By Mary-Cynthia Okundaye and Yvonne Ezekiel Olisa Agbakoba Legal (OAL) Mergers and acquisitions (M&A) can be a powerful tool for businesses looking to expand their operations, enter new markets, and achieve economies of scale. However, M&A transactions are complex and involve significant risks and challenges. These challenges could be due to a variety of factors, including strategic, financial, and…
Over time, the Central Bank of Nigeria (CBN) has adopted different exchange rate systems, such as controlled, floating, and managed float, alongside intermittent interventions, all aimed at achieving extended market stability. The controlled exchange rate system is that in which the central bank determines a fixed exchange rate, while floating exchange rate system allows the determination of the rate by market forces. Meanwhile, the managed float exchange rate system allows the influence of demand and supply to determine the exchange rate but also allows occasional involvement by the central bank to manage persistent fluctuations.
By Tobenna Nnamani PUNUKA Attorneys & Solicitors Introduction Nigeria, officially the Federal Republic of Nigeria is the most populous country in Africa and often referred to as the “giant” of Africa. She gained her independence from the United Kingdom on October 1, 1960 and comprises of 36 states and the Federal Capital Territory Abuja. The 1999…
The UN noted that access to the internet needed to be anchored in a human rights-based approach, and that the internet should be open, accessible, and nurtured by multi-stakeholder participation. In this regard, it is safe to say that the UN’s action in ensuring that access to the internet right is a fundamental human right is hinged on several factors anchored on several other rights. This was shown in the recent wave of demonstrations and protests across west, central and northern Africa. The Black Lives Movement, #EndSars movement, elections in Brazil, Kenya, Nigeria, and Lesotho which were greatly influenced by social media and the internet, demonstrate the need to facilitate access to the internet for all persons.
It is also necessary to note an expert testimony is not immune from being affected by hearsay and thus inadmissible. The legal position is that if what purports to be an expert report is, in fact, hearsay evidence or was, on a particular point, based on hearsay evidence, it can be perfectly rejected.
Section 89(1) of the Act provides that no licensee shall supply electricity after the expiration of the date appointed by NERC except through installation of a proper meter in accordance with the relevant regulations made by NERC.
he Nigerian government has issued Small Scale Mining Leases to a few companies to begin lithium mining operations in the country. These permits are issued by the Ministry of Mines and Steel Development and are valid for a period of five years.