JD Supra Nigeria

Publisher:: JD Supra
Publication date:: 2019-04-29

Publisher

JD Supra (59)

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White & Case LLP (10)
Mintz - ML Strategies (8)
Hogan Lovells (7)
Dentons (6)
Latham & Watkins LLP (3)
Allen & Overy LLP (2)
Fisher Phillips (2)
Michael Volkov (1)
King & Spalding (1)
K&L Gates LLP (1)
Orrick, Herrington & Sutcliffe LLP (1)
Carlton Fields (1)
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Sheppard Mullin Richter & Hampton LLP (1)
Varnum LLP (1)
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Latest documents

Revolutionizing business in Nigeria: A detailed examination of the Business Facilitation Act 1/2
The Business Facilitation (Miscellaneous Provisions) Act was signed and enacted into law by President Muhammadu Buhari in February 2023. The Act aims to (i) promote the ease of doing business in Nigeria by ensuring transparency and regulatory efficiency; and (ii) facilitate the growth of businesses in Nigeria by reducing the time of applications Ministries, Departments and Agencies (MDAs) of the Federal Government. The Act also amends outdated provisions of relevant legislations in various industries. This article highlights some of the key provisions of the Act that will impact how business is being carried out in Nigeria. Please see full Publication below for more information.
The role of the Board in Cybersecurity and Information Technology (IT) Governance
Introduction - Corporate governance encompasses the system of rules and regulations that governs the affairs of a company. It seeks to ensure that the financial and non-financial interests of all stakeholders in the corporate ecosystem are balanced.
The Startup Act series: Fiscal incentives available to startups under The Startup Act, 2022
Introduction - With about 383 tech startups raising a combined total of US$2,068,709,445 between 2015 and 2022 - a higher total than any other country in Africa, Nigeria benefits greatly from the economic contributions of startups1 . The passing of the Startup Act therefore marks the dawn of a new dispensation for startup ventures in Nigeria. Please see full Publication below for more information.
The Startup Act series: An overview of The Startup Act, 2022
Introduction - On the 19th of October 2022, President Muhammadu Buhari signed the Startup Act (the Act). The Act is a significant legislation for the Nigerian technology and innovation ecosystem as Nigeria has increasingly become a prime destination for startup funding in Africa despite inadequate regulatory framework. In 2021, out of the $4billion startup funding in Africa, Nigeria attracted the largest portion of $1.37 billion1 . Also, in 2021 several start-ups were each valued at $1billion (specifically Flutterwave (founded in 2016), Opay (founded in 2018) and Andela (founded in 2014)) with the space receiving over $1.3 billion in investment. The passing of the Act was therefore necessary to pave way for a legal and regulatory framework that offers clarity to the operations of startups in Nigeria. Please see full Publication below for more information.
An Overview of Barge Operations in Nigeria
Effective cargo management is essential to the smooth operations of Nigerian ports and terminals. The management of cargo on arrival at the ports and terminals directly impacts the nation’s commercial, economic, and international trade status. A key component of cargo management at Nigerian ports and terminals is the operation of barges. Please see full Publication below for more information.
Transitioning from LIBOR: Legal Considerations for the Nigerian Financial Market
The global financial services industry is in the process of transiting from the utilization of the London Interbank Offered Rate (“LIBOR”) benchmarks. Accordingly, borrowers and lenders across the globe are navigating the transition from LIBOR to risk-free rates (“RFRs”). The Nigerian financial market is not excluded from this transition. Please see full Publication below for more information.
Roadmap to Corporate Sustainability The Role of the Board in Mitigating ESG Risks
Introduction Environmental Social and Governance (‘ESG’) is one of the biggest issues in the business world today. While the concept has been around for some time, it began to garner significant traction following the outbreak of the COVID-19 pandemic. ESG relates to the effect that a company’s business practices has on (1) the environment (‘E’) in which it operates, including energy resources used, output of waste and the general impact on climate; (2) social issues (‘S’), such as employee health and safety, human rights, data privacy of customers and employment practices; and (3) governance (‘G’) of the business having regard to issues such as corporate governance, risk management, and compliance. Please see full Publication below for more information.
Regulating the relationship between host communities and upstream petroleum operators
Background - An important offshoot of the Petroleum Industry Act, 2021 (the “PIA” or the “Act”) is the creation of aźstatutory and regulatory framework that allows host communities of oil and gas companies to directly enjoy socio-economic benefits from petroleum operations with the aim of facilitating sustainable prosperity/development to such communities, as well as peaceful relations between the communities and petroleum operators. To this end, the PIA requires a settlor to... Please see full Publication below for more information.
Improving Access To Justice For Corporates Under The New Arbitration Regime In Nigeria: Is Third Party Funding The Game Changer?
Introduction: - On the 10th of May 2022, the arbitration community in Nigeria awoke to the cheering news that the Senate of the Federal Republic of Nigeria had passed the Arbitration and Mediation Bill 2022, after a 16-year struggle to have a reformed arbitration legislation tailored to meet the need of users, especially the corporates. Although the Bill still needs to be assented to by the President of the Federal Republic of Nigeria to become Law, the arbitration community is right to commemorate the feat of its passage. Please see full Publication below for more information.
Renewable Energy: Key Highlights of the Electricity Bill
A. Introduction - The power generation mix for the Nigerian Electricity Supply Industry (the “NESI”) is dominated by gas with over 70% share of on-grid electricity generation, with hydro supplying the rest1 . As the technical, operational and commercial regulator of the NESI, the Nigerian Electricity Regulatory Commission (“NERC”) introduced different regulatory measures aimed at improving the Nigerian energy mix through the utilization of renewable energy sources for power generation. Please see full Publication below for more information.