Nigeria

Currency: Naira (NGN)

Timezone: West Africa Time (UTC+1)

Nigeria is situated in West Africa where it shares its land border in the west with the Republic of Benin, in the east with Chad and Cameroon, and in the north with Niger—popularly referred to as the “Giant of Africa” due to its resources and population. The country is the most populous in Africa, with a population estimated to be over 207 million. The country has a very diverse ethnic group with over 100 languages. However, the major languages spoken in the country are Yoruba, Hausa, and Igbo, with English regarded as the official language in the country. The climate of the country varies widely with equatorial south, tropical in the middle, and arid in the north, while the landscape consists of southern lowlands, plateaus, and hills in the north and mountains in the southeast.

The country adopts a federal presidential republic system of government comprising 36 states and Abuja the Federal Capital. The economy is heavily reliant on Petroleum and Petroleum Products as its main source of foreign exchange earnings and accounts for over 70 percent of government revenue. The challenges facing the country include erratic power supply, lack of infrastructure, terrorist insurgence, kidnapping, banditry, clashes between farmers and herders, pervasive corruption, internet fraud, and police brutality.

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Code of Conduct for Trustees (Securities and Exchange Commission)

Ministry of Finance, Budget and National Planning, Nigeria

This document highlights the code of conducts for trustees and fund managrs to ensure adherence to the Investment and Securities Act, and the Securities and Exchange Commission rules and regulations.

Nigeria • 2015 • Finance

Mandatory use of the National Identification Number Regulations, 2015

Ministry of Communications and Digital Economy, Nigeria

These regulations provide the regulatory and supervisory requirements for the mandatory use of National Identification Number for certain transactions in Nigeria and for other related matters.

Nigeria • 2015 • Democracy and Governance

Regulations for Demutualization of Securities Exchanges in Nigeria

Ministry of Finance, Budget and National Planning, Nigeria

The regulation of demutualization specifies the pre-condition for demutualization; post demutualization requirements; procedure for application; and the ownership of demutualized securities.

Nigeria • 2015 • Finance

Rules on Trading on Unlisted Securities

Ministry of Finance, Budget and National Planning, Nigeria

This document list the rules for trading unlisted securities for unlisted public companies.

Nigeria • 2015 • Finance

Rules on Securitization

Ministry of Finance, Budget and National Planning, Nigeria

These rules cover: sales requirements, servicing aggreement, liquidity facilitating aggreement, reporting rating, special purpose investments and other related matters.

Nigeria • 2015 • Finance

Rules on Infastructure Funds

Ministry of Finance, Budget and National Planning, Nigeria

These rules covers: eligibility criteria for infasructural funds; condition for establishing infastructural funds; issuance of units; permissible investments; valuation and declaration of assets; fees and expenses; disclosures; and the duties of fund managers as well...

Nigeria • 2015 • Finance

Royalty Rates for Minerals Produced in Nigeria

Ministry of Finance, Budget and National Planning, Nigeria

This documents list the various rates for mineral produced in Nigeria by the Ministry of Mines and Steel Development.

Nigeria • 2015 • Finance

Policy and Procedures Manual: Directorate of Airworthiness Standards

Ministry of Transportation, Nigeria

This document outlines the key guidelines on airworthiness in Nigeria namely: registration of aircraft, approval of airfcraft modification and repair, approval of aircraft maintenance organisation, licensing of personnel, and safety analysis as well as other...

Nigeria • 2015 • Transportation

Appropriation Act, 2015

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act authorising the government expenditure across ministries, department and agencies for the year 2015.

Nigeria • 2015 • Finance

Electoral (Amendment) Act, 2015

Electoral Commission, Nigeria

This Act amends the Electoral Act of 2010. The Act makes provision for issues regarding duplicate voters cards, voting procedures, tenure of office of secretary and other related matters.

Nigeria • 2015 • Democracy and Governance

Immigration Act, 2015

Nigeria, Nigeria Immigration Service

This is an Act for the establishment of the Nigeria Immigration Servcie outlinig the general duties, command structure, procedure for issuance of different types of passports in Nigeria, visa and travel documents in Nigeria, control...

Nigeria • 2015 • Democracy and Governance

Trafficking in Persons (Prohibition) Enforcement and Administration Act, 2015

Ministry of Humanitarian Affairs, Disaster Management and Social Development, Nigeria

An Act for an Act to repeal the Trafficking in Persons (Prohibition) Enforcement and Administration Act, 2003 as amended and to enact the Trafficking in Persons (Prohibition) Enforcement and Administration Act to provide measures against...

Nigeria • 2015 • Gender and Human Rights

The Child Rights Act (Enforcement Procedure Rules 2015)

Ministry of Humanitarian Affairs, Disaster Management and Social Development, Nigeria

These rules apply to child rights proceedings within the Family Court in the Federal Capital Territory.

Nigeria • 2015 • Gender and Human Rights

National Teacher Education Policy

Ministry of Education, Nigeria

The policy defines the roles of teachers in the provision of quality education and a plan to realize Education for All (EFA) and Millennium Development Goals (MDGs).

Nigeria • 2014 • Education

National Guideline for The Control and Management of Sickle Cell Disease

Ministry of Health, Nigeria

This policy documennt highlights the process to ensure that the health sector provides uniformity and standardized procedure in the control and management of Sickle Cell Disease in all health facilities across Nigeria. Furthermore, this guideline...

Nigeria • 2014 • Health

June 9, 2022

Political Parties, Presidential Candidates and the Electoral Act 2022 

The Electoral Act 2022 seeks to update and standardize Nigeria’s elections. The introduction of technological changes such as an electronic database of registered voters and an electronic transmission system of votes is a welcome improvement. Restricting political appointees' involvement in the election process is also a step in the right direction. However, there is a fundamental issue with the new act — its endorsement of the indirect primary process.

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