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Morgan Cole Partners > Posts tagged "Legal"
03 September
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TRANSITION TO STATE ELECTRICITY MARKETS IN NIGERIA

Posted by Morgan Cole Partners
in Legal Advice

Introduction The Nigerian Electricity Supply Industry (“NESI”) is currently undergoing a transition as sub nationals based on recent constitutional amendment[1] to establish and regulate their own electricity markets. This was further strengthened by the enactment of the Electricity Act of 2023 which was assented to by President Bola Ahmed Tinubu. Consequent upon the foregoing, the Nigerian Electricity Regulatory Commission (“NERC”) has granted regulatory approvals to six states — Enugu, Ekiti, Ondo, Imo, Oyo and Edo, which marks a significant milestone in the decentralization of Nigeria's power sector. This transition offers opportunities for states to craft policies that enhance energy access, stimulate...

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19 July
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MONEY LENDING SERVICES IN NIGERIA

Posted by Morgan Cole Partners
in Legal Advice, Pro Bono Work, Training

  Introduction Money lending in Nigeria has transitioned from traditional banking to a more flexible, technology-driven system. This evolution, which includes FinTechs and other digital companies, offers increased convenience, speed, and efficiency. As the money lending landscape has changed, the need to regulate these entities and their interactions with borrowers has become crucial. This paper outlines key regulatory and compliance considerations for establishing and operating money lending businesses in Nigeria. Who Can Offer Money Lending Services in Nigeria? In Nigeria, money lending services can be offered by various entities, including: Deposit Money Banks (DMBs) Microfinance Banks (MFBs) Finance companies Cooperative societies Financial technology companies operating...

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02 July
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REVIEW OF THE POWER SECTOR: ANALYZING THE MINI-GRID REGULATIONS, 2023

Posted by Morgan Cole Partners
in Pro Bono Work, Training

Over the years, Nigeria has experienced a remarkable paradox, one of acute energy poverty in the midst of plenty. Despite the country’s huge energy resources, including both large and small hydropower and abundant gas reserves, 44.6% of households, according to the National Bureau of Statistics do not have access to grid electricity. The federal government privatized the state-owned Power Holding Company of Nigeria (PHCN) in 2013, in the hopes that the private sector would bring the investment needed to drive the electricity sector and provide much-needed energy to millions of Nigerian households and productive users. However, eight years after privatization,...

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01 September
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Executive Summary of the Evidence Act 2023

Posted by Morgan Cole Partners
in Legal Advice, Training

  GENERAL OVERVIEW OF THE EVIDENCE ACT The Evidence Act generally is a law that provides guidelines for how evidence should be collected, presented, and weighed in both civil and criminal cases in Nigeria. The Nigerian Evidence Act outlines various types of evidence, including oral testimony, documents, electronic records, and expert opinions amongst other provisions. It establishes rules for the examination and cross-examination of witnesses, the authentication of documents, and the criteria for admitting or excluding evidence based on factors such as relevance, authenticity, and hearsay. Section 1 is the amendment clause and it states that the Evidence Act, 1990  “the...

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