Nigeria’s New Arbitration Act: What You Need to Know
Nigeria’s 35-year-old Arbitration and Conciliation Act 1988 (the “Old Act”) was finally repealed and replaced by the Arbitration and Mediation Act 2023 (the “New Act”) following presidential assent on 26 May 2023. The New Act, which is based on the revised UNCITRAL Model Law adopted in 2006 and the result of years of reform effort,…