2,263 results found

What impact has the 2016-2017 recession in Nigeria had on the corporate sector? During the period, the high cost of foreign exchange, high cost of energy led to high cost of production and reduced competiveness.

The National Agency for Science and Engineering Infrastructure (NASENI or "the Agency") was established by the NASENI Act, Cap N3 LFN 2004 ("the Act") in 1992.

Corporate governance differs significantly from the operational and managerial activities carried out by companies' executives.

In Nigeria, registering a company with the Corporate Affairs Commission ("CAC") is only the first step towards building a compliant business. With the CAC rigorously enforcing the provisions...

As public companies proceed with mergers and acquisitions, they must generally ensure that their transactions strictly comply with the Act.

The tension between protecting an employer's trade secrets and an employee's right to earn a livelihood lies at the heart of restraint-of-trade disputes in Nigeria. This article examines how Nigerian courts balance these competing interests when enforcing non-compete clauses, analyzing the landmark Koumoulis decision, recent National Industrial Court jurisprudence, and the statutory framework introduced by the Federal Competition and Consumer Protection Act 2018.

The Nigerian Oil and Gas Industry Content Development Act ("the Act") which established the Nigerian Content Development and Monitoring Board ("the Board") was enacted in 2010.

The President of the Federal Republic of Nigeria, President Muhammadu Buhari, finally signed the Petroleum Industry Bill 2021 into law on August 16, 2021, well over a decade after the first draft...

Power supply in Nigeria has remained epileptic despite privatisation of the generation and distribution subsectors.

Nigeria's solid minerals sector faces a critical challenge as enforcement efforts against illegal mining collide with the socio-economic reality of artisanal miners. Following the tragic deaths of 37 detainees in custody during an anti-illegal mining operation, questions emerge about whether the country's legal framework adequately accommodates the needs of local artisanal miners while protecting public revenue and human rights.

When a marriage ends in Nigeria, the absence of a prenuptial agreement can turn asset division into a prolonged legal battle that destroys the very wealth couples fought to protect. While prenups are not illegal under Nigerian law, their enforceability depends on careful drafting and judicial discretion under the "just and equitable" standard of Section 72(2) of the Matrimonial Causes Act 1970.

Cohabitation in Nigeria does not automatically give unmarried couples the same legal rights as married couples. Nigerian law does not currently provide a comprehensive statutory framework governing the property and financial rights of couples who live together without marrying.

The Finance Act, 2020 came into force on 1st January 2021. A major objective of the Finance Act, 2020 is to generate increased revenue, provide tax incentives to stimulate economic growth...

The Central Bank of Nigeria ("CBN") on 15th March, 2022, released an exposure draft on the Guidelines for Bank Neutral Cash Hubs Operations in Nigeria

The Banking Sector Regulation Programme is a regulatory initiative of the Central Bank of Nigeria that requires banks operating in Nigeria, to increase their minimum paid-in common equity capital to a specified amount ...

The National Insurance Commission (NAICOM) has issued Guidelines for the Insurance Policyholders' Protection Fund (IPPF), requiring all licensed insurers and reinsurers to contribute 0.25% of their Net Premium Income to protect policyholders and beneficiaries. The Guidelines establish a comprehensive framework for funding, management, and utilization of the Fund, with strict compliance obligations and regulatory oversight.

In Nigeria's increasingly regulated and competitive economic environment, trade associations play an indispensable role as institutional intermediaries between industry stakeholders and the state.