The Nigerian Export Promotion Council has been instrumental in promoting Nigeria’s agenda for economic diversification through the enhancement of non-oil exports. By implementing strategic initiatives, offering capacity-building programs, and fostering international partnerships,
The African Growth and Opportunity Act and the Economic Community of West African States Trade Liberalization Scheme represent significant opportunities for Nigeria to enhance its trade capacity, diversify exports, and drive economic growth. AGOA has enabled Nigeria to penetrate the U.S. market with duty-free access for key agricultural and industrial products, fostering both export earnings and regional integration.
The World Trade Organization (WTO) plays a critical role in resolving international trade disputes through its dispute settlement mechanism,
In accordance with the powers conferred upon the Nigerian Communications Commission, under Section 70 of the Nigerian Communications Act 2003
Every sovereign state exists with varying applicable substantive and procedural laws which govern its contractual transactions within and outside the state. So, the concept of choice of law in international law which involves conflicting laws administered under different judicial systems has led to sovereign states adopting peculiar procedural laws when faced with it.
The practice of transporting goods and people by water, alongside the utilization of marine resources, commerce, and navigation, is all governed by the maritime rules and laws in Nigeria. These laws include; The Constitution of the Federal Republic of Nigeria, 1999 (as amended), The Merchant Shipping Act of 2007, The Coastal and Inland Shipping (Cabotage) Act of 2003, The Nigerian Maritime Administration and Safety Agency Act of 2007 (the NIMASA Act) and The Admiralty Jurisdiction Act of 1991.
The Nigerian Cabotage policy encourages indigenous shipping, and proper implementation of the cabotage policy in Nigeria would provide more jobs, cause a growth in skill acquisition, increase in revenue generation, and eventually development of the shipping capacity of the country.
Although there is an absence of a statutory definition for E-signature in the Nigerian legal orbit, its validity is not in doubt. In Nigeria, E-signatures are just as valid as wet-ink signatures in respect of all transactions, unless otherwise expressly excluded by law.
Nigeria is one of the largest and oldest producers of oil and gas in Africa. In 2019, this sector accounted for about 5.8 per cent of Nigeria’s real Gross Domestic Product (GDP), and was responsible for 95 per cent of Nigeria’s foreign exchange earnings and 80 per cent of its budget revenues.
