Insights

Jul 2020 COVID-19NEWSNEWSLETTERS

DOWNLOAD WEBINAR SLIDE DECK In this webinar, we focused on Nigerian and English law issues arising in the commodities and shipping industries as a result of COVID-19 and Oil Price Disruption. This webinar was jointly presented by Aluko & Oyebode and Reed Smith. Topics include amongst others: Force majeure under sale contracts and charterparties; Negative …

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Jul 2020 COVID-19NEWSLETTERSPUBLICATIONS

Significantly, the pandemic offers an opportunity for Nigeria to build her e-sports. Following the outbreak of COVID-19, there has been an alarming increase in the use of internet technologies in varying sectors, the sports sector inclusive. These include e-payment services, video conferencing technologies, cloud services and video streaming platforms. In the sports industry, Over-the-top (OTT) …

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Jun 2020 COVID-19NEWSLETTERS

The Presidential Taskforce on COVID-19 (the “PTF”) has issued the Revised Quarantine Protocol (the “Protocol”) for all persons arriving in Nigeria from any country (including returnees/stranded Nigerians), effective 08 June 2020. The Protocol outlines the government’s expectations of travellers into Nigeria before departure, while on board and upon arrival in Nigeria. Below are the highlights …

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Jun 2020 COVID-19NEWSLETTERS

At the time of writing, the COVID-19 pandemic has resulted in the death of more than 370,000 people in the world. The rapid spread of the novel Coronavirus has disrupted global economic activity and triggered volatility in the international and local capital markets. The uncertainty occasioned by the pandemic has also adversely impacted investor appetite …

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May 2020 COVID-19NEWSLETTERS

The Nigerian Civil Aviation Authority (“NCAA”) in a circular dated 27 May 2020, issued a public health protocol in conjunction with the Federal Ministry of Health for Nigerian flight crew (the “Protocol”) in a bid to curtail the spread of COVID-19 amongst flight crew members and passengers. The circular applies to airlines, airports and other …

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May 2020 COVID-19NEWSLETTERSPUBLICATIONS

The outbreak of the novel coronavirus (COVID-19) and the race by scientists all over the world to find a cure has sparked-off several issues and debates in many areas of law such as Labour/Employment law, Aviation law and Contract law amongst others. Intellectual Property (IP) Law is equally not spared as the race for a …

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May 2020 COVID-19NEWSLETTERS

On 25 January 2019, the National Information Technology Development Agency (“the NITDA”) issued the Nigerian Data Protection Regulation (“the Regulation”) to regulate organisations that collect and process personal data (“Data Controllers”). The Regulation mandates Data Controllers, who process the personal data of more than 2,000 subjects, to submit a summary of their organisation’s data protection …

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May 2020 COVID-19NEWSLETTERSPUBLICATIONS

Since the onset of the COVID-19 pandemic in Nigeria, business organisations have been considering how best to respond to its impact. Where contractual obligations have become impossible, businesses have looked to force majeure and (where applicable) frustration in order to suspend performance or terminate the contract in its entirety. However, for many businesses, the impact …

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May 2020 COVID-19NEWSLETTERS

In this edition of Managing Disruption Podcast Series, our Partner, Oghogho Makinde shares her insights on how to mitigate legal risks in labour and employment matters. In order to stay afloat in these unprecedented times, most employers are faced with having to make tough business decisions regarding employment in view of the economic impacts of …

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May 2020 COVID-19NEWSLETTERS

Following President Muhammadu Buhari’s directive on a phased and gradual easing of the lockdown measures imposed to contain the spread of COVID-19 in Lagos, Ogun and the Federal Capital Territory, Abuja, most businesses are reopening, and employees are returning to work. As businesses reopen, the government rules for reopening must be adhered to; employers must …

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May 2020 COVID-19NEWSLETTERSPUBLICATIONS

In Nigeria, the effects of the COVID-19 pandemic in relation to projects may arise as a result of: (i) regulatory pronouncements by federal and state governments restricting movements, shutting business operations (including construction activities as in the case of Lagos State) and imposing health and safety measures to contain the spread of the virus such …

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May 2020 COVID-19NEWSLETTERS

The directive of the President of the Federal Republic of Nigeria on 27 April 2020 provided guidance on the phased and gradual easing of lockdown measures in Abuja, Ogun and Lagos States from 04 May 2020. States were also encouraged to adapt and expand the measures as may be necessary to suit their specific circumstances …

