by Stren & Blan Partners | Jan 31, 2025 | Dispute Resolution, Insight
Over the past two decades, arbitration has increasingly been adopted as a preferred mechanism for resolving cross-bordercommercial disputes globally, either on a stand-alone basis or in conjunction with other forms of ADR. The year 2024witnessed a significant uptick...
by Stren & Blan Partners | Jan 30, 2025 | Health and Pharmaceutical, Insight
In 2024, Nigeria’s health and pharmaceutical sector witnessed significant transformations, driven by key market developments and efforts to strengthen the domestic pharmaceutical industry. One of the most impactful changes was the introduction of a new framework...
by Stren & Blan Partners | Jan 28, 2025 | Energy, Insight
The Nigerian energy sector in 2024 was defined by transformative regulatory changes, ambitious infrastructure investments, and high-profile transactions. These developments laid the groundwork for substantial progress in 2025. However, critical challenges such as...
by Stren & Blan Partners | Jan 27, 2025 | Financial Services Sector, Insight
In 2024, Nigeria’s financial sector experienced remarkable growth and transformative developments, setting the stage for further progress in 2025.The sector recorded over a 30% increase in the first half of the year, driven by foreign capital inflows that doubled to...
by Stren & Blan Partners | Jan 22, 2025 | Fast Moving Consumer Goods, Insight
The Fast-Moving Consumer Goods (FMCG) sector in Nigeria suffered setbacks in 2024 due to economic shifts driven by inconsistent Government policies. Several multinational companies like Kimberly-Clark Nigeria, Pick n Pay, and many others exited Nigeria because of...
by Stren & Blan Partners | Jan 21, 2025 | Insight, Tax
The Lagos State Internal Revenue Service (LIRS) recently issued a Notice (the “Notice”) to employers in the State to file their annual tax returns for the 2024 financial year on or before 31st January 2025. Pursuant to Section 81(2) of the Personal Income Tax Act....
by Stren & Blan Partners | Jan 6, 2025 | Energy, Insight
Nigeria currently experiences a wave of divestments by international oil companies (IOCs), an increased attention is being directed towards the decommissioning of ageinginfrastructure. This has prompted the urgent need for decommissioning strategies that are...
by Stren & Blan Partners | Jan 3, 2025 | Energy, Insight
In the last quarter of 2024, Nigeria’s oil and gas sector experienced a slight development from the previous quarter. In October 2024 the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)recorded a decline in crude oil production from 1.54 million...
by Stren & Blan Partners | Dec 30, 2024 | Insight, Intellectual Property
The Trademarks Registry (TMR) released two journals on 18 and 25 October 2024. Interested persons had until 18th and 25th December 2024 respectively, to oppose the registration of any trademark in the journals. The TMR has now received notices of opposition filed by...
by Stren & Blan Partners | Dec 30, 2024 | Insight
The Central Bank of Nigeria (CBN) in a circular dated 29 November 2024, issued the Revised Guidelines for the Nigerian Foreign Exchange Market (“NFEM”) (the “Guidelines”), marking a significant shift in how foreign exchange transactions are to be conducted in Nigeria....
