Never miss a beat on Africa's legal and regulatory landscape.
The Finance Act 2023 (the “FA 2023”) was signed into law by former President Muhammadu
Buhari on 28 May 2023, prior to his leaving office. The FA 2023 takes effect from 28 May
2023, and it replaces the Finance Bill 2022 (“FB 2022”), which had been circul..
A new national arbitration law, the Arbitration and Mediation Act, 2023 (the AMA), came into force in Nigeria on 26 May 2023, replacing the Arbitration and Conciliation Act (the ACA) that had remained unchanged for over three decades. Here are some notable features of the..
This designation indicates increased monitoring by FATF as both countries actively work to address strategic deficiencies in combating money laundering, terrorist financing, and proliferation financing.
On 23rd November 2022, The Ministry of Industry, Trade and Investment through its Minister, approved the Persons with Significant Control Regulation (''PSC Regulation''). The key objective of the regulation is to provide an effective framework and procedure for obtaining ..
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..
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..
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.
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..
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..
