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  • Article

    Can The Factors Responsible For The Recent Improvement In Electricity Supply In Nigeria Sustainably Keep The Light On?

    Inadequate supply of electricity in Nigeria has been rightly regarded as the singular most pervasive and debilitating cause of lack of adequate economic growth of the most populous African nation and biggest economy.
    NigeriaEnergy and Natural Resources
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    Recommended Best Practices For Addressing The Susceptibility Of Social Media Accounts To Data Theft In Nigeria

    In today's world, social media has become an integral part of our daily lives, but it is also a source of concern when it comes to data theft. With the increased global use of social media...
    NigeriaMedia, Telecoms, IT, Entertainment
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    Updates On The Nigerian Communications Commission And Its Recent Activities And Other Developments

    The Nigerian Communications Commission (NCC) has called on road construction companies, contractors, engineers and other stakeholders to strengthen coordination and adopt preventive measures to protect fibre-optic cables during road construction, rehabilitation and other civil works across the country. The NCC said damage to fibre infrastructure could disrupt essential services and impose significant costs on citizens and the wider economy, as communications infrastructure now supports banking, government services, education, healthcare, commerce, security and emergency communications.
    NigeriaMedia, Telecoms, IT, Entertainment
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    Transfer Pricing In Nigeria

    Transfer pricing (TP) describes the form of inter-company pricing methods between two or more related economic entities with respect to intra-group supply...
    NigeriaTax
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    When Stepping Back Is A Panacea To Moving Forward: The Legislative Story Of The Nigerian Petroleum Industry Bill.

    The Nigerian Petroleum Industry Bill (PIB) possibly ranks as number one by a wide margin among the bills that have spent the most time with the legislature.
    NigeriaEnergy and Natural Resources
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    Updates On The Recent Activities And Other Developments At National Agency For Food And Drugs Administration & Control (NAFDAC)

    The National Agency for Food and Drug Administration and Control (NAFDAC) has alerted the public to the distribution of unregistered and suspected counterfeit Colgate toothpaste in Kaduna State. Following a complaint received by the Post-Marketing Surveillance Directorate, NAFDAC officials discovered suspected counterfeit products branded as “Coglaet ActivGel 100g” and “Coglaet Herbal 100g” being sold at a retail outlet.
    NigeriaFood, Drugs, Healthcare, Life Sciences
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    NERC Deregulates The Pricing Of Meters Under The Meter Asset Provider Scheme

    On Monday, 29th April 2024, the Nigerian Electricity Regulatory Commission ("the Commission" or "NERC") deregulated the pricing of meters deployed under the Meter Asset Provider (MAP) Scheme.
    NigeriaEnergy and Natural Resources
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    An Update On The Revised Nigerian Export And Import Guidelines 2017

    On January 1st 2018, the Federal Government of Nigeria commenced the implementation of the 2017 Revised
    NigeriaInternational Law
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    The Efficacy Of Consumer Protection Laws In The Nigerian Telecommunications Industry (Part Two)

    In the first series to this article, the concepts of consumers and consumer protection was explained. The legal regime of the applicable laws in Nigeria ...
    NigeriaMedia, Telecoms, IT, Entertainment
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    Regulatory Update: Central Bank Of Nigeria - Guidelines On Operations Of Bank Accounts For Virtual Assets Service Providers

    On 22nd December, 2023, the CBN issued the Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers to provide direction to financial institutions in respect of their banking relationship with VASPs in Nigeria.
    NigeriaTechnology
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    A Review Of The Federal Competition And Consumer Protection Bill, 2016

    The existence of a comprehensive legal regime for the regulation of competition is extremely important to the growth of any advanced economy. Nigeria's competition laws have been grossly inadequate ...
    NigeriaAntitrust/Competition Law
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    Can Parties Be Bound To A Contract By Conduct?

    More often than not, parties to a contract expect that where they intend to enter into a written contract, until the terms of their agreement to contract are reduced into writing and signed by them...
    NigeriaCorporate/Commercial Law
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    COVID-19: An Act Of God (Force Majeure Or Frustration) In Law?

    The emergence of the COVID-19 pandemic and the attendant lockdown which has disrupted commercial activities will, no doubt, create contractual problems.
    NigeriaCoronavirus (COVID-19)
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    A Review Of The Nigeria Foreign Exchange Code

    As part of its objectives of promoting a transparent, liquid, and efficient foreign exchange market, the Central Bank of Nigeria has released the Nigeria Foreign Exchange Code containing guidelines for good practice and responsible participation in the Nigerian Foreign Exchange Market.
    NigeriaFinance and Banking
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    The Legality Of USSD Charges On Access To Financial Services: MTN As A Case-Study

    On the 20th of October 2019, subscribers of the telecommunication giant, MTN, awoke to messages from the telecommunications company informing them of the proposed implementation of a charge of N4 per 20 seconds ...
    NigeriaFinance and Banking
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    Essential Intellectual Property Safeguards For SMEs

    Globally, Small and Medium Scale Enterprises (SMEs) largely contribute to the development of host economies, particularly in developing countries like Nigeria.
    NigeriaIntellectual Property
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    A Review Of The Business Rules For Mobile Virtual Network Operations And Its Impact On The Telecoms Industry In Nigeria

    The Nigerian Communications Commission (NCC), in exercise of its functions under the Nigerian Communications Act 2003 (the Act), has published the Draft Business Rules for the Mobile Virtual Network Operator (MVNO) Licence in the Nigerian Communications sector. These Business Rules clarify key aspects of MVNO operations, including onboarding, integration, interconnection, numbering, SIM management, revenue sharing, quality of service, consumer obligations, eSIM onboarding, and the respective rights and limitations of each licensee.
    NigeriaMedia, Telecoms, IT, Entertainment
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    A Review Of LIRS Circular On Taxation Of Employee Loan

    The Lagos State Internal Revenue Service ("LIRS") by its public notice of 27th September, 2017 issued guidelines towards regulating the treatment and taxation of employee loan in Lagos State.
    NigeriaTax
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    The National Assembly Amends The Cybercrimes (Prohibition, Prevention, Etc.) Act

    The Nigerian government has recently enacted the Cybercrimes (Prohibition, prevention, etc.) (Amendment) Act 2024 to improve and enhance the Cybercrimes (Prohibition, prevention, etc.) Act 2015.
    NigeriaTechnology
    SPA Ajibade & Co
    SPA Ajibade & Co
  • Article

    Commercial Considerations On The Abolition Of Segmentation In The Nigerian Foreign Exchange Market

    The Central Bank of Nigeria ("CBN") is saddled with the responsibility of maintaining Nigeria's external reserves in order to safeguard the international value of the national currency.
    NigeriaInternational Law
    SPA Ajibade & Co
    SPA Ajibade & Co

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