Unveiling Nigeria’s Carbon Market: Policies, Progress, and Prospects
INTRODUCTION World leaders gathered in Paris during the 2015 UN Climate Change Conference (COP21) to endorse the Paris Agreement; an International Energy Treaty grounded in the 1992 United Nations Framework Convention on Climate Change (UNFCCC). Within this pact, they committed to curbing the global rise in temperature to under 2 degrees Celsius above pre-industrial levels, […]
Licenses Issued, But Can Nigeria’s Refineries Survive Without Crude?
Dear Readers, Nigeria’s refining sector is poised for expansion as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved licenses for the construction of three new refineries. These facilities are expected to add 140,000 barrels per day (bpd) to the country’s domestic refining capacity. The newly licensed refineries include: […]
Exploring Surrogacy in Nigeria: A Compassionate Journey to Parenthood
INTRODUCTION In April 2023, the World Health Organization (WHO) reported that infertility has become a global health issue affecting millions of people of reproductive age. The WHO estimates that 1 in 6 people will experience infertility in their lifetime, indicating the urgent need to increase access to affordable, high-quality fertility care. The family being the […]
Third-Party Funding in International Arbitration: Disclosure Obligation as an Antidote to Conflicts of Interest in Third-Party Funding Arrangements.
INTRODUCTION The escalating costs associated with international arbitration have emerged as a significant concern, given their potential to reach exorbitant levels. These increasing costs have transformed into a formidable obstacle for the parties involved, fueling concerns that arbitration may only be accessible to “deep-pocket” entities or individuals, thereby potentially denying meritorious claims access to justice […]
Challenges of Enforcement of Foreign Arbitral Awards in Nigeria: Addressing the Inconsistencies in the Nigerian Legislations
Arbitration has become an increasingly preferred mechanism for resolving commercial disputes in Nigeria, offering parties a faster and more flexible alternative to litigation. However, the true effectiveness of arbitration lies in the ability to enforce arbitral awards seamlessly. While Nigeria has made significant strides in aligning its legal framework with international best practices, several challenges […]
Innovating Finance: How IP Insurance Can Transform Nigerian Innovative Startups.
Introduction In the evolving global economy, intellectual property (IP) has emerged as a critical asset for businesses, especially for startups and innovation-driven enterprises. IP assets, including patents, trademarks, and copyrights, represent significant value for many companies, but leveraging them to secure financing has traditionally been fraught with challenges, primarily due to the difficulty in accurately […]
Enforcement of Foreign Arbitral Awards Annulled at the Seat
Introduction Enforcement of arbitral awards against a losing party who refuses to comply voluntarily with the award is consistent with the mutual intention of the parties to resolve their differences through arbitration and be bound by the resulting award. In this respect, judicial assistance ensures the effectiveness of arbitration as a private arrangement supported by […]
The Provision for Family and Dependants in a Will: Can a ‘Side Chick’ of a Testator Contest the Validity of His Will, Where No Reasonable Financial Provision is Made for Her in the Will?
INTRODUCTION The dependents of a deceased person (testator) can contest his Will, where they believe that reasonable financial provision(s) has not been made for them in the Will. This issue has been provided for, under the extant laws regulating the disposition of a person’s properties. Thus, the law allows certain categories of individuals to challenge […]
Virtuitis Solaris Powers Ahead with 500 Mini-Grids to Expand Energy Access in Nigeria
Dear Readers, Nigeria is making significant progress in closing its electricity access gap, with the International Finance Corporation (IFC) partnering with five Distributed Renewable Energy (DRE) companies to accelerate mini-grid deployment across the country. This initiative aligns with Mission 300, led by the World Bank Group and African Development Bank, which aims to connect 300 […]
Does Extension of Arbitration Agreements to Non-Signatories Undermine the Principle of Consent as Cornerstone of Arbitration?
INTRODUCTION International arbitration has long been regarded as the cornerstone for resolving disputes between parties engaged in cross-border transactions. A fundamental principle underpinning this mechanism is that arbitration is consensual – a contractual arrangement entered voluntarily to resolve disputes outside the traditional court systems. As frequently expressed in arbitration agreements, consent generally binds only parties […]
