Three reforms expected to enhance business activities in the country.
The Presidential Enabling Business Environment Council (PEBEC) has kicked off the National Action Plan 2.0, which is aimed at increasing the global competitiveness of the Nigerian economy. The plan, tagged NAP 2.0, is the...
Is China taking advantage of Nigeria with loans and grants?
The Chinese have provided grants for major infrastructure projects, but that has only opened the doors to more sub-standard products and a trade imbalance.
One of the most common Nigerian stereotypes is that you will...
Uber is Suing an Ad Agency for Fraud
Ride-hailing service Uber Technologies Inc. is suing an ad agency for fraud, thanks partly to a post on Breitbart News.
Uber is taking Fetch Media Ltd. to court for click fraud. The company says the...
Two in court over alleged N10m Bitcoin scam
Two men, who allegedly obtained N10 million on the pretext of exchanging it for $30,000 worth of bitcoin, on Thursday appeared before a Yaba Chief Magistrates’ Court in Lagos.
The accused, Ransome Ajom, 32, and...
Marginal Fields: What happens to the operator when an OML is revoked?
Word is out that the Federal Government of Nigeria is set to commence a new bid round for the allocation of marginal fields. Thinking about marginal fields, essentially a small area of a wider...
National Gas Policy – Series I(Governance and Industry Structure)
Background
The first half of 2017 ended on a positive note with the approval by the Federal government of Nigeria (FGN), of the National Gas Policy (the Policy) which articulates Government’s medium to long-term targets...
Business in Nigeria – current state of play
Nigeria has been ranked the nineteenth most attractive economy for investments flowing into the African continent.
In 2015, it was estimated that Nigeria attracted a net foreign direct investment of US$3.1 billion. Although the Nigerian...
CBN Guidelines on Importation
In an effort to ensure the stability of Nigeria’s foreign exchange market, the Central Bank of Nigeria ( CBN ), has issued a series of circulars excluding certain goods and services from the list...
Cybersquatting Under the Nigerian Law
Introduction
As aptly noted by W. Cornish & D. Llewellyn, in their book, Intellectual Property: Patents, Copyright, Trademarks and Allied Rights, Sixth Edition, Sweet & Maxwell, London, p.862:
“As E-commerce has grown, the internet has become...
Lagos State Public Private Partnership
Introduction
On 24 June 2011, the Lagos State Government passed into law the Public Private Partnership Law 2011 (PPP Law). The PPP Law which is the State Government’s latest attempt to further refine the legal...