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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
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...
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...
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)...
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’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...
Guideline to the provision of International Money Transfer Services in Nigeria – Part A
The far-reaching effects of the ongoing COVID-19 pandemic on the global economy have been extensively discussed within the contexts of the technology, business, finance, and energy sectors, as no industry has been...
The Quarantine Act V. NCDC Act Debate: Legislative Congruity, Legislative Superfluity, or Implied Repeal?
The advent of COVID-19 in Nigeria brought about the urgent need for governments to put in place measures to curtail the spread of the deadly disease. This led to the adoption by...
NAICOM Issues Circular on Segmentation of Minimum Paid up Share Capital Requirement
Following circulars released in May and December of 2019, introducing new capital requirements for insurance companies in Nigerian and extending the deadline for recapitalization, the National Insurance Commission (NAICOM) on 3 June...
WASRA Guidelines on the Issuance of Fixed Income Securities
The Nigerian Securities and Exchange Commission (SEC or the Commission) recently published Guidelines for the Issuance of Fixed Income Securities by Statutory Bodies in West Africa Securities Regulators Association (WASRA) member countries...