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ǼLEX

Contracts of Employment and Limitation Laws: is The National Industrial Court Rewriting the Law?

As a general principle, limitation laws apply to all civil actions. Consequently, once an action is caught by a limitation law, it cannot be sustained, and a court is divested of the jurisdiction to entertain it.

 

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Goldsmiths Solicitors

How a Foreigner can Register a Local Company in Nigeria

Nigeria operates a free-market economy and there are no restrictions on foreigners setting up companies in Nigeria. Subject to the laws of Nigeria, a foreign individual or entity can set up a fully owned compa..

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Pavestones

eNaira - The Future of Digital Currency in Nigeria?

On the 5th day of February 2021, the Central Bank of Nigeria (“CBN”) instructed banks and other financial institutions to refrain from dealing with cryptocurrency (a digital currency) and facilitating payment for cryptocurrency exchan..

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ǼLEX

Requirements for dealing in Foreign Securities in Nigeria and the role of the Regulators

There has been a lot of interest in the activities of investment technology companies (investment tech) as some of them have been utilising platforms offering securities of foreign companies to investors in Nigeria. However, these pla..

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Goldsmiths Solicitors

The New Central Bank of Nigeria Regulatory Framework and Guidelines for Mobile Money Services in Nigeria

On 9th July 2021, the Central Bank of Nigeria (CBN) released a single-document circular, setting out the framework and guidelines for the operations of Mobile Money Services in Nigeria (the Guidelines and ..

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Resolution Law Firm

Overview of Product Liability in Nigeria

The Nigerian product liability law, as it currently stands, is still anchored on the fault-based principle as formulated in the case of Donoghue v Stevenson.

 

For a product liability claim, a claimant must be able ..

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ǼLEX

Wrongfully Suspending Performance of a Construction Contract – When a Contractor Will Not Be Liable for Repudiatory Breach

Non-payment in construction projects could be extremely frustrating for the contractor. The contractor’s frustration is furth..

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ǼLEX

Investing in Marginal Fields: Key Considerations for Financiers

It is no longer news that the winners of the ‘2021 Marginal Field’ bid round (hereinafter referred to as grantee(s)) have emerged. As grantees and potential financiers contemplate how to raise capital and the means of raising capital for th..

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