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Alliance Law Firm

Mini-Grids As Catalyst For Renewable Electricity Access: An Overview Of Extant Laws

Electricity access remains a crucial challenge in Nigeria, considerably impacting the country’s economic development, education, healthcare, and overall quality of life. Despite being Africa’s most populous nation with over 200 million people and laden with significant en..

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Duale, Ovia & Alex-Adedipe

Understanding Robo Advisory Services in Nigeria

Robo advisory services have been gaining traction over time in Nigeria with the operation of early version Robo Advisors such as PiggyVest. The growth has been attributed to Nigeria’s growing middle class and increasing smartphone penetration. According to statistics, the..

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Duale, Ovia & Alex-Adedipe

Disconnection of Telecommunications Network in Nigeria: balancing the interest of the service provider and consumers

On Monday 8th of January 2024, the Nigerian Communications Commission (the "Commission"} released a memo signed by its director of Public Affairs, Mr. Reuben Mouka, titled "Pre Disconnection Notice'' 1 The notice informs all subscribers of Globacom that the Commission has..

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Streamsowers & Köhn

Data Protection Law and/or an Independent DPA are Prerequisites for a Positive Adequacy Decision in Nigeria: A Review of Ikigai V. NITDA

On 28 November 2023, the Federal High Court delivered its judgment in the case of Ikigai v National Information Technology Development Agency. The Plaintiff, Ikigai, a non-profit organisation, requested the Court to interpret the provisions of the Nigerian Data Protection..

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Duale, Ovia & Alex-Adedipe

CBN’s Guidelines on the Operation of Bank Accounts for Virtual Assets Service Providers in Nigeria

Amidst the festive cheer, the Central Bank of Nigeria unwrapped a special present. A game-changing Guidelines on the operation of Bank Accounts for ‘Virtual Assets Service Providers’.

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ǼLEX

CBN Lifts ‘Ban’ on Crypto Banking Transactions

In a notable development, the Central Bank of Nigeria (CBN) reversed its stance on cryptocurrency transactions on December 22nd, 2023, by issuing the “Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPs).” This decision marks the cessatio..

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Pavestones

Guidance on Filing of Data Protection Compliance Audit Returns in Nigeria

The Nigeria Data Protection Commission (NDPC) recently issued a Guidance Notice (the“Notice”) on the filing of data protection Compliance Audit Returns (CARs) ahead of the next cycle for the filing of CARs in 2024. The Notice provides information and instructions for data..

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Punuka

The Federal Republic of Nigeria v Process & Industrial Developments Limited

The lawsuit initiated by the Federal Republic of Nigeria (“FRN”) against Process Industrial Developments Limited in the Commercial Court stands out as one of the most substantial international disputes related to arbitral enforcement. The anticipated verdict holds the pot..

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ǼLEX

Legal and commercial implications of the Electricity Act

The Electricity Act, 2023, (“the Act”) was signed into law by His Excellency, President Bola Ahmed Tinubu, GCFR, on 6 June 2023. The Act was passed in light of the Federal Government’s initiatives to accelerate Nigeria’s energy transition process as well as consolidate th..

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