On May 20, 2024, the Federal High Court extended an interim order, halting any changes to the existing drilling contract conditions between Dolphin Drilling, a Norwegian offshore drilling contractor, and Lagos-based General Hydrocarbons Limited (GHL)

The digital landscape is constantly evolving, and so is the concept of wealth. Today, digital assets like social media accounts, domain names, cryptocurrencies, intellectual property software etc., have the potential to be as valuable as traditional assets like real estate and stocks.

On May 24, 2024, the Securities and Exchange Commission (SEC) announced its intention to release a comprehensive framework to support the recapitalization of banks in Nigeria in the coming weeks.

On April 29, 2024, the Competition and Consumer Protection Tribunal (CCPT) in Abuja issued an ex parte order preventing MultiChoice Nigeria Limited (“MultiChoice”) from increasing tariffs on its DStv and GOtv packages.

On May 6, 2024, the Central Bank of Nigeria (CBN) issued a circular mandating all banks, other financial institutions, and payments service providers within Nigeria to impose a cybersecurity levy of 0.5% on all eligible electronic transactions.

The Nigerian Electricity Regulatory Commission (NERC) has announced a major restructuring initiative with the introduction of the Nigerian Independent System Operator Limited (NISO).

The Advertising Regulatory Council of Nigeria (ARCON) announced the introduction of a comprehensive register of licensed Advertising Practitioners and Advertisement Agencies.

The Federal Government of Nigeria has signed a Memorandum of Understanding (MoU) with the Government of Japan.

In a landmark move against discrimination, the Court of Appeal recently invalidated Regulation 127 of the Nigeria Police Regulations.

The Lagos State Government (LASG) has stepped up its enforcement against unauthorized constructions, signaling a renewed commitment to strict adherence to urban planning regulations.