The President of the Federal Republic of Nigeria recently assented to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill (“the Amendment Act”). The Amendment Act aims to significantly increase the revenue earnings derived by Nigeria from its offshore oil wells.
Reforming the Nigerian Sports Industry – Incentives for Sports Investment in Nigeria
Introduction
In 2018, the global sports market reached a value of US$489 billion, growing at an annual rate of more than four percent (4%) since 2014, and is expected to grow at an annual rate of about six percent (6%) to almost US$614 billion by 2022. Investors, private and public, across the globe are actively seeking opportunities to participate in and reap the rewards of the expanding sports industry.
Do the local content laws achieve their objectives to stimulate growth in the Nigerian oil and gas sector?
“In so far as this Act applies to an industry or sector of an industry that is subject to the jurisdiction of another government agency by the provisions of any other law, in matters or conducts which affect competition and consumer protection, this Act shall be construed as establishing a concurrent jurisdiction between the Commission and the relevant government agency, with the Commission having precedence over and above the relevant government agency”.
...the Nigerian Electricity Regulatory Commission (NERC) issued the Transitional Electricity Market (TEM) Supplementary Order in 2015, to provide for the effective administration and operation of TEM in accordance with the various Rules, Codes and Orders that regulate the Electricity Market… The Transmission Company of Nigeria and other stakeholders have stated that the provision is illegal and ultra vires. This article discusses the legality of the controversial provision of the TEM Order...
Disruptive Technology and the E-Banker/Customer Relationship in Nigeria: Legal Perspectives
The digital explosion has led to a proliferation of e-banking services and the emergence of fin-tech companies. With the improvement of telecommunications, more people are carrying out transactions using the alternative means of electronic banking platforms such as online portals, mobile applications and USSD codes