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KNOWLEDGE BANK


TWO YEARS AFTER THE METER ASSET PROVIDER REGULATION (2018): TAKING STOCK

29 May 2020

The regulatory framework on Meter Asset Provider (Regulation) issued by the Nigerian Electricity Commission (NERC) came into effect on 8 March 2018 and became enforceable on 3 April 2018. The Regulation seeks to encourage the development of independent and competitive meter services, eliminate estimated billing practices, attract private investment for the provision of metering services, close the metering gap through accelerated meter roll out and ultimately enhance revenue generation and improved customer service in the Nigerian Electricity Supply Industry (NESI).

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international arbritrationA-Z OF CORPORATE REORGANISATIONS – TYPES OF RESTRUCTURING V0L 2.

21 May 2020

Prior to the enactment of the Federal Competition and Protection Commission Act 2018 (FCCPA), there were no laws regulating mergers between non-Nigerian entities which result in a change of control of a Nigerian business (foreign-to-foreign mergers). Thus, a person desiring to acquire a company may avoid Nigerian merger control regulations by simply acquiring the foreign parent company of the Nigerian entity

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nationalisation of failed banksA – Z OF CORPORATE REORGANISATIONS IN NIGERIA VOL 1.

30 April 2020

With businesses around the world severely impacted by the Covid-19 pandemic, many may require some form of restructuring in the near future. Even before the pandemic, several sectors in the Nigerian economy were primed for reorganisation, either to meet regulatory requirements, maximise performance or stay afloat, increase economies of scale, increase market share or diversify the company’s business.

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Foreign to foreign merger regulationsREGULATION OF FOREIGN-TO-FOREIGN MERGERS IN NIGERIA

20 May 2020

Prior to the enactment of the Federal Competition and Protection Commission Act 2018 (FCCPA), there were no laws regulating mergers between non-Nigerian entities which result in a change of control of a Nigerian business (foreign-to-foreign mergers). Thus, a person desiring to acquire a company may avoid Nigerian merger control regulations by simply acquiring the foreign parent company of the Nigerian entity

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Exploring opportunities in nigerian fintech

NIGERIAN FINTECH INDUSTRY: EXPLORING THE OPPORTUNITIES

05 May 2020

The COVID-19 pandemic has caused uncertainties to the global economy at large. These uncertainties have created risks for both companies and individuals around the world at an unprecedented level, including raising questions as to the safety of cash within the payment system.

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OVERVIEW OF NAFDAC REGISTRATION PROCESS

30 April 2020

The world is currently experiencing the scourge of the Covid-19 pandemic which so far can only be kept at bay by the imposition of social distancing rules. Naturally, the manufacture of Personal
Protective Equipment and dispatch to areas where they are needed is a priority to the world at large

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NERC order on tarriffsNERC ORDER ON TRANSITION TO COST REFLECTIVE TARIFFS IN NIGERIA

30 April 2020

On 31 March 2020, the Nigerian Electricity Regulatory Commission (NERC) issued the NERC Order No: NERC/198/2020 also known as the “Order on the Transition to Cost Reflective Tariffs in the Nigerian Electricity Supply Industry”. This Order provides a framework for the transition to cost
reflective tariffs within the Nigerian Electricity Supply Industry (NESI).

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crowdfunding regulations in nigeriaOVERVIEW OF SEC PROPOSED RULES ON CROWDFUNDING

April 2020

On 28 March 2020, the Securities and Exchange Commission (SEC) exposed its draft Rules on Crowdfunding (Rules). The Rules is expected to regulate crowdfunding platforms located within Nigeria, and those outside Nigeria as long as the crowdfunding activities are targeted at
investors in Nigeria.

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NERC ORDER ON
CAPPING OF ESTIMATED
BILLING 

February 2020

On 20 February 2020, as a step towards bridging the metering gap, the Nigerian Electricity Regulatory Commission (NERC) released an Order which placed energy caps on estimated consumption of electricity in the Nigerian
Electricity Supply Industry (NESI).

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review of finance act 2019REVIEW OF THE FINANCE ACT 2019

January 2020

On Monday 13 January 2020, President Muhammadu Buhari signed the Finance Bill 2019 into law. Quite significantly, the new Act is aimed at curing the deficiencies of major primary tax legislations through the
amendment of obsolete and contentious provisions and the introduction of sweeping reforms to the Companies Income Tax (CIT), 2004; Value Added Tax Act, 2007; Capital Gains Tax Act, 2007; amongst others.

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