The Federal High Court Port Harcourt Division recently held that the Rivers State Government and not the Federal Government is empowered to collect Value Added Tax (“VAT”) among other taxes in the State.
On 24 May 2021, the Central Bank of Nigeria (‘CBN’) issued a circular on the new license requirements for the Payment Systems in Nigeria(the ‘Circular’). This is a follow-up to its circular dated 9 December 2020 issued...
During financial distress, the number of insolvency cases increases. Proceeds from the forced Sale Value of assets may not be sufficient to offset outstanding amounts due or satisfy all the creditors, in the event
What will be considered as a small firm will vary depending on the factors and industry being considered? The typical metrics used to determine the smallness of a firm are employee size and/or revenue.
The equality of interests under a contract is subjective; depending on factors such as the status and capacity of the parties, the context of the contract, the obligations of and benefits to each party under the contract