Written by: Tobenna Nnamani Partner, PUNUKA Attorneys & Solicitors Lagos, Nigeria t.nnamani@punuka.com www.punuka.com Introduction The challenges of operating in the Mining sector in Nigeria range from insecurity, poor data gathering, infrastructural deficiency etc. In addition to these challenges, it is not unusual to read about disputes between companies and host communities …
More →Eric Otojahi – Partner and Lead, Energy & Power Practice Group, PUNUKA Attorneys & Solicitors. Nnamdi Ben-Igwenyi – Deputy Lead, Energy & Power Practice Group, PUNUKA Attorneys & Solicitors. 1. Introduction The Nigerian Constitution always allowed component States in the country the authority to generate, transmit and distribute electricity within their territory. However, that authority …
More →SAFE Finance in Nigeria Written by: Tobenna Nnamani Partner, PUNUKA Attorneys & Solicitors Lagos, Nigeria t.nnamani@punuka.com www.punuka.com Introduction According to the African Venture Capital Activity Report 2022, seed stage deals continually comprise the largest proportion of venture capital volume in Africa. When categorized from sector specific level, …
More →OPEN BANKING REGULATIONS OF THE CENTRAL BANK OF NIGERIA AND THE OUTLOOK FOR THE FINTECH INDUSTRY IN NIGERIA Open banking is a term that refers to the practice of allowing third-party financial service providers to access customer data and transaction history held by banks and other financial institutions. This concept has gained popularity in recent …
More →Authors: Tobenna Nnamani[1] INTRODUCTION: The challenges associated with obtaining debt finance for a Mining Company in Nigeria is enormous. This is reasonably so because the challenges of the sector have over the years developed the expertise to drain the appetite of the local Banks. The challenges have also able to …
More →The regulatory oversight for mergers and acquisitions in Nigeriais vested in the Federal Competition and Consumer ProtectionCommission (the “Commission” or “FCCPC”) by virtue ofthe Federal Competition and Consumer Protection Act 2018(“FCCPA” or “Act”). Click Here to read more or Download
More →The World Bank has estimated that micro, small and medium sized enterprises (MSMEs) represent over 95% of enterprises and account for more than 60% of employment worldwide. With limitations regarding their ability to self-protect against insolvency risk, their susceptibility to systemic demand and supply shocks, their limited capital reserves and their level of debt overhang, …
More →REGULATORY UPDATE: THE NIGERIA DATA PROTECTION BUREAU (NDPB) COMPLIANCE NOTICE FOR THE NATIONAL DATA PROTECTION ADEQUACY PROGRAMME (NADPAP) WHITELIST The Nigeria Data Protection Bureau (NDPB) was established to enforce the Nigeria Data Protection Regulation 2019 (NDPR), a duty previously carried out by the Nigeria Information Technology Advancement Agency (NITDA). In line with this duty, the …
More →GET TO KNOW: 2022 REVISED HANDBOOK ON EXPATRIATE QUOTA ADMINISTRATION The Ministry of Interior (MOI) is the Federal Ministry responsible for issuing Business Permits and Expatriate Quota positions. The handbook on expatriate quota administration imposes guidelines for foreign participation in businesses established in Nigeria. A revised handbook (‘’The Revised Handbook’’) has beenpublished by the MOI. …
More →Introduction The Nigeria Start-up Act project is a joint initiative by Nigeria’s tech start-up ecosystem and the Presidency to harness the potential of our digital economy through co-created regulations. The Act ensures that Nigeria’s laws and regulations are clear, planned and work for the tech ecosystem with the aim of enabling environment for growth, attraction, …
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