ENVIRONMENTAL LAW AND PRACTICE IN NIGERIA
AelexIT2025-04-10T12:29:40+01:00ENVIRONMENTAL LAW AND PRACTICE IN NIGERIA ~ OVERVIEW
April 2025
March 2025
NIGERIA’S BRICS MEMBERSHIP | IMPLICATIONS
AelexIT2025-03-25T13:12:29+01:00Recently, we have seen a frenzy of conversations about BRICS, its expansion and what it means for new participating countries like Nigeria. It would seem as though it is a new phenomenon or the latest [...]
February 2025
Regulation of Lotteries in Nigeria: Review of the Supreme Court’s Decision and its Implications
AelexIT2025-02-24T10:10:48+01:00In a landmark decision delivered on 22 November 2024, the Supreme Court nullified the National Lottery Act 2005 (‘NLA’), which established the National Lottery Regulatory Commission (‘NLRC’) and granted it authority to regulate national lotteries [...]
AELEX Wins Prestigious Transfer Pricing Firm of the Year (Nigeria) Award
AelexIT2025-02-10T11:13:05+01:00AELEX has emerged winner of the prestigious Transfer Pricing Firm of the Year (Nigeria) Award. The announcement was made at the ITR EMEA Tax Awards ceremony in London, on 18th September 2024, celebrating the most [...]
AELEX FINTECH Team Ranked in Chambers & Partners
AelexIT2025-02-10T11:08:00+01:00AELEX has been ranked by Chambers & Partners for FinTech Legal 2025 in Nigeria. This recognition highlights our team’s dedication to providing innovative, top-tier legal services in the rapidly evolving FinTech sector. Our team continues [...]
The Hidden Costs of Doing Business in Nigeria
AelexIT2025-02-07T14:55:25+01:00On 28 January 2025, the Head of Tax Practice at AELEX, Mr. Theophilus Emuwa, voiced his concerns regarding the hidden non-tax costs that businesses in Nigeria face. He shared these insights at the Breakfast Meeting [...]
January 2025
Regulatory Outlook for the Technology sector 2025
AelexIT2025-01-17T11:23:14+01:00As 2025 unfolds, regulatory dynamics are set to play a significant role in shaping the business landscape. Many of these regulatory actions started to take shape toward the end of 2024 but are expected to [...]
The legal Perspective ~ underscoring the current Tax Reform Bills
AelexIT2025-01-14T14:27:15+01:00President Bola Ahmed Tinubu transmitted the Tax Reform Bills to the National Assembly for consideration in October 2024. The Bills aim to promote uniform procedures for the consistent and efficient administration of tax laws, facilitating [...]
December 2024
Copyright Ownership in Musical Works
AelexIT2024-12-20T10:36:36+01:00Musical works often result from collaborative efforts, with various contributors playing unique roles. These roles may involve composing melodies, writing lyrics, creating beats, or producing rhythms. Contributors such as songwriters, composers, producers, and sound engineers [...]
November 2024
CLIMATE CHANGE AND ENVIRONMENTAL CONSIDERATIONS IN THE IMPLEMENTATION OF THE AfCFTA
AelexIT2024-11-14T16:07:27+01:00The African Continental Free Trade Area (“AfCFTA”) Agreement establishes the world's largest free trade market, with the potential to revolutionise markets and economies across the continent. Projections indicate that AfCFTA could significantly boost intra-African trade [...]
October 2024
Navigating Corporate Governance for Financial Institutions
AelexIT2024-10-18T12:24:08+01:00Key Insights for Banks, Financial Holding Companies, and Public Companies under the SEC Code of Corporate Governance in Nigeria.
September 2024
CAN A PRIVATE COMPANY INCORPORATED PRE-CAMA 2020 HAVE A SINGLE SHAREHOLDER?
AelexIT2024-09-09T10:00:15+01:00INTRODUCTION On 30th July 2024, the Federal High Cout sitting in Abuja delivered a landmark judgment in Suit No: FHC/ABJ/CS/665/2023: Primetech Design & Engineering Nigeria Limited and Julius Berger Nigeria Plc v. Corporate Affairs Commission. [...]
August 2024
Examining NERC’s Order on the Establishment of the Independent System Operator
AelexIT2024-08-22T12:50:37+01:00Introduction Pursuant to the Electricity Act, 2023 (the “EA”)[1], the National Electricity Regulatory Commission (the “NERC” or “Commission”) issued an order dated 30 April 2024 titled – Order on the Establishment of the Independent System [...]
SEIZURE OF NIGERIA’S PRESIDENTIAL JETS BY A CHINESE FIRM
AelexIT2024-09-06T15:44:58+01:00On 26 March 2021, Zhongshan Fucheng Industrial Investment Co. Ltd (“Zhongshan”) obtained an arbitral award in the sum of about $USD70 million against the Federal Republic of Nigeria (“Nigeria”). The award flowed from a dispute [...]
AELEX SECURES A VICTORY FOR CONTRACTUAL AUTONOMY
AelexIT2024-08-30T15:02:49+01:00ǼLEX is pleased that, in a unanimous judgment of the Court of Appeal in Appeal No. CA/LAG/CV/854/2022 – Sqimnga Nigeria Limited v. Systems Applications Nigeria Limited delivered on 26 March 2024, the Court of Appeal [...]
July 2024
REMOVAL OF DIRECTORS NOT AN EXCLUSIVE REMIT OF SHAREHOLDERS
AelexIT2024-07-30T10:45:03+01:00The removal of a director is popularly recognised as the exclusive preserve of a company’s members in general meetings in line with the provision of section 288(1) of the Companies and Allied Matters Act, 2020 [...]
The Exercise of Business Discretion does not Amount to Discrimination
AelexIT2024-07-23T13:26:16+01:00ǼLEX is pleased to have represented the successful defendants; Pressure Control Systems Nigeria Ltd (PSCNL) and Baker Hughes (BH) in a suit instituted by a former employee in Suit No: NICN/LA/405/2019-Adebisi Arike Shonekan v. Pressure [...]
Legal 500 Country Comparative Guides 2024
AelexIT2024-07-11T11:13:09+01:001. What are the main methods of resolving disputes in your jurisdiction? The main methods of resolving commercial disputes in Nigeria are Litigation and Alternative Dispute Resolution Mechanisms such as; Arbitration and Mediation. Parties may [...]
Nigeria’s Withholding Tax Reforms:
AelexIT2024-09-13T11:38:38+01:00Nigeria 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. [...]
REGULATING ARTIFICIAL INTELLIGENCE IN NIGERIA
AelexIT2024-07-01T17:23:33+01:00Introduction 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 [...]