Cape Town Convention Practice Directions
Nigeria’s recent classification by the Aviation Working Group (AWG) ranks at a medium level, two tiers below the high and very high categories. In this update, we explore the key factors behind Nigeria’s medium-level ranking and outline the essential milestones...
JCT Standard Form Contracts: 2025 Updates
On August 21, 2024, the Joint Contracts Tribunal (JCT) published 2024 updates to the Standard Building Contracts and associated sub-contracts suite. This follows the release of earlier updates, such as the Design & Build Contract, Minor Works Contracts, and Intermediate...
NERC Shifts Nigerian Electricity Market to Bilateral Trading
The Nigerian Electricity Regulatory Commission (NERC) has directed the Nigerian Bulk Electricity Trading Company (NBET) to stop entering into new contracts for purchasing and reselling electricity or ancillary services.
A Primer on Hell or High Water Clauses in Aviation Leases
"Hell or high water clauses" are a standard fixture of aviation leases and it appears that courts will generally enforce "hell or high water clauses" in aviation leases, in the absence of extenuating factors. This legal update provides a primer...
Infrastructure Funds: Key Protections for Investors in Nigeria
For global pension funds and institutional investors investing in Nigeria's infrastructure sector for the first time, investing in Nigeria through an infrastructure fund addresses some of the traditional risks associated with emerging/frontier markets and provides some level of risk management....
Carbon Emissions Trading: Key Considerations for Investors
The carbon emissions trading market is finally taking off in Nigeria. There are at least 5 regulatory developments which support this conclusion. First, is the publication of the revised National Policy on Climate Change (2021-2030)