An Overview of The Evidence (Amendment) Act 2023
The Evidence (Amendment) Act 2023 (the “Amendment Act”) was signed into law by the President of the Federal Republic of Nigeria on 12th June 2023. The Amendment Act did not repeal the Evidence Act 2011 (the “Principal Act”), however, it amended some provisions of the Principal Act by introducing new provisions with the aim of […]
Power Sector Regulation in Nigeria: The Validity of the Lagos State Electricity Policy 2021 in the Context of Recent Legal Developments
Nigeria’s persistent inability to meet energy demand remains paradoxical, given the nation’s abundant endowment of natural and mineral resources scattered across its 6 geo-political zones. The Electric Power Sector Reform Act (EPSRA) of 2005, born out of significant deterioration of the power sector under government monopoly, was envisioned as a gateway to privatizing the power […]
Compensation/Remedies for Flight Delays and Cancellations in Nigeria
It is commonplace to witness the rage of disgruntled customers at any local Nigerian airport expressing their disappointment for the cancellation or delays in their flight to their respective destinations. This unilateral act on the part of airlines, however justifiable in the circumstances comes with significant and sometimes dire levels of inconvenience to customers whose […]
A Brief Analysis of Tariff Reviews in the Nigeria Electricity Supply Industry (NESI)
Recently, the 11 Discos in Nigeria filed an application for rate review with Nigeria Electricity Regulatory Commission (NERC), premised on the need to incorporate changes in macroeconomic parameters and other factors affecting the quality of service, operations, and sustainability of the companies. Following this, NERC invited interested stakeholders for comments on the rate review application. […]
An Appraisal of Defence of Sovereign Immunity in the Enforcement of Foreign Arbitral Awards
As the global landscape evolves and international trade flourishes, arbitration has emerged as a preferred mechanism for resolving international commercial disputes, providing parties a neutral forum and a streamlined process. Some international economic activities engage active participation of sovereign States in partnership with private investors. In some economic arrangements, sovereign states offer consent to arbitration […]
Empowering the Future: Analysing Regulatory Policies to Catalyse Investment in Renewable Thermal Energy in Nigeria
Recently, President Bola Ahmed Tinubu inaugurated the new 350 Mega Watt (MW) Gwagwalada Independent Thermal Power Plant (Phase 1), projected to be completed within three (3) years. It is anticipated that the thermal plant will increase Nigeria’s cumulative power by 3,600MW, and generate multiple foreign direct investments for the country. This is a laudable move […]
The Nigerian Arbitration and Mediation Act, 2023 – the Dawn of a New Era for Arbitration and Mediation Practices in Nigeria.
The Arbitration Law of any nation is the established legal framework for resolving disputes outside the traditional court systems by providing parties to a dispute, with a fair and impartial alternative to litigation. As a piece of legislation, it may seek to foster efficiency, cost-effectiveness, and confidentiality in resolving conflicts by allowing parties to choose […]
On the Regulation of Integrated Petroleum Operations: Takeaway from Recent Developments
ExxonMobil had applied to the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC” or the “Commission”) for authorisation to treat its operations as an integrated operation. This application was subsequently granted by the Commission. Upon securing the Commission’s authorisation, ExxonMobil applied for and was granted clearance by the Commission to lift 12,600 metric tonnes of Butane at […]
Open Banking in Nigeria: Legal Considerations for Data Sharing in Financial Services
Data is considered one of the most valuable assets in the world today. The amount of data being collected has grown exponentially with the rapid growth of digital technologies and the interconnectedness of various industries. According to the Economist, 97% of businesses use data for revenue growth. The whole concept of open banking leverages the […]
An Examination of Triple Identity Test in Resolving Fork-In-The-Road Clause Objections
Most often, investors engage in investments activities by establishing or investing in a local company in the host State(s) to enable them participate in large scale projects and take advantage of some economic opportunities in those State(s). By virtue of these investments, there exists a business relationship between an investor and the host State, which […]
