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Pavestones

Powering Nigeria's Future: Introducing the Electricity Act 2023

The Tanzanian Minister for Finance and Planning, Hon. Mwigulu Lameck Nchemba, delivered the highly anticipated National Budget Speech on 15 June 2023 with the theme ‘Accelerating Economic Recovery, Climate Change Adaptation Mitigation and Enhancing Productive Sector..

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Regulatory update: Nigerian Electricity Regulatory Commission Customer Protection Regulations

Reliable access to electricity is vital for the development and progress of any nation. Nigeria has grappled with a persistent problem of irregular power supply and arbitrary disconnection of electricity services to consumers. This has not only posed hardship for consumer..

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Nigeria's Digital Future: the Blockchain Adoption Strategy

Blockchain, which is mostly associated with cryptocurrencies and the like, had remained largely unregulated in Nigeria until September 2020, when the Securities and Exchange Commission issued a statement on digital assets, to the effect that crypto-offerings and other for..

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Regulation of Digital Money Lenders and Protection of Privacy Rights in Nigeria

Over the past few years, Digital Money Lenders have become increasingly common in Nigeria, as traditional financial institutions have more stringent requirements for providing loans to customers.

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Doing business in Nigeria: the Business Facilitation (Miscellaneous Provisions) Act 2023

As part of the commitments of the Federal Government of Nigeria to continuously create an enabling environment for doing business, on February 13, 2023, the Business Facilitation Bill 2022 (also known as the Omnibus Bill) was signed into law. The main objective of the Act..

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Carbon Credits in Nigeria: Road to Implementation

On November 8, 2022, the new Africa Carbon Markets Initiative (ACMI) was inaugurated at the United Nations Climate Change global conference held in Sharm, Egypt, with an objective to scale the production of carbon credit across the continent.

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Doing business simplified: navigating immigration requirements in Nigeria

For foreign companies looking to expand and set up operations in Nigeria, it is important that personnel with a good understanding of the companies’ strategy are available to support in the establishment and the nascent stages of the company. In this article, we have high..

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Regulation of Fintech in Nigeria: difference between MMOs, PSBs and MFBs

In our February 3, 2020 article, we had written on the differences between a Mobile Money Operator (MMO) license, a Payment Service Bank (PSB) license and a Microfinance Bank (MFB) license. The article was aimed at supporting Fintechs in determining which of the existing ..

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Pavestones

The Nigerian Startup Bill

The recently introduced Nigerian Startup Bill (“Bill”) is one development that is expected to improve the business environment for Startups in Nigeria when passed into law. It is aimed at creating a favourable environment for Startups by: providing incentives; removing re..

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