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May 2020 COVID-19NEWSLETTERSPUBLICATIONS

The COVID-19 pandemic has resulted in the increased processing of health data globally. We have discussed below some data privacy issues organisation should be considering in light of the COVID-19 crisis in Nigeria. What type of information can be collected from individuals relating to COVID-19 that is likely to be considered personal data under Nigerian …

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Apr 2020 COVID-19NEWSLETTERS

We are proud to announce the release of the Aluko & Oyebode COVID-19: Managing Disruption Podcast Series. This Series is focused on how businesses can navigate the changing dynamics in economies, following the COVID-19 pandemic. In our first podcast, Oghogho Makinde, Partner in the Corporate and Commercial practice of Aluko & Oyebode, discusses ways to …

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Apr 2020 COVID-19NEWSLETTERSPUBLICATIONS

The novel coronavirus pandemic (“Pandemic” or “COVID-19”) has impacted businesses and communities around the globe. Countries have announced varying levels of restrictions on the movement of people and trade and borders have been closed to all but essential travel. In a bid to contain the spread of COVID-19 in Nigeria, the Federal Government recently issued …

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Apr 2020 COVID-19NEWSLETTERSPUBLICATIONS

The COVID-19 pandemic has both global health and economic implications. It has been predicted that the effect of COVID-19 pandemic on the global economy may be far worse than the 2008 Global Recession. The global shutdown of borders and restriction of movement by Governments around the world has impacted businesses, large and small. In these …

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Apr 2020 COVID-19NEWSLETTERS

The National Information Technology Development Agency (the ”NITDA”) is statutorily mandated under the National Information Technology Development Act (the “Act”) to regulate information and communication technology (“ICT”) matters in Nigeria. Whilst recognising the challenges faced by most organisation during COVID-19 pandemic, particularly in the context of the lockdown and the need to work remotely, the …

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Apr 2020 COVID-19NEWSLETTERSPUBLICATIONS

Nigeria has adopted strict measures at both national and state levels to curb the spread of the COVID-19 disease. These measures include the total or partial restriction of movement and social distancing rules which have had a severe impact on the ability of companies to comply with corporate governance rules and statutory requirements of regulatory …

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Apr 2020 COVID-19NEWSLETTERSPUBLICATIONS

In response to COVID-19, various policies and regulatory measures have been introduced by the Federal Government of Nigeria (FGN) and its agencies (such as the Department for Petroleum Resources (DPR)), and by various state governments. We highlight below some of the key developments which should be borne in mind by companies active in this sector. …

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Apr 2020 COVID-19NEWSLETTERSPUBLICATIONS

It is common in Nigeria, particularly in the banking and oil & gas sectors, to see labour contractors recruit workers and deploy them to third parties in furtherance of labour supply agreements. This practice, which appears to be recognised globally, creates a ternary labour relationship between the labour contractor, the end-user, and the employee who …

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Apr 2020 COVID-19NEWSLETTERSPUBLICATIONS

The world is in the middle of a global health crisis. This has resulted in significant adverse conditions for businesses around the globe. One of the most significant consequences for the oil and gas sector is the triggering of an oil price war following disagreements about production cuts amidst the significant decline in the demand …

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Apr 2020 COVID-19NEWSPUBLICATIONS

As some key states in Nigeria enter into the fourth week of lockdown due to the COVID-19 Pandemic, different sectors are considering the impact of the pandemic and various regulatory interventions on their operations. In the financial services sector, while some corporates could potentially be looking to banks for funding to bridge liquidity gaps, lenders …

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Apr 2020 COVID-19NEWSPUBLICATIONS

CBN Regulatory Interventions The CBN has made a number of interventions to mitigate the economic impact of the pandemic. These interventions include the creation of a N50 billion credit facility targeted at households and SMEs affected by the pandemic, a N100 billion credit facility specifically aimed at the healthcare sector to meet potential increased demand …

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Apr 2020 COVID-19NEWS

The National Information Technology Development Agency (The”NITDA”) is the agency with supervisory powers to promote, develop and regulate the information and communications technology (ICT) sector in Nigeria. Having identified the role of the ICT sector in earlier an communique (click here) as critical, the NITDA upon the direction of the Honourable Minister of Communications and …

