Month: June 2019

Sefton Fross advised Ignite Investments and Commodities Limited, an affiliate of Prudent Energy and Services Limited, on its acquisition of 74.02% of the issued share capital of Forte Oil Plc, beneficially owned by Femi Otedola, CON. Forte Oil Plc is one of Nigeria’s leading downstream oil and gas companies. Ignite Investments and Commodities Limited will …

Sefton Fross has advised Prudent Energy and Services Limited on its Successful Acquisition of a 74.02% Equity Stake in Forte Oil Plc. Read More »

Sefton Fross advised New Hampshire Capital Limited, a Meter Asset Provider, on its Partnership with the Ikeja Electricity Distribution Company as a Meter Asset Provider (MAP), in line with the policy of the Federal Government and the Nigerian Electricity Regulatory Commission (NERC) to bridge the metering gap in the country. The policy evolved from the …

Sefton Fross advises New Hampshire Capital Limited on its Partnership with the Ikeja Electricity Distribution Company as a Meter Asset Provider (MAP) Read More »

The regulator for the Nigerian insurance sector, National Insurance Commission (NAICOM) has increased the minimum paid-up capital of insurance companies by over 200% in a circular released on May 20 2019. The new guidelines are coming after NAICOM’s failure in its initial bid to shore up the minimum operating capital of insurance firms through its …

NAICOM (the regulator for the Nigerian insurance sector) increases the required Minimum Paid-up Capital for Insurance Companies in the Country Read More »