• Legal Framework

    In-depth coverage of the local legal framework for business is an integral part of OBG’s analysis. Working in partnership with a leading local law firm, we review foreign investment laws, ownership restrictions, requirements for local partners and labour laws, among other topics.
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Nigeria continues to generate a fair share of private equity transactions in Africa, especially in telecommunications, health, insurance, agriculture, financial, manufacturing, retail and real estate.

 

Corporate law is one of the highly regulated areas in Nigeria, which is not surprising given its effect on the country’s economy and polity.

Chapter | Legal Framework from The Report: Nigeria 2017

This chapter introduces the reader to the different aspects of the legal system in Nigeria, in partnership with Stillwaters Law Firm.

It also contains a viewpoint with Afamefuna Nwokedi, Principal Counsel and Group Head, Stillwaters Law Firm.

With Africa’s largest economy and its biggest population, Nigeria is the continent’s heavyweight. The country has been blessed with resource-rich lands, areas of great agricultural fertility and favourable demographics, but it has also had its fair share of challenges.

 

GOVERNMENTS & THEIR POWERS: There are three levels of government in Papua New Guinea: the national, provincial and local-level governments. The Constitution and the Organic Law on Provincial Government and Local-Level Government (Organic Law) regulate the legislative powers of the national,...

 

The last two years have seen the Parliament enact a variety of new legislative acts, much of which is of a high standard. New acts include the Kumul Legislation, which is designed to positively effect the current government’s agenda for state-owned enterprises and businesses, along with the holding of the state’s interest in mining projects...

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