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Sanusi’s Suspension: Legal or Illegal - Nigeria

The suspension of erstwhile Governor of Central Bank of Nigeria, Sanusi Lamido Sanusi by President Goodluck Jonathan has generated a lot of heated legal debate on the legality or illegality of the suspension.

Telecommunication In Nigeria

Broadcasting and telecommunication has come a long way in Nigeria. Formally these services were considered social services in nature hence private companies were foreclosed from participation of any kind. This article will explore these procedures, conditions for grant, refusal, renewal and withdrawals of these licenses.

Case Review: Director of SSS V. Agbakoba

Constitutional Law - International Passport: Power of Minister of Internal Affairs - Constitutional Law - Fundamental Human Rights: Extent of the powers of State Security Service - Constitutional Law - Fundamental Human Right: Freedom of Movement - Right of Nigerian Citizen to hold International Passport: Whether Absolute. The Supreme Court: Whither the Principles:

The Nigerian Money Laundering (Prohibition) Act 2002

The Nigerian Money Laundering (Prohibition) Act 2002 (MLPA) was enacted at a period when money laundering was synonymous with drug trafficking.

Capital Gains Tax in Nigeria: Exemptions and Reliefs

Capital Gains Tax accrues on an actual year basis.

Collective Investment Schemes under Nigeria’s Investment and Securities Act 2007

Part XIII of the Investment and Securities (ISA) 2007 creates collective investment schemes in Nigeria.

Production Sharing Contract in the Nigerian Oil and Gas Sector

Nigeria had in the past years engaged in Joint Venture Agreement (JVA) for the exploration of her petroleum resources.

Patent and Designs Act 1990: Patentability of Inventions in Nigeria

A patent is usually a form of market monopoly granted to the inventors by a government authority as an incentive to invent or innovate. This grant is usually for the period of 20 years.

Cyber Security Bill: Panacea for Cyber Crimes and Related Practices? - Nigeria

Stakeholders in Information and Communication sector recently reiterated their commitment to the passage of the anti-cyber crime bill into law.

Nigerian Mining Industry: Opportunities for Foreign Investors

Nigeria is endowed with numerous mineral resources such as talc, iron ore, bitumen, gold, rock salt, gypsum, lead/zinc, coal, gemstones, kaolin, tantalite, bentonite and baryte located in different parts of the country in commercial quantity

Proposed Industrial Property Commission Bill Reduces Duration of Trademarks from 14 Years to 7 Years - Nigeria

The Industrial Property Commission bill has significantly reduced the duration required for trademark renewal.

Nigerian Maritime Industry: Foreign Participation in Cabotage Trade

The objective of the Cabotage Act in Nigeria is principally to reserve domestic coastal trade (“cabotage or cabotage trade”) within Nigerian Coastal and Inland Waters to vessels built and registered in Nigeria, wholly owned and wholly manned by Nigerian citizens.

Admiralty Jurisdiction in Nigeria

Section 251(1) (g) of the 1999 Constitution of the Federal Republic of Nigeria confers exclusive jurisdiction on the Federal High Court to hear and determine admiralty disputes in Nigeria.

Abandonment of Wrecked Ships on Navigational Routes in Nigeria

Calls have been made to Nigerian Maritime Administration and Safety Agency (NIMASA) to remind it of its statutory duties regarding removal of wrecked ships.

Nigerian Money Laundering Prohibition Act

The Nigerian Money Laundering (Prohibition) Act 2002 (MLPA) was enacted at a period when money laundering was synonymous with drug trafficking. Consequently, the law sought basically to prohibit gains obtained from narcotic drugs and other psychotropic substances.

Long and Extensive Use: High Court Reaffirms Criteria for Protection of Unregistered Marks in Nigeria

Under Section (5) of the Trademarks Act of Nigeria, the right of a proprietor of a registered trademark is deemed to be infringed by any person who, not being the proprietor of the trademark or a registered user thereof, using it by way of permitted use....

Corporate Tax Refund: A New Concept in Nigeria?

The emergence of the Federal Inland Revenue Service (FIRS) Establishment Act may bring smile to the faces of corporate tax payers if the provision that introduces tax refund will be given the necessary push and attention.

