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Nigeria Arbitration

Arbitration in Nigeria: The 2023 Reform

20/08/2023 by Aceris Law LLC

New Nigerian Arbitration Act

On 23 May 2023, Nigeria introduced the 2023 Arbitration and Mediation Act (the “New Act”), repealing its 35-year-old arbitration act (the 1988 Nigerian Arbitration and Conciliation Act, Cap A18). The New Act aims to “provide a unified legal framework for the fair and efficient settlement of commercial disputes by arbitration and mediation”. It also “make[s] […]

Filed Under: Nigeria Arbitration

Arbitration in Nigeria

21/11/2020 by Aceris Law LLC

Arbitration in Nigeria

Arbitration in Nigeria is governed by the Arbitration and Conciliation Act (Chapter 18, Laws of the Federation of Nigeria 2004) (the “ACA”), which incorporates the 1985 UNCITRAL Model Law on International Commercial Arbitration (“UNCITRAL Model Law”). Nigeria, in addition to being the African country with the largest economy in terms of nominal GDP, was the […]

Filed Under: Nigeria Arbitration

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