Key Highlights of the Petroleum Industry Act 2021

Key Highlights of the Petroleum Industry Act 2021

The Petroleum Industry Act (Act) was finally signed into law on the 16th of August 2021 by President Muhammadu Buhari, the President of the Federal Republic of Nigeria. The passage of the Act after almost 20 years in the making is a significant milestone for the...
Competition and Consumer Protection in Nigeria

Competition and Consumer Protection in Nigeria

In 2018, the National Assembly enacted the Federal Competition and Consumer Protection Act 2018. The Act seeks to, amongst several others, promote and maintain competitive markets in the Nigerian economy, protect and promote the interests and welfare of consumers,...
Joint Venture Property Development in Nigeria

Joint Venture Property Development in Nigeria

In the recent years, the housing deficit in Nigeria was estimated to be around 17 Million. It was also projected that Nigeria will require about 59 Trillion naira to remedy this situation. The imperative to build more houses is now driving increased property...
Exporting Agricultural Produce from Nigeria

Exporting Agricultural Produce from Nigeria

With a population of more than 200 million and land mass of 923,768 km2, Nigeria is well positioned to be one of the largest exporters of agricultural produce. Ironically, this is not yet the case as Nigeria significantly relies on the importation of agricultural...
Foreign Investment in Nigeria

Foreign Investment in Nigeria

The history of foreign participation in Nigeria can be traced back to 1972 when the Nigerian Enterprises Promotion Decree (NEPD) was enacted. This law provided that certain enterprises were exclusively reserved for Nigerians while others had to have at least 40%...