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An Overview of the Secured Transactions in Movable Assets Act

Financial institutions in Nigeria prefer immovable assets, like land, as security for loan repayment over movable assets. This is partially because lands and land transactions are regulated, and standard registries are established to keep records of all transactions, inte..

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Goldsmiths Solicitors

Trademarks in Nigeria: Registration, Infringement and Enforcement

A Trademark is a unique sign or mark that distinguishes the goods and services of one business from another. A mark can either be a device, brand, heading, label, ticket, name, signature, word, letter, numeral, or any combination thereof. Most businesses, companies or org..

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Banwo & Ighodalo

The Constitutional Amendment Heralding The Decentralization Of The Nigerian Electricity Supply Industry (“NESI”)

On March 17, 2023, an Act to alter certain provisions of the 1999 Constitution of the Federal Republic of Nigeria (the “1999 Constitution”), to allow constituent states within the Nigerian federation (the “States”) to generate, transmit, and distribute electricity in area..

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Olaniwun Ajayi

9 Nuggets from the New Copyright Act

On the 17th of March 2023, the President of the Federal Republic of Nigeria signed the copyright bill into law, as projected in our 2022 IP Wrap-up and 2023 Forward publication. This assent marks the end of the 35-year-old tenure of the old Copyright Act and signals..

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Jackson, Etti & Edu

Nigeria’s Copyright Bill Signed into Law

President Muhammadu Buhari has signed into law the Copyright Bill, which is geared towards protecting the rights of authors of original works. This development in Nigeria’s creative industry would ensure that authors receive the proper recognition and financial reward for..

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Goldsmiths Solicitors

An Overview of CBN’s Operational Guidelines for Open Banking in Nigeria

By a Circular dated 7th March 2023, the Central Bank of Nigeria (CBN) released the “Operational Guidelines for Open Banking in Nigeria” (‘the Guidelines’). The Guidelines set out rules for sharing the data/information of customers between part..

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Templars

Central Bank of Nigeria Imposes Tighter Tenure Limits on Bank Directors

On the 24th of February 2023, The Central Bank of Nigeria (CBN) issued a circular announcing changes to the tenure of executive and non-executive directors in the Nigerian banking industry.

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Dentons

A review of the Business Facilitation Act and its impact on the Companies and Allied Matters Act 2020

The Business Facilitation (Miscellaneous Provisions) Act (the “Act”) became law when, on 14 February 2023, the President of the Federal Republic of Nigeria, Muhammadu Buhari, signed the bill passed by the Senate in December 2022. The Act is a legislative brainchild of the..

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Pavestones

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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