Nigeria’s Decade of Gas: NLNG’s Long-Term Gas Supply Agreements Signal a Turning Point
Dear Readers, In a decisive step forward for Nigeria’s gas industry, the Nigeria LNG Limited (NLNG) has entered into a series of landmark long-term Gas Supply Agreements (GSAs), with extension options, with six (6) third-party suppliers. Under the agreements, up to 1,290 mmscf/d (13.3 bcm/yr) of feed gas will be supplied to its Bonny Plant, […]
Scale Smarter, Not Harder: Leveraging IP Licensing for Startup Growth (Tech IP Series 1)
Introduction How startups leverage Intellectual Property (“IP”) can significantly impact their growth trajectory. For startups with limited IP portfolios, leveraging the technology of other startups could provide the required momentum for rapid expansion. Conversely, startups with limited funds and valuable IP can generate revenue to finance operations by monetizing their IP assets. In this part […]
Unpacking Nigeria’s Power Sector Investments: Are We on Track?
Dear Readers, In its “State of Africa’s Infrastructure Report 2025,” the Africa Finance Corporation (AFC) presents a stark outlook for the continent’s power sector, noting that electricity generation is growing at less than 2% annually, with only 6.5 gigawatts (GW) of utility-scale capacity added in 2024. This lags significantly behind other jurisdictions such as India, […]
Pit to Powerhouse: Will Nigeria Industrialise Its Mining Wealth?
Dear Readers, Nigeria is on the cusp of another defining moment in its industrial and economic evolution. Just weeks after news broke about the establishment of an electric vehicle (EV) factory, in partnership with China, the nation’s mining sector has registered another significant milestone, a landmark $400 million investment into what is set to become […]
Regulatory Update: Designation of the Nigerian Copyright Commission as a Relevant Organisation under the Proceeds of Crime (Recovery and Management) Act 2022
On 7 February 2025, the Nigerian Copyright Commission (“NCC”) was designated as a Relevant Organisation under the Proceeds of Crime (Recovery and Management) Act, 2022 (“Act”), by the Proceeds of Crime (Designation of Nigerian Copyright Commission as a Relevant Organisation) Order 2025 (“Order”). What’s New The Act provides a legal framework for the recovery and […]
Nigeria’s EV Opportunity: Is Nigeria’s Solid Mineral Sector ready for this opportunity?
Dear Readers, In a strategic development poised to reshape Nigeria’s industrial landscape, China is set to deepen its collaboration with Nigeria through the establishment of electric vehicle (EV) factories. During a recent courtesy visit to the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, Ambassador Dunhai reiterated China’s commitment to elevating its engagement with […]
Revived But Not Reformed: The Stalled Progress of Nigeria’s State Refineries
Dear Readers, Barely a month after the much-celebrated reopening of the Warri Refining and Petrochemical Company, the Refinery has come to a grinding halt.[1] Commissioned in 1978 and inactive for decades due to technical inefficiencies, the 125,000 barrels-per-day refinery resumed operations on December 30, 2024, only to shut down on January 25, 2025, due to […]
Client Update: CBN Invites Stakeholders’ Feedback on the Exposure Draft of the Baseline Standards for Automated Anti-Money Laundering (AML) Solutions
On May 20, 2025, the Central Bank of Nigeria (CBN) published the Exposure Draft of the Baseline Standards for Automated Anti-Money Laundering (AML) Solutions (the “Exposure Draft” / “Proposed Baseline Standards”). The Exposure Draft was developed in recognition of the rapid pace of technological advancement in the financial sector and the increasing use of innovative […]
Client Update: CBN Reviews Documentation Requirements for PAPSS Transactions in Nigeria
The Pan-African Payment and Settlement System (PAPSS), launched in January 2024, is a centralized payment infrastructure designed to facilitate faster and more cost-effective cross-border trade transactions in local African currencies. It was adopted as a key mechanism to support the implementation of the African Continental Free Trade Area (AfCFTA). Following the successful completion of Africa’s […]
Afreximbank’s $3 Billion Power Move: Is Africa Ready to Refine Its Future?
Dear Readers, In a bold play to reclaim control of Africa’s energy destiny, the African Export–Import Bank (Afreximbank) has pledged $3 billion to finance the purchase of locally refined petroleum products across the continent. This was announced earlier this month by the Executive Vice-President, Kanayo Awani, at an energy conference in Cape Town, South Africa. […]
