Corporate Attorneys, Arbitrators, Tax Consultants & Notary Public
Lagos, Nigeria
Joined February 2017
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4/7 — PRODUCTION COST PRICING (PCP)
PCP would base prices on actual domestic production, refining and distribution costs, rather than import or foreign-exchange parity.
Supporters may see it as a way to better reflect local costs.
#Fuelsubsidy #PIA2021 #Subsidy
6/7 — THE REGULATOR STILL MATTERS
The PIA empowers the NMDPRA to address market failure and anti-competitive practices, including price-fixing and abuse of market dominance.
The debate is therefore about both pricing policy and effective regulation.
#Fuelsubsidy #PIA2021
BUSINESS MONDAY | PETROLEUM PRICING IN NIGERIA: IPP, PCP OR SUBSIDY?
1/7 Why should petrol refined in Nigeria still be priced with reference to global markets?
Should Nigeria change its pricing model—or is market pricing the better option?
Let's examine the law and the economics.
🤖 Made with AI
3/7 — IMPORT PARITY PRICING (IPP)
IPP references international product prices, crude benchmarks, foreign exchange, freight and other costs associated with supplying products to Nigeria.
Even locally refined products may be priced with reference to these benchmarks.
#Fuelsubsidy
2/7 — WHAT DOES THE PIA SAY?
Section 205 of the Petroleum Industry Act 2021 provides for market-driven pricing rather than routine government price-fixing.
But market pricing does not mean the regulator has no role.
#PIA2021 #Fuelsubsidy #Subsidy
1/8
Think you need tens or hundreds of millions in cash before you can own a house?
Not necessarily.
The route to homeownership can involve mortgage financing rather than paying the entire purchase price upfront.
But there is a lot you need to understand first. A thread.
🤖 Made with AI
7/8
So your mortgage journey shouldn't start with: “How quickly can I get the money?” It should also include:
Title search, Document verification, Property valuation, Legal due diligence, Mortgage documentation.
Finance the right property — not just any property.
8/8
HOMEOWNERSHIP STARTS WITH A PLAN.
Know your financing options. Understand the repayment obligation. Verify the property.
Get proper legal guidance. Before you borrow to buy or build, speak to a property lawyer.
#MortgageNigeria #HomeOwnership #PropertyLaw #BeforeYouBuy
1/10
Are Nigerian businesses leaving money and opportunities on the table by ignoring Free Zones?
Nigeria currently has 42 Free Zones and over 500 licensed Free Zone enterprises.
But what exactly makes them attractive?
Let's break it down. A thread
#Freetradezone
🤖 Made with AI
9/10
Free Zones can serve as a strategic platform for:
Nigerian businesses expanding internationally
Foreign investors entering Nigeria
Manufacturers scaling production
Export-oriented businesses
Oil & gas operators
Agribusinesses
Technology & logistics companies.
10/10
Your business can strategically leverage on the benefits?
ELIX LLP advises businesses and investors on Free Zone structuring, licensing, regulatory compliance and investment strategy.
Would your business benefit from operating in a Free Zone?
#FreeZonesNigeria #Business