The Declaration of Transitional Electricity Market (TEM) and Stakeholder Expectations for the Nigerian Electricity Supply Industry (NESI)
A. Introduction One of the objectives of the electricity sector reform, which commenced in 2001, is to create efficient market structures, within clear regulatory frameworks, that encourage competitive markets for electricity generation and trading. In line with...
Collateral Registry Regulation: Impact on Micro, Small and Medium Enterprises’ Access to Finance
BACKGROUND In most jurisdictions across the globe, the creation of security interests in moveable properties are nearly or just as common and acceptable as real property especially amongst individuals and small businesses given that such security interests are more...
Strata Title and the Nigerian Real Estate Sector
1. INTRODUCTION Strata title is a hybrid property ownership scheme that combines individual and communal interest in land and improvements thereon in a clearly severable manner. It takes the form of land and buildings subdivided into units/lots which are held...
The Central Bank of Nigeria Introduces N300 Billion Financing for the Real Sector
As part of efforts to stimulate job creation, economic growth and productivity, the Central Bank of Nigeria (the CBN) recently established a N300 billion Real Sector Support Facility (the Facility). The Facility will provide access to loans of up to N 10 billion to...
Pioneer Status in Nigeria: Recent Developments and Effects on Investments in Nigeria
Background At the end of the Federal Government’s State Visit to Beijing, China in July 2013, while addressing the international media on the attractions of Nigeria as an investment haven, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga,...
Key Commercial Issues Arising from the Guidelines on the Farm Out and Operation of Marginal Fields 2013
BACKGROUND Sequel to the announcement of the Marginal Fields Licensing Round 2013 (“Licensing Round”) by the Minister of Petroleum Resources, the Department of Petroleum Resources (“DPR”) released the Guidelines for Farmout and Operation of Marginal Fields (“the...
DETAIL Receives Century International Quality Era Award
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Detail Commercial Solicitors Co-sponsors Investing in Nigeria Symposium at Drapers Hall, London
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AMCON’S Divestment of Interest in the Bridge Banks
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Impact of the Implementation of Basel II in the Nigerian Banking Sector
Introduction The Central Bank of Nigeria (CBN) on 10th December, 2013, announced the implementation of the Basel II and III recommendations of the Basel Committee on Banking Supervision (BCBS) with effect from January 2014. All commercial banks licensed by the CBN...