Paragraph 14(b) Part II of the Second Schedule of the 1999 Constitution of the Federal Republic of Nigeria and Section 2(2) of the Electricity Act of 2023 (“EA”) empowers states in Nigeria to develop and regulate their electricity markets subject to the State of House of Assembly passing a law to that effect. This allows States to regulate electricity operations within their jurisdiction, including power generation, transmission and distribution.
On 7 February 2025, the Federal High Court, Lagos Division (the Court), in Emeka Nnubia v. Minister of Industry, Trade and Investment, Federal Competition and Consumer Protection Commission & MTN, affirmed the authority of the Federal Competition and Consumer Protection Commission (FCCPC) to enforce competition regulation within Nigeria’s communications sector. This decision was
The basic applicable law in Nigeria on admissibility of evidence is the Evidence Act, 2023 (as amended) (“Evidence Act”). Evidence in support of a party’s case can either be oral or documentary. Oral evidence represents the oral testimony of a witness in Court and includes depositions on oath.
Following the removal of fuel subsidy, the transition from Premium Motor Spirit (PMS) also known as petrol to Compressed Natural Gas (CNG) represents a critical strategy for enhancing energy solutions for transportation in Nigeria. This article examines the adoption of CNG in Nigeria, highlighting its potential benefits compared to conventional fuels. We will discuss the establishment of key initiatives such as the
On 22nd November 2024, the Federal High Court (the Court) in Frank Ijege v Nigeria Data Protection Commission (Suit No. FHC/KD/CS/34/2024) delivered a landmark decision invalidating certain provisions of the Guidance Notice on the Registration of Data Controllers and Data Processors of Major Importance (the Guidance Notice), issued by
On 2nd October 2024, the Deduction of Tax at Source (Withholding) Regulations 2024 (the Regulations), issued by Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, were published in the official gazette. The Regulations took effect from 1st January 2025.
The Nigerian music industry is laced with stories of exploitation and conflict between artists and record labels. It has now become expedient for artistes and entertainers to take a holistic view of what legal protections are available to them and save themselves from countless disputes. The point is that the array of
In this series of questions and answers, I provide an in-depth overview of the competition aspects of the merger control process under the ECOWAS Competition Framework
On 19 July 2024, the Federal Competition and Consumer Protection Commission (FCCPC or Commission) in Nigeria imposed a fine of $220 million on Meta Platforms Inc (Meta), the parent company of WhatsApp LLC (WhatsApp), for violations of both the Federal Competition and Consumer Protection Act 2018 (FCCPA) and the
In Nigeria, the execution of an aircraft or engine sale agreement will attract stamp duties at an ad valorem rate of 1.5%. The gains realised from the sale will be subject to capital gains tax. Capital gains tax at the rate of 10% arises on gains accruing to domestic parties upon the sale of
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