Airlines Liability Caps: Exploring Alternative Remedies For Passengers

One of the major challenges of aircraft financiers and lessors is the recovery of their aircraft following a contractual default. Unlike many assets, aircrafts are sophisticated and highly mobile assets, often financed through intricate cross-border arrangements.

The Act received presidential assent on 19 June 2026. Its stated objectives are to establish a legal framework for the efficient economic regulation of regulated services and activities and to protect the interests of shippers, providers and users of regulated services.

Nigeria's maritime sector undergoes a major regulatory transformation with the Nigerian Ports Economic Regulatory Agency Act, 2026, which establishes a comprehensive framework for economic regulation of ports, introduces stricter tariff controls, enhanced enforcement powers, and transitions the Nigerian Shippers' Council into a dedicated economic regulator with expanded authority over port operations, terminal operators, and shipping services.

For nearly two decades, drilling operators in Nigeria have been fighting the same argument in different courtrooms: is an offshore drilling rig a “vessel” under the Cabotage Act, or not? Noble Drilling first raised the question at the Federal High Court back in 2008 and won, only for the Court of Appeal to reverse the decision on a technicality, leaving the real question unsettled for the industry ever since.

In Nigeria, where the intricacies of refund policies and passenger rights become intertwined with the regulations established by the Nigerian Civil Aviation Authority...

The Cabotage Vessel Financing Fund (CVFF) was launched in January 2026 to address financing gaps for indigenous Nigerian shipowners. Six months later, despite receiving 92 applications, no disbursements have been made due to bureaucratic bottlenecks, extensive risk assessments by primary lending institutions, and complex documentation requirements across multiple regulatory agencies.

Road transportation remains the predominant means of movement for individuals and goods in Nigeria, and one feature that has remained constant in Nigeria's transportation landscape is the steady increase in the number of motor vehicles using public roads. In densely populated commercial centres such as Lagos, thousands of private motorists, commercial transport operators, heavy-duty vehicles, motorcycles, tricycles and pedestrians interact daily within an increasingly congested road network. The inevitable consequence is the frequent occurrence of road traffic accidents resulting in death, bodily injury and substantial property damage.

Piracy in the Gulf of Guinea has emerged as a significant threat to global maritime security, affecting shipping companies, shipowners, and insurers alike.

Since the passing of Nigeria's Coastal and Inland Shipping (Cabotage) Act in 2003, it has been hailed as a transformational policy intended to reserve domestic coastal trade for Nigerian-owned, -crewed and -flagged vessels.

After more than two decades of dormancy, Nigeria has finally begun disbursing the Cabotage Vessel Financing Fund (CVFF), a revolving loan facility funded by a 2% levy on cabotage-protected trade earnings since 2003. With up to $25 million available per qualifying applicant at 6.5% interest through twelve appointed Primary Lending Institutions, Nigerian shipowners now face the critical question of who qualifies and what it takes to access this long-awaited vessel acquisition finance.

Nigeria has introduced comprehensive tax guidelines for virtual assets, requiring VASPs to withhold taxes, collect stamp duties, and maintain detailed records. The new framework classifies crypto assets into six categories and imposes income tax, VAT, and stamp duty on various transactions, fundamentally changing compliance obligations for cryptocurrency platforms operating in Nigeria.

Nigeria's Central Bank has issued a sweeping directive requiring all payment and financial transaction data generated within the country to be processed and stored locally by January 2027. This regulatory shift forces fintech companies to abandon their reliance on global cloud platforms like AWS and Azure, introducing significant operational costs, infrastructure risks, and compliance complexities. The mandate affects not only licensed financial institutions but extends throughout the entire fintech ecosyst

When structuring a facility in leveraged finance, it is important to bear in mind that a lender's protection is only as strong as the loopholes in the financing agreement.

When the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks in July 2026, fintech companies relying on these institutions for customer accounts and settlement infrastructure faced immediate operational disruption. This analysis examines the regulatory grounds for revocation, the deposit insurance framework administered by the NDIC, and the critical due diligence and resilience measures fintech companies must implement when their products depend on regulated banking partners.

The Dangote Petroleum Refinery has filed a lawsuit against Nigeria's Federal Government challenging petroleum import licences issued by the regulatory authority, claiming they violate court orders and undermine domestic refining capacity. With the refinery supplying over 81% of national fuel demand in early 2026, this legal battle raises critical questions about Nigeria's path to energy independence and the balance between supporting local production and maintaining competitive fuel markets. The outcome cou

For years, consumer lending was one of the easiest ways to enter Nigeria's fintech space. Startups could operate with a simple state-issued moneylender's licence and minimal oversight.

The process for dissolution of a marriage in Nigeria depends on whether the couple entered into a statutory marriage or a traditional marriage. Customary marriages are dissolved in line with the customs...

A Deed of Assent (Assent) is an instrument or legal document that comes into existence in furtherance of the devolution of title to real property to beneficiaries under a Will.

The entire gamut of the law of defamation revolves around two forms: libel (written) and slander (oral). Carefully observing how this law operates will lead to the undeniable...

Nigeria's open banking framework promises to transform digital lending through secure, consent-driven financial data sharing. As the phased rollout approaches mid-2026, lenders face both opportunity and obligation: faster credit decisions, better risk assessment, and new product possibilities, alongside stricter compliance requirements and infrastructure dependencies that will reshape competitive dynamics across the sector.