DISPUTE RESOLUTION NEWSLETTER – 2025
The year 2024 has been a transformative period in the Nigerian legal landscape – defined by significant judicial pronouncements and pivotal legislative reforms. From landmark judgments redefining the boundaries of constitutional law, fundamental rights enforcement, labour law amongst others, to groundbreaking amendments addressing cybersecurity and financial accountability, both the judiciary and legislature have been instrumental […]
Think Sustainability; Building Sustainable Businesses
Introduction Several reasons underscore the crucial importance of businesses prioritizing sustainability. One significant factor is the growing recognition of the pivotal role organizations’ often play in shaping societal values and addressing global challenges. Companies are increasingly acknowledging the necessity of integrating sustainability into their operations deviating from the traditional ideal which was entirely centered on […]
Bureau De Change: Implications, Opportunities, and Challenges of the Proposed 2024 Revised Guidelines.
Introduction The regulation of Bureau de Change Operators (BDCs) remains a topical issue in Nigeria. The Central Bank of Nigeria (CBN) has repeatedly expressed its commitment to addressing the challenges posed by unauthorized operations of some BDCs, which has the potential of undermining the Nigerian financial system. The CBN noted cases of BDC promoters establishing […]
2024 End-of-Year Mining Industry Report
INTRODUCTION The Nigerian mining sector showed considerable resilience and potential for growth in 2024, despite ongoing challenges. The National Bureau of Statistics recently reported that Nigeria’s GDP grew by 3.19% year-on-year in real terms in the second quarter of 2024, surpassing the 2.51% growth recorded in the same period of 2023. This growth, while still tepid, […]
Entitlement to Practice as Legal Practitioner in Nigeria: A Closer Look at the Enhanced Trade and Investment Partnership (ETIP) Agreement Between Nigeria and the United Kingdom (UK)
Introduction The recent announcement of the Enhanced Trade and Investment Partnership (ETIP) surfaced when the Federal Government of Nigeria (FGN) formalized an agreement with the United Kingdom (UK) to allow British lawyers to practice law within Nigerian jurisdiction. This purported milestone was achieved through the execution of the ETIP agreement in February 2024, marking a […]
Nigeria’s Mini-LNG Boom: A Defining Moment for the Gas Sector?
Dear Readers, Welcome to the maiden edition of conversations from the Energy Desk. The highly anticipated and publicized groundbreaking ceremony for the five mini-LNG projects in Ajaokuta, Kogi State, took place today! Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, had proudly announced the projects: NNPC Prime LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG […]
End-of-Year Report on the Nigerian Gas Industry and Investment Projections for 2025 and Beyond
INTRODUCTION In our 2024 Mid-Year Report, we reviewed progress under Nigeria’s Decade of Gas policy, major investments, infrastructure development and divestments in the sector by oil majors, the Federal Government of Nigeria’s (FGN) efforts to boost investments through the 2023-2030 Drilling Campaign and Deep-Water Projects, and the funding sources driving these developments. We also highlighted […]
Regulatory Update: Increase in the Minimum Share Capital Requirements for Banks
REGULATORY UPDATE: Increase in the Minimum Share Capital Requirements for Banks Introduction The Central Bank of Nigeria (CBN) recently unveiled the Banking Sector Recapitalization Programme 2024 (the “Programme”) which mandates commercial, merchant, and non-interest banks to increase their minimum paid-in common equity capital before 31st March 2026. This marks the first increase since 2004 and […]
Power Sector Industry Overview 2024
Introduction The year 2024 was transformative for the Nigerian Power Sector, marked by several significant developments including the handover of the 700MW Zungeru hydropower plant, the successful implementation of Service-Based Tariff and the removal of the electricity subsidy for Band-A consumers, the initiation of the transition to State-level regulation, among other milestones. This 2025 Power […]
Examining the Abuse of Naira Notes in Nigeria: A Legal and Comparative Perspective
Introduction Currency serves as the lifeblood of any nation’s economy, embodying its value and facilitating economic transactions. In Nigeria, the Naira stands as a symbol of national pride and economic stability. However, despite its significance, the abuse of Naira notes has become a pervasive issue in the country, undermining its integrity and the respect it […]
