Nigeria has overhauled its nearly half-century-old regime on the administration of withholding tax (WHT) with the signing of the Deduction of Tax at Source (Withholding) Regulations 2024 by the Minister of Finance. [...]
Introduction Artificial Intelligence (AI) represents one of the greatest technological advancement of man and since its emergence, it has witnessed a widespread global adoption. From the introduction of smart assistants like Alexa, Cortana, Siri and [...]
The Securities and Exchange Commission (“SEC/Commission”) has issued a Framework on Accelerated Regulatory Incubation Program for the Onboarding of Virtual Assets Service Providers and other Digital Investments Service Providers (“ARIP Framework”), to facilitate the onboarding [...]
Is your state a party to the New York Convention? Are there any noteworthy declarations or reservations? Nigeria is a party to the New York Convention, and it acceded to the Convention on 17 March [...]
The authors of the National Report Nigeria, Olufunke Adekoya SAN, Adedapo Tunde-Olowu SAN, Perenami Momodu and Oluwaseun Philip-Idiok, confirm that the National Report as published in Supplement 131 of March 2024 reflects current arbitral practice [...]
Nigeria is a party to the United Nations Framework Convention on Climate Change (UNFCCC)[1] and other framework conventions such as the Paris Agreement of 2015, where the recommended net-zero target was set as year 2050 [...]
In a public notice issued on the 17th of May, the Nigerian Communications Commission (NCC) notified stakeholders of the temporary suspension of licences in three categories, namely: Interconnect Exchange License (‘IEX’), Mobile Virtual Network [...]
In recent years, competition law has become increasingly important in regulating market behaviour and ensuring fair competition among businesses. One of the critical areas that competition laws address is concerted action among competitors, including price-fixing [...]
ǼLEX is a full-service commercial and litigation law firm with offices in Nigeria and Ghana. It provides tax advisory and litigation services for a wide range of multinational and local companies across the oil and [...]
Last year, the Conference of Parties (“COP 28”) took place in Dubai, UAE, featuring conversations and a renewed commitment to lay the groundwork for a swift, just and equitable transition from fossil fuels, underpinned by [...]
On March 8 2024, AELEX Partners (‘AELEX’) hosted La French Tech to a breakfast session where the topic “To what extent has the Nigerian Startup Act transformed the landscape of the Country’s Startup Ecosystem” was [...]
The Constitution of the Federal Republic of Nigeria 1999 (as amended) (“Constitution”) places aviation matters within the exclusive jurisdiction of the National Assembly. The principal legislation governing the aviation industry is the Civil Action Act [...]
International Women's Day marks the period when the world forms the shape of a heart in celebration of the resilience and strength of women, especially at the workplace. The year 2024 [...]
The Electricity Act (Amendment) of 2024 (the “Amendment Act”) was enacted on February 9, 2024, to address the development and environmental concerns of host communities. It amends the Electricity Act of 2023 (the “Act”) by [...]
Energy security is one of the key concerns of nations around the world. Underpinning this concept are four factors, namely, the availability of energy sources, energy affordability, energy accessibility and energy acceptability. Threats to the [...]
In August 2023[1], the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, announced the creation of new ministerial portfolios. Part of the new portfolios created by the Tinubu Administration is the Ministry of [...]
On 27th January 2024, President Bola Ahmed Tinubu launched the Expatriate Employment Levy (EEL) Handbook, outlining mandatory contributions for employers of foreign workers in Nigeria. eel handbook On 27th January [...]
On February 29, 2024, AELEX Partners (‘AELEX’) commenced its quarterly webinar series, themed 'Start, Scale, Sustain', with a discussion on sustainability and governance. DOWNLOAD PDF On February 29, 2024, AELEX [...]
On 27th February 2024, the Federal Government of Nigeria introduced the Expatriate Employment Levy (“EEL”), a mandatory contribution levied on employers who hire foreign workers in Nigeria. Download pdf Introduction [...]
