Board Evaluation: An Effective Tool of Corporate Governance and Sustainability
Effective and proactive Boards play a crucial role in the facilitation of a sustainable business. One essential tool for corporate sustainability is periodic board evaluations. When rightly conducted, board evaluation critically assesses the capacity and capability of members of the Board, identifies their strengths and weaknesses, and areas for improvement. It may also provide the […]
Energy Transition in Nigeria and ESG (Part 1): Nigeria’s International Commitment
In the global pursuit for a sustainable future, the international community has adopted a multifaceted approach, of which Energy Transition occupies a pivotal position, in addressing the stark realities of climate change. In the absence of careful and strategic economic restructuring, the implications of Energy Transition for a country such as Nigeria, heavily dependent on […]
Legal Requirements for Foreign Direct Investment in Nigeria
Foreign Direct Investment (“FDI”) plays a pivotal role in fostering economic growth and development in nations. The concept of FDI involves a financial investment made by a company or individual from one country into another country with the intent of acquiring significant control in the foreign entity. It provides essential skills, technology advancement and financial […]
Highlights of NERC’s Customer Protection Regulations 2023
Since the enactment of the Electric Power Sector Reform Act (EPSRA) in 2005 and the establishment of the Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”), the Commission has published multiple regulations, codes, standards and rules cutting across various aspects of the Nigerian Electricity Supply Industry (“NESI”) in a bid to promote a viable electricity […]
Constitutional Amendment – Exclusion of Intervening Events in Electoral Matters
The integrity and transparency of any democratic system hinge on the constitutional framework 1 governing its electoral process. Over the past two decades of Nigeria’s Fourth Republic, the 1999 Constitution of the Federal Republic of Nigeria (“Constitution”) has undergone numerous amendments to adapt to the evolving needs of the nation. Among these amendments, the fifth […]
Legal Threshold of a Valid Will in Nigeria
A Will is a testamentary disposition usually made by a testator to give instructions to his executors on how he wishes to have his/her assets distributed upon his demise. There is a lot of skepticism about Will making, but if it is made in compliance with the dictates of the law it is usually beneficial […]
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. […]
