Author: Lexsetters LLP Following the enactment of the Electricity Act 2023 (which repealed the Electric Power Sector Reform Act 2005), the Nigerian Electricity Regulatory Commission (the ‘Commission’) issued the Mini-Grid Regulations, 2023 (the ‘Regulation’). The Regulation is primarily geared towards ensuring that reliable and affordable power is accessible to the underserved and unserved areas of …
Continue reading “LICENSING/REGISTRATION REQUIREMENTS UNDER THE MINI-GRID REGULATIONS, 2023”
The Corporate Affairs Commission (the “Commission”) have extended the grace period for the full application of penalties for failure to file annual returns by companies, from 1st January 2024 to 1st April 2024. This is contained in the public notice issued by the Commission dated 28th December 2023. The Commission had in its earlier public …
By 1st January 2024, the Corporate Affairs Commission (the “Commission”) will commence the enforcement of penalties for non-compliance with the filing of annual returns. In its Public Notice of November 2nd 2023, the Commission stated that as from that date, the penalties prescribed by the Companies Regulations against a company and each of its directors …
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“The NDPR outlined various obligations which an organization must comply with as a way of demonstrating its compliance with the NDPR. These obligations, better described as the ‘Accountability Obligations’ are subsumed in Art. 2.1(3) of the NDPR which provides that “anyone who is entrusted with the personal data of a data subject or who is …
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On 8th February 2023, President Muhammad Buhari signed into law, the Business Facilitation (Miscellaneous Provisions) Act, 2022 (“BFA”). The objectives of the BFA are to promote the ease of doing business in Nigeria and eliminate bureaucratic bottlenecks; amend relevant legislation to promote the ease of doing business in Nigeria, and institutionalize all the reforms to ease implementation. It further amended specific provisions of 21 business-related laws to remove bureaucratic obstacles to doing business in Nigeria. We have reviewed the BFA and highlighted its salient provisions, including the legislations that were consequentially amended.
On 19th October 2022, the Nigerian Startup Act, 2022 (the “NSA”) was signed by the President of the Federal Republic of Nigeria. Amongst other things, the NSA provides for the creation and development of an enabling environment for technology-enabled startups in Nigeria. In this article, we feature the highlights of the NSA, and how it …
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The specific objectives of the FCH are to “process specific payments related to the transfer of football players between clubs; protect the integrity of the football transfer system ; enhance and promote financial transparency in the football transfer system; and prevent fraudulent conduct in the football transfer system.
The Nigerian Data Protection Bureau (“NDPB” or “Bureau”) has issued a notice for compliance to its Whitelist for the National Data Protection Adequacy Programme (“NaDPAP”). The Whitelist which was established pursuant to section 37 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and the Nigerian Data Protection Regulation (“NDPR”) 2019, will …
On 26th August 2022, the Federal Competition and Consumer Protection Commission (“FCCPC”) issued the “Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending 2022” (the “Guideline”). It was, indeed, issued pursuant to the powers of the FCCPC under sections 17, 18, and 163 of the Federal Competition and Consumer Protection Act, 2018 (“FCCPA”) – that …
We are delighted to have represented Enyimba International Football Club (“Enyimba”) at the Confederation of African Football (“CAF”) Disciplinary Board (“Board”) in respect of the ban on Enyimba’s player, Oladapo Augustine (“Austin”). Austin was banned from all football activities by the Board after a urine test conducted on him (prior to the match between Pyramids …
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