TECH Digest for June
Olaniwun Ajayi’s Technology, Innovation, and Fintech Team presents its Technology News Highlights (Highlights) for the month of June. The Highlights contain a summary of major local and international developments in the Technology...
OALP Dispute Resolution Practice Quarterly Newsletter 2nd Quarter 2023
The dawn of the year 2023 forebode a new beginning in the administration of the Federal Republic of Nigeria; the promise of which came to pass in the second quarter of 2023,...
CBN (Customer Due Diligence) Regulations 2023: Overview and Potential Implications
On 20 June 2023, the Central Bank of Nigeria (CBN) issued the CBN (Customer Due Diligence) Regulation 2023 (the CDD Regulations). This regulatory initiative is aimed at assisting financial institutions to comply...
Constitutional Amendment Relating to the Railway Transport Sector: A Panacea for Resuscitating the Railway...
As one of the astounding farewell accomplishments of the erstwhile President of the Federal Republic of Nigeria, His Excellency Muhammadu Buhari (the Erstwhile President), the Erstwhile President signed 16 (sixteen) constitution alteration...
Foreign Exchange Rate Convergence in Nigeria
Following an announcement by President Bola Ahmed Tinubu on his administration’s plan to unify the different foreign exchange market rates, the Central Bank of Nigeria (CBN), in its Press Release issued on...
TECH Digest for May
Olaniwun Ajayi’s Technology Innovation and Fintech Team presents its Technology News Highlights (Highlights) for the month of May. The Highlights contain a summary of major local and international developments in the Technology...
REVIEW OF NERCS ORDER ON MIGRATION OF CUSTOMERS AND COMPENSATION FOR SERVICE FAILURE UNDER...
The Nigerian Electricity Regulatory Commission (NERC) introduced the service-based tariff (SBT) regime in the Multi-Year Tariff Order 2020 (MYTO 2020), a form of incentive-based regulation, permitting distribution companies (DisCos) to receive higher...
Nigeria’s New Arbitration and Mediation Act 2023 – A Competitive Edge To Arbitration In...
The Arbitration and Mediation Act, 2023 (the AMA) – came into force in Nigeria on 26 May 2023, replacing the Arbitration and Conciliation Act (the ACA) that had stood unaltered for over...
Olaniwun Ajayi London and Nigeria Advises BUA Cement Plc (BUA) on the US$1 billion...
The Joint English and Nigeria team of Olaniwun Ajayi has advised BUA on the US$1 billion expansion of its Kalambaina Plant in Sokoto State. The US$500 million momentous expansion debt financing was...
The Nigerian Electricity Regulatory Commission issues Consumer Protection Regulations 2023
On March 29, 2023, the Nigerian Electricity Regulatory Commission (NERC) issued the Consumer Protection Regulations 2023 (the Consumer Protection Regulations) to safeguard consumers from the activities of electricity distribution companies (DisCos) in...