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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External Trade Letters of Credit (Control) (Exemption) Notice

Ministry of Industry, Trade and Investment, Nigeria

This notice is to exempt Philip Hill (Nigeria) Limited from the requirements under the External Trade Letters of Credit (Control) Act of confirmation by a licensed bank of letters of credit issued by it.

Nigeria • 1961 • Trade, Industry and Investment

Lagos Stock Exchange Act

Ministry of Industry, Trade and Investment, Nigeria

This is an Act to prohibit the carrying on the business of stockbroking on stock, shares and other securities granted a quotation by the Lagos stock exchange except by members of the exchange and to...

Nigeria • 1961 • Trade, Industry and Investment

National Provident Fund Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to establish a National Provident Fund and to provide for contributions and payment of sundry benefits and other related matters.

Nigeria • 1961 • Finance

Income Tax Management Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to regulate the taxation of incomes of persons other than companies and for connected purposes.

Nigeria • 1961 • Finance

Foreign Judgement (Reciprocal Enforcement) Act, 1961

Ministry of Justice, Nigeria

This Act specifies the provisions for the enforcement in Nigeria of judgments given in foreign countries that place reciprocal treatment to judgments given in Nigeria.

Nigeria • 1961 • Justice

Nigerian Red Cross Society Act, 1961

Ministry of Health, Nigeria

This is an Act for the set-up of the Nigerian Red Cross Society highlighting its power and purpose in Nigeria and for other related matters.

Nigeria • 1961 • Health

Nigerian Red Cross Society Act

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

This is an Act to incorporate the Nigerian Red Cross Society.

Nigeria • 1961 • Humanitarian Affairs

Forest Law

Ministry of Agriculture ,Ministry of Rural Development, Nigeria

This is a law for the preservation and control of forests. The law provides for forest reserves and declaration of protected forests, the effect of certain things done under forestry ordinance. It also outlines the...

Nigeria • 1961 • Agriculture and Rural Development

Nigerian Ports Authority (Pilotage) Regulations

Ministry of Transportation, Nigeria

Regulation 18 concerns the unauthorized use of the pilot’s flag. It emphasizes that any person who shall hold himself out as a pilot authorized to pilot any ship and is not so authorized or shall...

Nigeria • 1961 • Transportation

Marine Insurance Act.

Ministry of Transportation, Nigeria

This is an Act to provide for marine insurance and to prohibit gambling on loss by maritime perils. Regulation 3 defines marine insurance. A contract of marine insurance is a contract whereby the insurer undertakes...

Nigeria • 1961 • Transportation

Export Produce (Federal Powers) Act

Ministry of Industry, Trade and Investment, Nigeria

This is an Act to confer sundry powers to certain products intended for export. The minister for the time being charged with responsibility for external trade may, from time to time, make regulations prescribing grades...

Nigeria • 1961 • Trade, Industry and Investment

Government Promissory Notes Act, 1960

Ministry of Trade, Industry and Investment, Nigeria

This is an Act outlining the provisions authorizing the creation and issue of government promissory notes to raise loans in Nigeria and for other connected matters.

Nigeria • 1960 • Trade, Industry and Investment

World Meteorological Organisation (Protection) Act

Nigeria, United Nations Economic and Social Council

This is an Act to make provision for the prevention of abuse of the official seal, emblem and name of the World Meteorological Organisation.

Nigeria • 1960 • Foreign Affairs

Government Promissory Notes Act

Ministry of Finance, Nigeria

This is an Act to make provision for the creation and issue of government promissory notes to raise loans.

Nigeria • 1960 • Finance

International Financial Organizations Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to enable Nigeria to become a member of the International Monetary Fund, the International Bank for Reconstruction and Development, the International Finance Corporation and the International Development Association.

Nigeria • 1960 • Finance

Nigeria Army Act

Ministry of Defence, Nigeria

This is an Act to consolidate and amend the law as to the establishment, government and discipline of the Nigerian Army and its reserves and to provide for appeals from courts-martial and other related purposes.

Nigeria • 1960 • Defence and Security

Geneva Convention Act

Federal Government, Nigeria

This is an Act by the Federal Republic of Nigeria to allow certain international conventions done at Geneva on 12 August 1949.

Nigeria • 1960 • Democracy and Governance

Flags and Coats of Arms of Act, 1960

Ministry of Justice, Nigeria

This Act outlines the regulations on the display and use of the Nigerian National Flag and the National Coat of Arms.

Nigeria • 1960 • Democracy and Governance

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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