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Apr 2020 COVID-19NEWSNEWSLETTERSPUBLICATIONS

Nigeria has adopted strict measures at both national and state levels to curb the spread of the COVID-19 disease. These measures include the total or partial restriction of movement, social distancing rules and the suspension of court sittings across the Federation, except for urgent, essential and time bound matters. These measures have had a severe …

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Apr 2020 COVID-19NEWS

The National Information Technology Development Agency (the ”NITDA”) is statutorily mandated under o the National Information Technology Development Act (the “Act”) to collaborate with any local or state Government, company, firm, or person in any activity, which in the opinion of the agency is intended to facilitate the attainment of the objective of the Act. …

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Apr 2020 COVID-19NEWS

The National Information Technology Development Agency (the ”NITDA”) in line with its mandate to develop, standardise and regulate Information technologies and data interchange has advocated for the use of Internet of Things (“IoT”) in the fight against COVID-19. The collection and collation of data on a real time basis has become critical in the fight …

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Apr 2020 COVID-19NEWS

Following the Federal Government’s directive on the 23rd of March, 2020, to restrict international flights into and out of Nigeria in a bid to contain the spread of the coronavirus, the Ministry of Interior on the 6th of April 2020, has issued a notice that it will extend at no cost, visitors’ visas and resident …

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Apr 2020 COVID-19NEWS

On 15 April 2020, The Nigerian Stock Exchange (the “NSE”) published the “Guidance on Companies’ Virtual Board, Committee, and Management Meetings” (the “Guidance”) in response to the legal and regulatory uncertainties occasioned by the COVID-19 pandemic and the current inability of companies’ board, board committees and management teams to hold physical meetings. The Guidance provides …

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Apr 2020 COVID-19NEWS

The National Insurance Commission (“NAICOM” or the “Commission”) has recently issued circulars to insurance operators to convey the Commission’s decisions towards mitigating the adverse impact of COVID-19 on the Insurance sector. By a Circular No NAICOM/DPR/CIR/29/2020 dated 27 March 2020, NAICOM, further to its recognition of the impact of the COVID-19 pandemic on the insurance …

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Apr 2020 COVID-19NEWS

WhatsApp, the Facebook owned instant messaging app (the “Company”) is imposing new restrictions on its forwarding feature in order to slow the dissemination of fake news through frequently forwarded messages. The intention behind this is to disrupt false COVID-19 information and to curtail the spread of misinformation. Under the new restriction, a user who receives …

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Apr 2020 COVID-19NEWS

In a bid to contain the spread of the Coronavirus and manage the impact of the pandemic on lives and the economy, Lagos State Government issued the Infectious Diseases (Emergency Prevention) Regulations 2020 (“Regulations”) on 27 March 2020. The Regulations were passed pursuant to the Lagos State Health Law 2015 and Section 8 of the …

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Apr 2020 COVID-19NEWS

The Department of Petroleum Resources (“DPR”) on 30 March 2020 issued a Circular directing all oil & gas operators, contractors and service providers to take steps to mitigate the spread of Coronavirus (“COVID-19”) at project/construction sites by: ensuring safety and welfare of all personnel; ensuring strict compliance with relevant Government directives on social distancing, curfew, …

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Apr 2020 COVID-19NEWS

On 25 January 2019, the National Information Technology Development Agency (“the NITDA”) issued the Nigerian Data Protection Regulation (“the Regulation”) to regulate organisations that collect and process personal data (“Data Controllers”). The Regulation mandates Data Controllers, who process the personal data of more than 2,000 subjects, to submit a summary of their organisation’s data protection …

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Mar 2020 COVID-19NEWS

This Advisory Update has been prepared to provide practical measures for managing the impact of COVID-19 or Corona Virus on the operations of companies/businesses operating in Nigeria. Commercial Contracts We understand that there may be concerns on how to deal with commercial contracts and any interruptions in performance of obligations as a result of the …

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Mar 2020 COVID-19NEWSLETTERS

In response to the Coronavirus (COVID-19) pandemic and the guidelines issued by WHO, we would like to keep you abreast of the measures Aluko & Oyebode is taking to ensure the safety of our staff, clients and work environment. Part of the major measures taken by the Federal Government of Nigeria and the Lagos State …

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