Legal Update: Court of Appeal Strikes Down Unfair Employment Practices in Nigeria’s Police Force
In a landmark move against discrimination, the Court of Appeal recently invalidated Regulation 127 of the Nigeria Police Regulations.
Construction Crackdown: Lagos State Puts Its Foot Down on Building Planning Permits
The Lagos State Government (LASG) has stepped up its enforcement against unauthorized constructions, signaling a renewed commitment to strict adherence to urban planning regulations.
NDIC’s New Deposit Insurance Coverage: A Wider Safety Net for Depositors
On May 2, 2024, the Nigeria Deposit Insurance Corporation (NDIC) announced a significant increase to the deposit insurance coverage for financial institutions licensed by the Central Bank of Nigeria (CBN)
Abuja’s Property Ownership Reforms: What You Need to Know
The Federal Capital Territory (FCT), Abuja, is at the forefront of a significant shift in property ownership documentation.
Watt’s Happening: NERC’s Tariff Revision for Band A Consumers
On April 4, 2024, the Nigerian Electricity Regulatory Commission (NERC) pursuant to the Supplementary Order to the Multi-Year Tariff Order 2024 for the respective distribution companies, implemented a significant rate adjustment for Nigeria’s premium electricity consumers, Band A.
Capital Surge: CBN’s Recapitalization Drive for Nigerian Banks
On March 28, 2024, the Central Bank of Nigeria (CBN) announced a significant upward revision to the capital requirements for banks within Nigeria.
NGX Group’s Strategic Investment in the Ethiopian Securities Exchange
The Nigerian Exchange Group (NGX) has made a significant investment in the Ethiopian Securities Exchange (ESX), a move that not only promotes regional economic growth but also opens opportunities for investors.
Education Finance Update: New Legislation for Higher Education Funding in Nigeria
On April 3, 2024, His Excellency, President Bola Ahmed Tinubu assented to the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Bill 2024 (the “Act”), introducing significant changes in financing higher education. This law represents a critical advancement in making education more accessible and financially sustainable for students throughout Nigeria. Background of Legislative Change: […]
Empowering SMEs: The Digital Leap with NITDA-SMEDAN Partnership
Recently, the National Information Technology Development Agency (NITDA) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) formalized a collaboration through a Memorandum of Understanding (MoU).
Global Dispute Resolution Spotlight: US Court Upholds Arbitration Award for BUA International Limited
In a recent ruling by the United States District Court for the District of Idaho, BUA International Limited secured a notable victory, affirming the global enforceability of arbitration awards.
