Never miss a beat on Africa's legal and regulatory landscape.
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.
However recently, the National Indus..
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 company in Nigeria and operate, emplo..
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 exchanges. With this, various crypto-b..
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 platforms have had to contend with ..
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 Framework). The Guidelines and F..
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 to prove the following elements of n..
Non-payment in construction projects could be extremely frustrating for the contractor. The contractor’s frustration is further heightened where the contract..
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 the development of each field, the..
