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Introduction The Nigerian Gas Flare Commercialization Programme (NGFCP) was launched by  President of the Federal Republic of Nigeria, Muhammadu Buhari, in his capacity as the Minister of Petroleum Resources (Minister) on 13th December, 2016. The objective of the NGFCP is to...

On 5th October, 2018, the Central Bank of Nigeria (“CBN”), as part of its strategy of boosting the financial inclusion rate in Nigeria, exposed the draft Guidelines on Licensing and Regulation of Payment Service Banks (“PSBs”) with a view of ensuring that over 80% of bankable...

The Central Bank of Nigeria (CBN) and the People's Bank of China (PBOC) executed a Foreign Currency Swap Agreement (FCSA) in May 2018, the purpose of which is to enable local Nigerian traders access the renminbi (RMB) under the FCSA. This below infographic highlights the...

Background Across the globe, many countries, including China, South Africa and member states of the European Union have taken steps in recent years to tighten the legal framework for the protection of data and personal information within their respective jurisdictions. Quite...

Introduction The growth of any nation’s economy is tied implicitly to the level and efficiency of its public infrastructure, principal amongst which is transportation. It is therefore imperative for every progressive nation to have a functional and efficient transport system,...

Introduction On 2nd February 2018, the President of the Federal Republic of Nigeria, Muhammadu Buhari, signed the Presidential Executive Order 005, “Planning and Execution of Projects, Promotion of Nigerian Content in Contracts, Science, Engineering and Technology.” The Order...

INTRODUCTION  On 15th May, 2017, the Federal Minister of Power, Works & Housing, Babatunde Raji Fashola, declared four categories of eligible customers in the Nigerian Electricity Supply Industry (NESI). By the declaration, electricity customers who fall within any of the...

A.    Background Out of the estimated 37 million micro, small, and medium-sized enterprises (MSMEs) in Nigeria, only 31% are able to access credit for their businesses from local financial institutions (commercial and micro finance banks). As at Q4 2015, loans to MSMEs...

A.    Introduction For over five decades, the petroleum industry in Nigeria has remained the bedrock of the Nigerian economy (it accounts for 90% of foreign exchange earnings and about 80% of recurrent and capital expenditures). In spite of this, there have been calls from...

Introduction On 15th May, 2017, the Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola issued a policy directive to the Nigerian Electricity Regulatory Commission (NERC) declaring four categories of eligible customers in the Nigerian Electricity Supply Industry...

A.    Introduction The Nigerian technology industry has witnessed explosive growth at a geometric progression of 34% year-on-year in the last decade; becoming the fastest-growing and one of the largest contributors to the economy. Its contribution to GDP grew from less than 1%...

A.    BACKGROUND Nigeria has maintained a liberalized foreign exchange market since the enactment of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act in 1995. The Act established an autonomous foreign exchange market and guaranteed the unconditional...