Detail Solicitors | Aug 2, 2017 | Newsletters
A. Background Out of the estimated 37 million micro, small, and medium-sized enterprises (MSMEs) in Nigeria, only 31% are able to access credit for their businesses from local financial institutions (commercial and micro finance banks). As at Q4 2015, loans to... Detail Solicitors | Jul 3, 2017 | Newsletters
A. Introduction For over five decades, the petroleum industry in Nigeria has remained the bedrock of the Nigerian economy (it accounts for 90% of foreign exchange earnings and about 80% of recurrent and capital expenditures). In spite of this, there have been calls... Detail Solicitors | Jun 2, 2017 | Newsletters
Introduction On 15th May, 2017, the Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola issued a policy directive to the Nigerian Electricity Regulatory Commission (NERC) declaring four categories of eligible customers in the Nigerian Electricity Supply... Detail Solicitors | Feb 8, 2017 | Newsletters
A. Introduction The Nigerian technology industry has witnessed explosive growth at a geometric progression of 34% year-on-year in the last decade; becoming the fastest-growing and one of the largest contributors to the economy. Its contribution to GDP grew from... Detail Solicitors | Jan 31, 2017 | Newsletters
A. BACKGROUND Nigeria has maintained a liberalized foreign exchange market since the enactment of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act in 1995. The Act established an autonomous foreign exchange market and guaranteed the unconditional... Detail Solicitors | Oct 10, 2016 | Newsletters
Introduction The Nigerian economy fell into a recession in the second quarter (Q2) of 2016, as it recorded a GDP growth rate of -2.06% (www.nigerianstat.gov.ng/report/434) owing, amongst other variables, to the fall in the price of oil. In a bid to resolve the...