fear for this country, for me and for my children. Oil is now sub $30 against a budget benchmark, international oil suppliers I hear are blacklisting us, shell and chevron to sack 18,000 workers and as the radio presenter […]

Nigerian stocks closed on a positive note today as the All Share Index (ASI) was up 3.91% to close at 23,335.01. This is the second consecutive day this year that the exchange has closed on a positive note, following its 4% rise yesterday. Here is a snapshot of today’s trading: ASI: 23,335.01 DEALS: 3,865.00 VOLUME: […]Read More

It was a frontier-themed set of oral arguments in the Supreme Court today, as attorneys debated how to define native tribal territory and the extent of federal regulation over wild lands. The first case involves liquor stores and the boundaries of the Omaha Indian Reservation since 1882. The second concerns a 70-year old elk hunter […]

If you purchased some bulk shrimp from Costco last summer, it’s possible that your shrimp cocktail included seafood that was “derived from a supply chain that depends upon documented slavery, human trafficking, and other labor abuses” — at least according to a lawsuit against the company. A California woman sued the retailer last August, alleging […]

As the world of contract law becomes ever more complex, and as app-authors and programmers get ever more callow about the legal realities of licensing, its easy for parties to get caught up in ‘get rich’ enthusiasm. They do so at their peril. Copyright and other IP lawsuits lurk around every corner. We’ll go over […]