Banking Regulation Newsletter – March 2021April 26, 2021
In March 2021, the Central Bank of Nigeria (CBN) once again re-emphasised its aggressive policy direction on diaspora remittances, as an important measure for addressing the perennial foreign currency squeeze. The Apex Bank has introduced a short-term Naira to Dollar policy to incentivize foreign currency remittances. The CBN also issued a new circular on the regulatory forbearance granted in 2020 (as part of the COVID-19 intervention) for the restructuring of credit facilities of other financial institutions.
The Finance Act: What Businesses in Nigeria Should KnowMarch 30, 2021
In this first series, we would be discussing the changes and innovations on a sector-by-sector basis as introduced by the Finance Act of 2020 (‘the Act’), which was signed into law on 31st December 2020 and came into effect on 1st January 2021.
Wrestling with Counterfeits in Africa and the Position of Unregistered TrademarksDecember 16, 2020
For many African countries and Africa as a whole, one could easily say that the fate of fair competition and Intellectual Property (IP) rights protection in trade development is largely dependent on the fight against counterfeits.
An Assessment of Netting Provisions under the Companies & Allied Matters Act 2020December 8, 2020
The Companies and Allied Matters Act 2020 (‘the Act’), which repealed the Companies and Allied Matters Act, 1990, introduced several innovative developments to aid ease of doing business in Nigeria and improve the Nigerian financial market.
Communique – Telemedicine & the Future of Healthcare in NigeriaOctober 7, 2020
JEE in line with its sector initiative, and expertise in the Health & Pharmaceuticals industry, organised a one day Webinar titled “Telemedicine & the Future of Healthcare in Nigeria; Legal Regulatory & Policy Considerations”.
Review of Amended 6th Edition of Nigeria Broadcasting CodeAugust 25, 2020
Recently, the Nigerian government announced amendments to the 6th edition of the Nigerian broadcasting code. The amendments, as published in the media, make provisions for local content in the broadcast industry, increased advertising revenue for local broadcast stations and content producers, and creates far-reaching restrictions with regards to monopolistic and anti-competitive behaviour. Highlighted below are some of the key provisions of the Code.