Nigeria's Aviation Industry Needs Radical Overhaul and Modernization

The deplorable state of infrastructure at both the international and domestic airports in Nigeria has given rise to a call by all and sundry for an immediate radical revamp of the aviation industry.

Telecomms Regulators to Require SIM Card Registration to Curb Cell Phone-Related Crimes - Nigeria

The recent direction by the Ministry of Information and Communications to the effect that all mobile telecoms operators selling new Subscriber Identification Module (SIM) cards must obtain the data of prospective subscribers and that all previously obtained SIM cards must be registered without delay is no doubt a good policy aimed at reducing the incidents of technology related crimes.

Qua Iboe Terminal Oil Spill: One too Many?

The effects of oil spills on human and aquatic life remains so grievous and almost irreparable if not properly handled. Effective clean-ups and reclamations of affected areas usually take long time and requires much effort and consistency.

Nigeria Set to Reform the Regulatory Framework of the Investment and Securities Act (ISA) 2007

In the aftermath of the meltdown of Nigeria’s capital market, the absence of strong regulatory framework has been recognized as one of the contributory factors in the unusual downturn in the capital market.

CBN Take-Over of Nigerian Banks: Unresolved Legal Issues

The full extent of the powers of the CBN Governor and the CBN itself to regulate banks registered in Nigeria is contained in two pieces of legislation: the Central Bank of Nigeria Act, and BOFIA, respectively. However, whether these pieces of legislation authorize the CBN Governor to takeover and sell off the banks is a matter of serious legal doubt.

Market-making Proposal in Limbo Two Years after SEC's Approval in Nigeria

The proposal to establish Market-makers in Nigeria has not taken off two years after SEC approval. July 2010 Vol. 23: Issue 7

Corporate Affairs Commission to Deregister Tax-Defaulting Companies in Nigeria

For decades, many companies whose names appear in the Registry of Companies with the Corporate Affairs Commission (CAC) fail to pay annual corporate taxes or file annual returns.

Market Makers in Nigeria: The Law and Regulation

Nigerian Stock Exchange (NSE) and the Securities and Exchange Commission (SEC) Release Criteria for Licensing Market Makers in Nigeria

Enforcement of Foreign Arbitral Awards in Nigeria

Commercial arbitration has become a major attraction in international transactions owing to its speed and effectiveness in resolving commercial disputes. Having obtained the award however, the successful party would have to enforce the award against his adversary.

Nigeria and Debt-Financing of Joint Venture Cash Calls

Nigerian Government may debt finance and/or equity finance its 2009 joint venture cash call obligations.

The Lagos State Wharf Landing Fees Bill: Is it Constitutional? - Nigeria

Nigeria’s biggest and busiest ports are located in Lagos. Recently, a bill was introduced in the House of Assembly of Lagos proposing the imposition of levies on trucks loading out of any of the ports in Lagos including Apapa and Tin Can Island ports.

New National Tax Policy Approved in Late December ‘08 - Nigeria

The Technical Committee on the Nigerian National Tax Policy has announced that the draft document of the tax policy is to be submitted to the Federal Executive Council for approval before the end of the year 2008.

Landing Permits for Trans-Continental under Sea Optic Cables in West Africa: Challenges for Telecommunications Outfits

There is a paucity of fibre optic capability in the West African telecommunications industry. In addition to widening the digital divide between Africa and the rest of the world, this situation has resulted in slower Internet connections and expensive telecommunications facilities in the sub-region.

Central Bank of Nigeria Sets New Hurdles for Foreign Banks Desirous of Acquiring Nigerian Banks

Central Bank of Nigeria and Foreign Ownership of Nigerian Banks

The Nigerian Public Procurement Act 2007 and Debarment of Multinational Corporations from Participating in Government Contracts

The Nigerian Public Procurement Act 2007 and Debarment of Multinational Corporations from Participating in Government Contracts: Unanswered Questions on Debarment and Exclusion Rules

The Nigerian Content Development Bill: What Foreign Investors in the Oil and Gas Sector Should Look out for

The liberalization of the oil & gas sectors of the Nigerian economy and increased global demand for crude oil have combined to make Nigeria a key player in the global oil market. However, for decades, Nigeria’s oil and gas sectors have been dominated by foreign multinational entities with large expatriate workers deployed in both on-shore and offshore locations in the country.

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