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: […]
2026 Mid-Year Nigeria Power Sector Report
Introduction The Nigerian Power Sector continued to witness significant regulatory, institutional, and market developments during the first half of 2026. Despite these developments, the Sector continues to grapple with longstanding structural challenges that undermine its operational efficiency and financial sustainability. As highlighted in our 2025 End-of-Year Nigeria Power Sector Report, the persistent liquidity crisis driven […]
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 […]
Regulatory Alert: CAC to Enforce Business Letters Requirements Under Cama 2020
📢Client Alert | CAC to Enforce Information Disclosure Requirements in the CAMA from 1 August 2026 The Corporate Affairs Commission (CAC) has announced that it will commence enforcement of the disclosure requirements applicable to company business correspondence under the Companies and Allied Matters Act, 2020 (CAMA), with effect from 1 August 2026. Companies should ensure […]
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 […]
Turbulent Jurisdiction: Mapping The Boundaries of Nigerian Aviation Claims
Introduction Aviation disputes in Nigeria have a dimension that many other commercial disputes lack: the asset at the centre of the dispute can be airborne and out of the country within hours. The asset generates revenue only when it is airborne, but it can also be used to easily evade judgment and frustrate creditors by […]
