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Introduction On the 6th of February 2019, the President of the Federal Republic of Nigeria signed the Federal Competition and Consumer Protection Bill into law. Prior to the passage of the Federal Competition and Consumer Protection Act 2018; (the FCCPA), the legal and...

Introduction Following the launch of the Nigerian Gas Flare Commercialization Programme (NGFCP) and the Flare Gas (Prevention of Waste and Pollution) Regulations 2018 (the Regulations) issued by the Minister of Petroleum (the Minister), the Department of Petroleum Resources...

According to the World Economic Forum’s The Global Competitiveness Report 2017–2018, Nigeria ranked 127th out of 137 economies surveyed in terms of the quality of its roads and 131st out of 137 on the overall quality of its infrastructure. Another report published by the...

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...