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Bitcoin Cryptocurrecy

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 Oil fields

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...
Oil and Gas

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

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

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

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...
Lekki Ikoyi Bridge

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...

A Review of the Asset Management Corporation Act, 2010

A Review of the Act The Asset Management Corporation of Nigeria Act, 2010 (AMCON Act) was recently signed into law by the President of the Federal Republic of Nigeria, Dr Goodluck Ebele Jonathan on 19 July 2010....

Securities and Exchange Commission Issues New Rules

On April 28, 2010, the Securities and Exchange Commission (SEC) took another step towards the bridging of some of the gaping gaps that currently exist in securities regulation in Nigeria, through the issuance of new SEC...