Olubunmi Abayomi-Olukunle, Author at Balogun Harold

Service-Based Electricity Tariffs in Nigeria: Key Considerations

The increase in the price of electricity tariffs payable by electricity customers in Band A, as notified in the 2024 Multi-Year Tariff Order puts into sharp focus the legal framework around Service-Based Tariffs in Nigeria

April 17, 2024

Aircraft Financing in Nigeria: Some Key Legal Considerations

Infrastructure, Power & Energy Insights

Aircraft Financing in Nigeria: Some Key Legal Considerations

For a number of reasons, aircraft financing is one of the more complex forms of corporate financing. Where the airline borrower or lessee is operating in a developing country like Nigeria, another layer of intricacy emerges. In this update, we...

April 12, 2024

New Minimum Share Capital Requirements For Nigerian Banks: Some Legal Considerations for Bank Investors and Shareholders

Investment Funds & Financial Institutions

New Minimum Share Capital Requirements For Nigerian Banks: Some Legal Considerations for Bank Investors and Shareholders

The latest central banking policy decision facing commercial banks in Nigeria is a new policy mandating commercial banks to increase the regulatory share capital for carrying on the business of banking in Nigeria by up to a factor of 10[1]....

April 1, 2024

Fiscal Incentives for Deepwater & Midstream Developments

Infrastructure, Power & Energy Policy Update

Fiscal Incentives for Deepwater & Midstream Developments

Nigeria’s President recently announced a number of fiscal incentives and administrative changes aimed at improving the competitiveness of the oil and gas industry in Nigeria and making Nigeria a more attractive destination for global oil and gas investments relative to...

March 7, 2024

Fixing the Price of Cement in Nigeria: Some Key Competition Law Considerations

Infrastructure, Power & Energy Insights

Fixing the Price of Cement in Nigeria: Some Key Competition Law Considerations

The recent announcement of an agreement between the Nigerian Government and cement manufacturers in Nigeria to peg the price of a 50kg bag of cement at between N7000 and N8000 (the “Pricing Mandate”) raises some important questions of competition law...

March 4, 2024

The Expatriate Employment Levy: New Rules for Sponsoring Foreign Skilled Workers in Nigeria

Infrastructure, Power & Energy Policy Update

The Expatriate Employment Levy: New Rules for Sponsoring Foreign Skilled Workers in Nigeria

The latest policy of the Nigerian government impacting the sponsorship of skilled foreign workers for employment in Nigeria is a new annual expatriate employment levy of up to $15,000 payable by Nigerian companies for each skilled foreign worker (the “Levy”)....

March 4, 2024

Fintech Lender not Liable for Breach of Human Rights of Borrower

Case Study

Fintech Lender not Liable for Breach of Human Rights of Borrower

Fintech lenders in Nigeria frequently face legal action from their borrowers. Often, these borrowers, who have outstanding debts, initiate court proceedings to stall or avoid repayment altogether. One common claim made by borrowers is that a fintech lender has violated...

February 19, 2024

Policy Update

Nigeria’s Carbon Market Activation Plan

Nigeria is making concerted efforts to grow its carbon market. This policy update highlights some of the recent policy developments in Nigeria's carbon market.

February 12, 2024

CBN Issues New Rules for International Money Transfer Firms

Policy Update Technology, Media & Digital Economy

CBN Issues New Rules for International Money Transfer Firms

Nigeria's Central Bank ( the "CBN") is intensifying its efforts to safeguard the Naira from ongoing devaluation pressures. A key battleground in this mission is the international money transfer and remittance sector. This sector is particularly strategic compared to the...

February 5, 2024

New Central Banking Regulations for Cryptocurrency Companies in Nigeria

Legal Update Technology, Media & Digital Economy

New Central Banking Regulations for Cryptocurrency Companies in Nigeria

In a new 2023 Regulation for the Operation of Virtual Asset Providers in Nigeria, issued by Nigeria’s Central Bank, Nigeria has effectively lifted a previous ban that prohibited local Nigerian banks from transacting with or providing business banking services to...

January 3, 2024

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Author: Olubunmi Abayomi-Olukunle

Service-Based Electricity Tariffs in Nigeria: Key Considerations

Aircraft Financing in Nigeria: Some Key Legal Considerations

New Minimum Share Capital Requirements For Nigerian Banks: Some Legal Considerations for Bank Investors and Shareholders

Fiscal Incentives for Deepwater & Midstream Developments

Fixing the Price of Cement in Nigeria: Some Key Competition Law Considerations

The Expatriate Employment Levy: New Rules for Sponsoring Foreign Skilled Workers in Nigeria

Fintech Lender not Liable for Breach of Human Rights of Borrower

Nigeria’s Carbon Market Activation Plan

CBN Issues New Rules for International Money Transfer Firms

New Central Banking Regulations for Cryptocurrency Companies in Nigeria

Service-Based Electricity Tariffs in Nigeria: Key Considerations

Aircraft Financing in Nigeria: Some Key Legal Considerations

New Minimum Share Capital Requirements For Nigerian Banks: Some Legal Considerations for Bank Investors and Shareholders

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