In this series of questions and answers, we provide an overview of the competition-related aspect of the merger control process in Nigeria
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ArticlesCorporate LawCONSTITUTION AMENDMENT BILL NO. 19, 2022 AND SWIFT ADMINISTRATION OF JUSTICE IN NIGERIA: A COMMENTARY.
The Constitution of the Federal Republic of Nigeria (Fifth Alteration) Bill No. 19, 2022 (“the Bill”) sought to amend Chapter VII, Part IV of the Principal Act (the 1999 Constitution), by inserting after the existing section 287, a new section ‘287A’, that will comprise 10 (ten) clauses. Clause 2 of the Bill proposed to mandate every trial superior court of record to deliver judgment on a matter before it, within 270 days (about nine months) from the date of the filing.
On 26th February 2021, the National Industrial Court (NIC) per Hon. Justice E. A. Oji, delivered a judgment in Suit No: NICN/LA/411/2020 - Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) & 3 Ors. V. Chevron Nigeria Limited
According to Clause 2, the Bill clearly defines its scope as applying to companies incorporated under the Companies and Allied Matters Act, 2020 (“CAMA”) and registered as start-ups per the provisions of Clause 13 of the Bill, and also organisations whose activities affect the creation, support and incubations of labelled start-ups in Nigeria. Non-technology companies, holding companies or subsidiaries of
Most modern government is made up of three arms working together - namely the Executive, the Judiciary, and the Legislature. The Executive arm is responsible for implementing the laws made by the Legislature and enforcing same, the Legislature is responsible for making the laws, and the Judiciary is responsible for interpreting the law.
The bill seeks to amend the Coastal and Inland Shipping (Cabotage) Act 2003 (“the Principal Act”), to include oil rigs as a vessel, within the meaning of a vessel under the Act, and subject to every other provision of the Act relating to vessels
ArticlesGovernanceClarifying The Data Protection Obligations Of Cloud Providers And Cloud Customers In Nigeria
It is generally assumed by some cloud customers in Nigeria that since they do not provide the cloud service, they have no compliance obligation if the cloud service is used to process the personal data of individuals in Nigeria. But as will be explained below, this is incorrect and not always the case according to the provision of the Nigerian Data Protection Regulations 2019 (NDPR) issued by the National Information Technology Development Agency (NITDA).
Is your country party to any bilateral or multilateral treaties for the reciprocal recognition and enforcement of foreign judgments? What is the country’s approach to entering into these treaties, and what, if any, amendments or reservations has your country made to such treaties?
The Federal High Court Port Harcourt Division recently held that the Rivers State Government and not the Federal Government is empowered to collect Value Added Tax (“VAT”) among other taxes in the State.
On 24 May 2021, the Central Bank of Nigeria (‘CBN’) issued a circular on the new license requirements for the Payment Systems in Nigeria(the ‘Circular’). This is a follow-up to its circular dated 9 December 2020 issued...
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