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.
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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...
ArticlesGovernanceNational Renewable Energy Development Agency (Establishment), Bill 2021 (HB. 1241)
The bill seeks to establish the National Renewable Energy Development Agency (the “Agency”), charged with the responsibility of promoting the use of renewable energy resources - including hybrid systems - to achieve greater energy self-reliance and thereby reduce the exposure to fossil fuel price fluctuations, reduce harmful emissions, and promote economic growth and protection of the environment in Nigeria.
According to United Nations Children’s Fund (UNICEF), one in four girls and ten percent of boys have been sexually violated in Nigeria and the majority of them have received no help or support1.
Recently, the Nigerian Stock Exchange (“NSE”) released the Guidance on Companies’ Virtual Board, Committee and Management Meetings (“the Guidance”) to aid listed companies in complying with the provisions
The Department of Petroleum Resources (DPR)on the 31st of May 2020 issued Guidelines for the Award and Operations of Marginal Fields in Nigeria, 2020 (“the Guidelines”). The aim of the Guidelines is
The CoronaVirus (COVID-19) pandemic has necessitated huge changes to business activity all over the world. Several countries have implemented statewide lockdowns to curb the spread of the virus.
In the modern context of capital raising, Crowdfunding is a relatively novel method for funding for-profit ventures/projects which allows individual founders/promoters to request funding from many individuals in
ArticlesLaw and OrderMulti Creditor Work-Out Arrangement – The Bank of England (BOE) London Approach
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.
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