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NewsWelcome to the Next Chapter in our Achievement!

Streamsowers & Köhn is pleased to announce the appointment of Associate Partners in the Firm, reinforcing our position as a leading law firm dedicated to excellence and client-centered services. With extensive expertise and a commitment to legal excellence, they bring valuable insights and a proven track record of success to our team. Their promotion to partnership further enhances our capabilities across key practice areas and strengthens our ability to provide innovative legal services to our clients.

Corporate LawWHY CBN’S DIRECTIVE TO FIs TO OBTAIN THE SOCIAL MEDIA HANDLE OF CUSTOMERS POTENTIALLY VIOLATES THE DATA PROTECTION ACT

On 31 May 2023, the Governor of the Central Bank of Nigeria (CBN) in exercising powers granted under the Banks and Other Financial Institutions Act 2020 (the Act) issued the Central Bank of Nigeria (Customer Due Diligence) Regulations 2023 (the CDD Regulations). One of the objectives of the Regulations is to

Corporate LawWHAT IS NEW: A COMPARISON BETWEEN THE DATA PROTECTION ACT 2023 AND THE NIGERIA DATA PROTECTION REGULATIONS 2019

On 12 June 2023, President Bola Ahmed Adekunle Tinubu signed the Data Protection Bill into law (“the Act”), now referred to as the Data Protection Act 2023. Prior to the Act, the principal law on data protection in Nigeria was the Nigeria Data Protection Regulations (“NDPR”) amongst other relevant data privacy provisions across various statutes and sector-specific regulations.

Articles Corporate Law0AI AND TAX: NIGERIA

Technology continues to gain ground globally and affect businesses and governments alike. Nigeria, like many other countries was not sufficiently poised for the changes the digital economy brought to taxation and only tried to recover from an eroded tax base by relying on the BEPS Action Plans. Beyond the digital economy,

Articles Corporate Law0Legal regime for renewable energy in Nigeria

Nigeria's first meaningful foray into renewable energy can be traced back to the Nigeria Energy Policy of April 2003, which set out the framework for the development, exploitation and supply of all Nigeria's energy resources.

Articles Corporate Law0COMMENTARIES ON THE KEY PROVISIONS IN THE ARBITRATION AND MEDIATION ACT, 2023

The Arbitration and Mediation Act 2023(“the Act”) was assented to by the former President of the Federal Republic of Nigeria, President Muhammadu Buhari on 26 May 2023 after several years of review and criticism of the Arbitration and Conciliation Act, Cap A18, Laws of the Federation of Nigeria 2004 ("ACA").

Articles Corporate Law0THE FEDERAL GOVERNMENT APPROVES THE BLOCKCHAIN POLICY FOR NIGERIA

On 3 May 2023, the Nigerian government approved a National Blockchain Policy for Nigeria ("Policy"). As the leading digital economy in Africa, Nigeria is the first in the continent to adopt this important technology on a nationwide.

Corporate Law0A NEW DAWN FOR NIGERIA’S POWER SECTOR: HIGHLIGHTS OF THE ELECTRICITY ACT, 2023

The repeal and re-enactment of the Electric Power Sector Reform Act, 2005 (the ESPRA) as the Electricity Act 2023 (the Act) is a major game changer in the Nigerian Electricity Supply Industry (NESI). On Thursday 8th June 2023, His Excellency, President Bola Tinubu GCFR, assented to the Act.

Articles Corporate Law0A COMMENTARY ON KEY AMENDMENTS INTRODUCED BY THE FINANCE ACT 2023

Nigeria's tax laws and regulations have undergone various amendments in the past, with the Finance Act 2023 (“the Act or “FA”) being the most recent amendment. The Act, which became effective on 1 May 2023 though assented to on 28 May 2023 modified certain sections of the Capital Gains Tax Act, Companies Income Tax Act,

OpEds02023 Corporate Governance – Nigeria

Quick reference guide enabling side-by-side comparison of local insights into corporate governance issues worldwide, including sources of rules and practice; responsible agencies and notable opinion formers; shareholder powers, decisions, meetings, voting, duties and liabilities; employee role in governance; corporate control issues; board structure and composition, duties, leadership, committees, meetings and evaluation; director and senior management remuneration; director protections; disclosure and transparency; hot topics, such as shareholder engagement, and sustainability, pay ratio and gender gap reporting; and other recent trends.

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