AELEX Quarterly

THE FIRM

ǼLEX is a full service commercial and litigation law firm. It is one of the largest law firms in West Africa with offices in Lagos, Port Harcourt and Abuja in Nigeria and Accra, Ghana.

We merge local legal expertise and presence, political and industry wide connections with an appreciation of global standards and demands.

FIRM NEWS

  • A QUICK OVERVIEW OF THE NEW NATIONAL GAS POLICY

    The Nigerian Federal Executive Council, on 28 June 2017 approved a new National Gas Policy (NGP) to replace the 2008 Nigeria Gas Masterplan.

    In view of the volatility of crude oil price, it is apt that the NGP sets out quite clearly that the government is making a “gas play” and not an “oil play”. The NGP recognises that Nigeria has more gas reserves than oil. With proven gas reserves of 188 trillion cubic feet (tcf), Nigeria has the 9th largest gas reserve in the world. The NGP aims to move Nigeria from a crude oil export-based economy to a gas-based industrial economy.

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  • LOCAL NEWS

    • Equities Market Hits New High as Bulls Dominate.

      The Nigerian equities market sustained its bullish performance last week as investors’ sentiments remained positive, hoping for impressive half year (H1) corporate earnings.

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    • The Future Of Nigerian Banks

      The introduction by the Central Bank of Nigeria (CBN) of universal banking in 2000 was a watershed in banking in Nigeria. This altered the banking landscape such that banks were no longer separately classified as commercial and merchant banks. More significant was the fact that the policy on universal banking enabled banks to offer a broader spectrum of financial services including financial advisory, stock broking, insurance, mortgages, retail banking, merchant banking and bureau de change services.

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