217 results found

On May 22, 2024, in a bid to reform and sanitize Bureau De Change operations in Nigeria, the Central Bank of Nigeria ("CBN") released the new "Regulatory and Supervisory Guidelines...

The initial deadline, for which the redesigned N200, N500 and N1000 banknotes were to cease being legal tender, was extended from January 31, 2023, to February 10, 2023.

The recent plunge in the price of crude oil globally (arising from disagreements among major international crude oil supply countries), coupled with the outbreak of the coronavirus disease...

Charges imposed on export-customers in relation to the e-Form ‘NXP' are separated from other charges levied by the Authorized Dealer.

The role of corporate governance in a dynamic business landscape cannot be overemphasized. The board of directors plays a pivotal role in steering companies toward success...

On July 1, 2021, the Federal Inland Revenue Service ("FIRS") issued a public notice, granting one (1) month extension from the 30th of June, 2021, for companies to comply with their...

The Federal High Court, in the case of Seadrill Mobile Units Nigeria Limited v The Honourable Minister for Transportation & 2 Others, has held that Rigs fall within the scope of the definition of vessels under the Cabotage Act ...

As part of efforts to boost job creation, particularly among Nigerian youths, the Central Bank of Nigeria ("CBN"), in collaboration ...

Generally, legal practice (what lawyers do) hasn't changed much but what has undergone, and is continually undergoing significant changes, is legal delivery (who bundles the work and from what model).

In what appears to have taken international shipping companies by surprise, the Federal Inland Revenue Service ("FIRS") recently issued tax assessment notices to international petroleum tankers...

The Federal Competition and Consumer Protection Act, 2018 ("FCCPA") is the primary legislation which governs and protects the rights of consumers in Nigeria.

Without doubt, the key objective of the Executive Order No. 6 of 2018 ("EO6" or the "Order"), reflects a major thrust of the administration of President Muhammadu Buhari.

The Nigerian Copyright Commission has issued a stern warning to DJs about unauthorized music use, but a critical question emerges: what happens when music plays in supermarkets, gyms, airports, and hotels where no DJ is present? This analysis examines why Nigeria's copyright enforcement framework must extend beyond nightclub performances to capture the vast commercial music usage occurring daily across retail, hospitality, and public venues that currently operate in a regulatory blind spot.

In February 2015, the National Pension Commission took the first step towards revamping the existing framework for the investment of pension fund assets in Nigeria, by issuing an exposure draft of proposed amendments ...

Similarity between two works often implies that one is a copy of the other. However, in the creative world, where different perspectives of an idea can be produced by different authors and each work will be original, ...

The Nigeria Police Trust Fund (Establishment) Act 2018 (as amended) (the "Act") was signed into law by the President of the Federal Republic of Nigeria on June 24, 2019.

On February 14, 2023, the Business Facilitation Act ("BFA") was passed into law in Nigeria. The stated objective of the Act is to promote the ease of doing business in Nigeria...

The propriety of an administrative notice issued by the Federal Inland Revenue Service ("FIRS"), directing a bank to freeze an account of a customer allegedly in default of a tax obligation...