News & Updates

On January 21, 2022, the CBN released a circular Ref. No. TED/FEM/FPC/PUB/01/001 titled Guidelines on the Introduction of E-Evaluator, E-Invoicing for Import and Export in Nigeria (the “Guidelines”).

The Federal Ministry of Interior (FMI) has been undergoing some internal restructuring.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked marginal field awards to 33 companies that failed to pay signature bonus within the 45-day window stipulated by the Marginal Field Bid Round (MFBR) guidelines.

The Bangui Agreement, which governs the protection of intellectual property rights of African Intellectual Property Organization (OAPI) member states, has been revised, introducing some changes to the process of registering trademarks at the OAPI. The revisions have now entered into force and were effective from January 2022. These changes are discussed in detail below.

On the 24th of January 2022, the Federal Ministry of Interior (FMI) released new guidelines to govern the administration of Expatriate Quota (EQ) in Nigeria (Guidelines). These Guidelines contain some notable provisions which have now been summarized as follows:

There are various reasons why foreign brand owners may be interested in the Nigerian market. First is the significant population of Nigeria, which stands at over 200 million people. Second is the fact that Nigeria is a large nation of consumers, and third is the fact that fast-moving consumer goods are highly successful there. At present, there are over 100 franchises in Nigeria ranging from food to construction, health and other industries.

This article seeks to give an analysis of what BIMI entails, how it can be combined with validated trademark certification for email authentication and its benefits to businesses and government.