Introduction  The Federal High Court has established a dedicated Insolvency Unit to strengthen Nigeria’s corporate legal framework and improve corporate restructuring and dissolution processes. Approved by the Chief Judge, Justice John Terhemba Tsoho, the unit will operate under key Nigerian laws, including the Companies and Allied Matters Act (CAMA) 2020, the Asset Management Corporation of […]

On February 12, 2025, the House of Representatives passed the second reading of four major tax reform bills introduced by His Excellency, President Bola Ahmed Tinubu.

The Nigerian Communications Commission (NCC) has approved a 50% increase in telecom tariffs, marking the first major adjustment in over a decade.

A recent ruling of the Federal High Court, Lagos in the case of Emeka Nnubia v. Honourable Minister of Industry, Trade and Investment, FCCPC and MTN Communications Nigeria Plc (FHC/L/CS/1009/2024), has reaffirmed the Federal Competition and Consumer Protection Commission’s (FCCPC) oversight authority over competition and consumer protection across all sectors. 

The NNPC Ltd/First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) has achieved a 96% reduction in routine flaring of associated gas from the Anyala (OML 83) and Madu (OML 85) fields.

On February 6, 2025, the United States and the Federal Government of Nigeria signed an agreement for the repatriation of $53 million in forfeited assets linked to corruption and illicit financial flows.

The role of witness testimony in arbitration is critical, especially when key individuals hold relevant information that can influence proceedings.

The Nigerian Surrogacy Bill 2024 has passed its second reading at the House of Representatives, paving the way for a much-needed regulatory framework for surrogacy and Assisted Reproductive Technologies (ART). The Bill aims to protect the rights of surrogate mothers and intended parents, ensure ethical practices, and prevent exploitation in surrogacy arrangements.   Key Highlights of […]

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.50%, along with key financial system parameters, as announced in its Monetary Policy Communiqué No. 156 following the 299th Monetary Policy Committee (MPC) meeting. This decision reflects ongoing efforts to stabilize Nigeria’s economy amid inflationary pressures and foreign exchange challenges.  Why […]

The Federal Government of Nigeria, through the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has introduced the Deduction of Tax at Source (Withholding) Regulations, 2024(“Regulations”).