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SEC Statements on Digital Assets

Securities and Exchange Commission’s Statement on Digital Assets

Previously, digital assets such as cryptocurrencies and tokens were unregulated in Nigeria, with regulators taking a cautious approach, and urging the public to tread carefully when investing in such assets.
NERC - MYTO 2020

NERC’s Multi Year Tariff Order (MYTO) 2020

On 28 August 2020, the Nigerian Electricity Regulatory Commission (NERC) issued the “Multi Year Tariff Order (MYTO) 2020” (MYTO 2020 or the Order), which marks the commencement of a novel “service reflective”...
IFLR Nigerian Law Firm of the Year Award

OALP – IFLR 2020 Law Firm of the Year

Olaniwun Ajayi is pleased to have been recognised at the prestigious IFLR Sub-Saharan Africa Awards 2020, as “The Nigerian Law Firm of the Year”. In...
NERC'S Guidelines

NERC’S Guidelines on the Application for Competition Transition Charges

The Nigerian Electricity Regulatory Commission (NERC or the Commission), on 30 July 2020, issued the “Guidelines on filing Applications for Competition Transition Charge by Electricity Distribution and Trading Licensees” dated 27 July 2020 (the Guidelines)...
CBN Guide

CBN Guidelines on Global Standing Instruction for Individuals

As part of the regulatory strides to reduce the vast non-performing loans (NPLs) in the Nigerian banking system, the Central Bank of Nigeria (CBN) on 13 July 2020, published the Operational Guidelines...
The Pandemic, Patents and Pharmaceuticals

The Pandemic, Patents and Pharmaceuticals

As major pharmaceutical giants race towards finding a vaccine for the COVID-19 pandemic, on the second episode of our Voxtero Podcast, our Intellectual Property team discusses some of the interlocking issues around...
NSE

Nigerian Stock Exchange Proposed Rules for Broker to Fintech Collaborations

The Nigerian Stock Exchange (NSE or the Exchange) recently released its Exposure Draft of the Proposed Rules for Broker to Fintech Collaborations (BFC or Collaboration) (the Proposed Rules). The Proposed Rules seek to regulate any business...
IBEDC

Federal High Court Declares NERC Enforcement Regulation Null and Void

On the 10th of July 2020, the Federal High Court delivered a landmark judgement in the case of Ibadan Electricity Distribution Company Plc (IBEDC) & 7 Ors. v Nigerian Electricity Regulatory Commission (NERC)...
IMTS

Guideline to the provision of International Money Transfer Services in Nigeria – Part B

In Part A of this two-part series on the provision of international money transfer services (IMTS) in Nigeria (access part A here), we considered the regulatory overview of IMTS in Nigeria, by...
NERC Guidelines

NERC’S Guidelines on Distribution Franchising

On 02 July 2020, the Nigerian Electricity Regulatory Commission (NERC or the Commission) issued the Guidelines on Distribution Franchising in the Nigerian Electricity Supply Industry dated 24 June 2020 (the Franchising Guidelines), to primarily establish...