Newsletters
NERC Intensifies Compliance Checks on Nigerian Power Sector Licensees
The Nigerian Electricity Regulatory Commission (NERC) is ramping up efforts to ensure adherence to regulations within the country's power sector. In response to concerns about compliance, NERC is intensifying its scrutiny of power sector licensees. This move is aimed at...
OPERATIONAL CHANGES TO THE FOREIGN EXCHANGE MARKET
The Central Bank of Nigeria (“CBN”) recently introduced notable changes to the Foreign Exchange (“FX”) market regime in Nigeria, through a circular titled: ‘Operational Changes to the Foreign Exchange Market’ (the “Circular”). In this article, we highlight some of the notable...
REGULATORY UPDATE: PRESIDENT ASSENTS THE ELECTRICITY ACT
In recent times, legislative actions have been taken to reshape the Nigerian Electricity Supply Industry (“NESI”) with a view to realign post-privatisation issues and expectations of stakeholders in the NESI. On 17th March, 2023, the Constitution of the Federal Republic of...
The Prospects of Achieving the Nigerian Energy Transition Plan
The 27th session of the Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change (UNFCCC) brought together world leaders to discuss issues related to climate change, with a focus on food security, water security, climate finance, energy...
REGULATORY UPDATE ON THE CONSULTATION PAPER ON THE AMENDMENT OF NIGERIAN MINI-GRIDS REGULATIONS
In 2016, the Nigerian Electricity Regulatory Commission (“NERC”) issued the Regulation for Mini-grids of that year (the “Mini-grid Regulations”) in line with the powers conferred on it by the Electric Power Sector Reform Act 2005 (“EPSRA”) to make regulations. The Mini-grid...
Roadmap for Tech Start-Ups (Part 3)
In the previous editions of our Tech Startup Series, we had provided insights into establishing a Tech Startup in Nigeria and the essentials for their business operations in Nigeria. In this series, we provide a roadmap that examines the funding options for Tech Startups...
Data Protection Series
In this edition of our Data Protection Series, we examine the concept of “Personal Data” as it relates to Data Protection and the protection afforded under Nigerian law. This issue also provides clarity on certain misconceptions surrounding Personal Data as well as crucial data...
Roadmap for Tech Startups Launching in Nigeria (Part 2)
In the previous edition of our Tech Startup Series, we had provided insight into establishing a Tech Startup in Nigeria. In this edition, we provide a roadmap that outlines the essentials for tech startups in their business operations as legal entities in Nigeria. From getting...
Roadmap for Tech Startups Launching in Nigeria
In this edition of our Tech Startup series, we provide a roadmap that outlines the essentials for tech startups in the early stages of launching in Nigeria. From understanding and agreeing on fundamentals, to incorporation considerations and early documentation required, this...
THE FEDERAL MINISTRY OF INTERIOR PUBLISHES NEW GUIDELINES ON THE ADMINISTRATION OF EXPATRIATE QUOTA AND OTHER BUSINESS INSTRUMENTS
The Federal Ministry of Interior (the “Ministry”) recently issued a Public Notice implementing the New Guidelines on the Administration of Expatriate Quota and other Business Instruments (the” Guidelines”) which became effective in January 2022. The key provisions of the...
COMPANIES INCOME TAX (EXEMPTION OF BONDS AND SHORT-TERM GOVERNMENT SECURITIES ORDER) 2011 COMES TO AN END AFTER TEN YEARS – THE IMPLICATIONS
COMPANIES INCOME TAX (EXEMPTION OF BONDS AND SHORT-TERM GOVERNMENT SECURITIES ORDER) 2011 COMES TO AN END AFTER TEN YEARS – THE IMPLICATIONS In a bid to encourage increased investment in Nigeria and drive upward activity in the domestic bonds market, the Federal...
THE NITDA BILL AND ITS POTENTIAL IMPACT ON NIGERIA’S INFORMATION TECHNOLOGY INDUSTRY AND DIGITAL ECONOMY
The National Information Technology Development Agency (the “Agency”) was created in April 2001 to implement the Nigerian Information and Communication Technology Policy and co-ordinate general information technology development in Nigeria. The National Information...
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