Gas Up, Emissions Down: Nigeria’s Drive Towards CNG Tricycles
Nigeria is stepping into a greener future by transitioning to Compressed Natural Gas (CNG) vehicles in its public transportation system.
Introduction to the New Maritime Bill: What You Need to Know
The Nigerian government is preparing to significantly reshape the maritime sector with the Nigerian Shipping and Port Economic Regulatory Agency Bill 2023.
Startup Surge: Securing N110 Billion for Nigeria’s Next-Gen Entrepreneurs
The Federal Executive Council (FEC) has approved a N110 billion capital injection for startups and early-stage businesses across Nigeria through the Nigeria Youth Investment Fund (NYIF).
Navigating Stability: Locking in Customs Import Duty Rates to Stabilize Trade
On May 30, 2024, the Presidential Committee on Fiscal Policy and Tax Reforms (the “Committee”) in Nigeria presented a proposal to the Federal Government, recommending a fixed exchange rate of N800 per dollar to calculate customs import duty throughout the remainder of 2024.
The Implications of the Extended Interim Order in GHL vs. Dolphin Drilling
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)
Legacy in the Cloud: Essentials of Digital Estate Planning
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.
SEC’s Framework for Bank Recapitalization: What You Need to Know
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.
Legal Insight: Understanding the CCPT’s Order Against MultiChoice Nigeria Limited
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.
The 0.5% Cybersecurity Levy—A New Burden on Electronic Transactions
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.
Energy Sector Reform: Introducing the Nigerian Independent System Operator Limited (NISO)
The Nigerian Electricity Regulatory Commission (NERC) has announced a major restructuring initiative with the introduction of the Nigerian Independent System Operator Limited (NISO).
