by Stren & Blan Partners | Nov 1, 2024 | Insight
October witnessed significant developments across Nigeria’s energy sector, with notable policy shifts, large-scale project announcements, and strategic deals aimed at reshaping the industry. This edition provides a succinct review of key highlights, where we offer...
by Stren & Blan Partners | Oct 29, 2024 | Insight
On the 2nd of October 2024, the Federal Government of Nigeria, under the hand of the Finance Minister, Hon. Olawale A. Edun, officially issued the Deduction of Tax at Source (Withholding) Regulations 2024 (the “Regulations”), in its Official Gazette No. 168, Vol. 111...
by Stren & Blan Partners | Oct 23, 2024 | Insight
Piracy in the Gulf of Guinea has emerged as a significant threat to global maritime security, affecting shipping companies, shipowners, and insurers alike. The region accounts for the highest number of piracy incidents worldwide, particularly involving kidnapping for...
by Stren & Blan Partners | Oct 22, 2024 | Insight
The petroleum industry has been the cornerstone of Nigeria’s economy, contributing around 90% of its export earnings and 40% of government revenue. With the enactment of the Nigerian Oil and Gas Industry Content Development Act (NOGICD) in 2010, the government sought...
by Stren & Blan Partners | Oct 21, 2024 | Insight
Africa has continued to lead the ranks as the region with the highest rate of return on foreign investment. The continent is not only fast in developing its commercial future, but since the turn of the 21st century, the rate of real GDP has risen at more than twice...
by Stren & Blan Partners | Oct 17, 2024 | Insight
Globally, the digital revolution in the music industry has reshaped how music is created, shared, and enjoyed. This transformation has brought about both opportunities and challenges. Platforms like Spotify, YouTube Music, Apple Music, and local services such as...
by Stren & Blan Partners | Oct 10, 2024 | Insight
On 3rd September 2024, the Federal Government of Nigeria (FGN) issued the Value Added Tax (Modification) Order, 2024 (the Order), in its Official Gazette No. 149, Vol. 111 of 3rd September 2024, through the Honourable Minister of Finance, Mr. Adebayo Olawale Edun....
by Stren & Blan Partners | Oct 9, 2024 | Insight
Q3 of 2024 for Nigeria’s energy sector demonstrated significant advancements despite persistent challenges. In the power sector, despite the infrastructural deficits and financial constraints, there has been notable efforts to improve efficiency in generation,...
by Stren & Blan Partners | Oct 8, 2024 | Insight
The Nigeria Data Protection Commission (‘the Commission’), on 4th October, 2024, published a press release extending the deadline for the registration of Data Controllers/Processors of Major Importance (DCPMI), without penalty to 31st October 2024. Open the PDF to...
by Stren & Blan Partners | Oct 3, 2024 | Insight
REGULATORY UPDATES A. FEDERAL MINISTRY OF INDUSTRY, TRADE, AND INVESTMENT i. Update on the Intellectual Property Automated System (IPAS): On 23rd September, 2024, World Intellectual Property Organisation (WIPO) visited the Commercial Law Department of the Ministry of...