August 23, 2023
Nigeria’s New Arbitration Act: A Gateway to Business Opportunities
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Former President Muhammadu Buhari signed Nigeria’s Arbitration and Mediation Act 2023 (the “Act ”) into law on 26 May 2023, replacing the Arbitration and Conciliation Act of 1988. The Act represents a significant overhaul of Nigeria’s legislative framework for arbitration. This article discusses important implications for businesses.