Publications

The KS Legal Briefing Series is a client focused digest of relevant legal topics affecting our clients’ business interests. Please contact us if you require more information or advice on any of the topics covered by the KS Legal Briefing Series.

 

August 5, 2021

The Legal and Institutional Framework for Renewable Energy in Nigeria

The renewable energy sources is growing fast and the participation and investment in the Nigerian renewable energy subsector of the energy sector is on the increase. There is however no specific legislation for the regulation of this subsector yet. This article examines the various legislations and regulatory institutions in the Nigerian renewable energy sector.

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April 12, 2021

Cryptocurrencies in Nigeria: An Overview of the Regulatory Framework

On the 5^th of February 2021, the Central Bank of Nigeria (CBN) issued a circular to Nigerian banks and financial institutions, which put a hard stop on the dealing, trading and transacting in cryptocurrencies (also referred to in the rest of this article as ‘Cryptos’).

This article examines what cryptocurrencies are, what the legal and regulatory framework for cryptocurrency currently is in Nigeria, in comparison to other jurisdictions, and then we shall conclude by making recommendations as to what a balanced regulatory approach to cryptocurrencies would look like in our current financial and regulatory environment.

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March 11, 2021

CAMA 2020; It’s Effect on Public Limited Companies 

On 7th August 2020, President Muhammadu Buhari signed the Companies and Allied Matters Act, 2020 (the Act) into law. The Act repealed the Companies and Allied Matters Act Cap C20 LFN 2004. The Act largely retained the provisions of the repealed law with some modifications and made several novel provisions for the regulation of companies and other business and non-business entities.

This Alert is focused on the modifications and the novel provisions introduced in the Act and how they apply to public limited companies.

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February 24, 2021

CAMA 2020 ⇒ Individuals Can Own And Operate Businesses In Nigeria Without Registration

The enactment and subsequent operation of the Companies and Allied Matters Act, 2020 (CAMA) continues to generate a lot of controversy. In the area of micro and small businesses, some have argued that the Act criminalizes the non-registration of businesses in the informal sector which accounts for up to 65percent of Nigerian economic activity.

In this commentary, the author concludes that small business owners do not need to be overly concerned with the registration of their businesses with CAC, as there are significant exemptions to cover them.

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