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THE CBN NIGERIA /PBOC CHINA BILATERAL CURRENCY SWAP AGREEMENT (BCSA)

BACKGROUND The Central Bank of Nigeria (CBN) in 2011 made a decision to hold a part of its external reserves in Chinese Renminbi (CNY). The reason for this is not far-fetched given the expanding influence of China in global trade […]

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Nigeria Immigration Service suspends extra $110 Visa Fees

Recently, a new policy affecting foreigners entering the country with a Visa on Arrival was introduced at Lagos Murtala Muhammed International Airport. The new policy imposed an additional $90 on foreigners on arrival as Biometric Visa-On-Arrival charge and an additional […]

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Nigeria – Federal Executive Council approves 2 Executive Orders and 5 Amendment Bills on tax policy.

The Federal Executive council on the of 6th June 2018 approved 2 executive orders and 5 tax policy amendment bills in a bid to ameliorate tax burden, simplify tax payment, and increase the ease of doing business. It is noteworthy […]

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Federal government of Nigeria rewards whistle-blowers

BACKGROUND The Whistle Blowing Policy was created by the Federal Ministry of Finance and approved by the Federal Executive Council in December 2016. The policy is targeted at encouraging patriotic citizens to report criminal acts such as mismanagement or misappropriation […]

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Cybersecurity: understanding the threat landscape and lessons from the GDPR for Nigerian entities

Cybersecurity threat and cyberattack have emerged as a foremost menace facing global businesses and public institutions over the last decade. The danger is an existential reality private and public institutions have to contend with. The increased sophistication of attacks has […]

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Understanding consent in the age of GDPR – lessons for Nigerian entities.

Technology has increasingly eased the condition of our living. Often, these technologies rely on data generated by our interactions with it to serve us better. As we increasingly produce data, our privacy rights becomes vulnerable. The exponential growth of technology […]

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Visa, work and residence permit in Nigeria

INTRODUCTION As in any other country, Non- Nigerians that desire to enter, work and reside in Nigeria have to comply with the Immigration requirements of the country. The Immigration Act 2015 and the Immigration Regulations 2017 provide the framework for […]

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#MeToo Movement- steps to curbing work place sexual harassment in Nigeria

INTRODUCTION Sexual Harassment has been unlawful for decades and most cases of sexual harassment at the workplace go unreported. This has been the occurrence until the #Me Too movement which brought to light series of sexual harassment cases in the […]

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Enforcement of arbitral awards

In the age of globalisation, increasing commercial transactions and trade is not without the prospect of dispute. To guarantee a fair playing ground and the continuity of tranquil market space, it is in commonplace to find dispute resolution clause inserted […]

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The Foreign Corrupt Practices Act (“FCPA”) & UK Bribery Act (“UKBA”)

Takeaways for Companies doing business in Nigeria Background For investors looking to do business and companies doing business in Nigeria, there are myriad considerations. Navigating the business landscape without falling foul of the provisions of the UK Bribery Act 2010 […]

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