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 [...]
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 [...]
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 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 [...]
The Technology, Media and Telecommunications Practice Group of ǼLEX Partners is organising its annual Webinar series for 2024, with the theme: "Start, Scale and Sustain”. The Webinar, which is scheduled to hold on Thursday, 29 [...]
Merger and acquisition (M&A) activities in Nigeria continue to shape the nation's corporate landscape. Forprivate companies, these transactions are primarily structured as share acquisitions through subscription orpurchase from existing shareholders. download pdf [...]
In a public notice dated 8th November 2023, the Federal Ministry of Interior (“the Ministry”) announced a significant update regarding the filing of Monthly Quota Returns, reflecting its commitment to excellent service delivery. The notice [...]
By a notice dated 5th December 2023 which has now been retracted, the Corporate Affairs Commission (the “CAC”) informed the public of the commencement of the implementation of the N100 million minimum paid-up capital requirement [...]
In a notable development, the Central Bank of Nigeria (CBN) reversed its stance on cryptocurrency transactions on December 22nd, 2023, by issuing the "Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPs)." [...]
By a notice dated 5th December 2023 which has now been retracted, the Corporate Affairs Commission (the “CAC”) informed the public of the commencement of the implementation of the N100 million minimum paid-up capital requirement [...]
