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IMTS Guidelines

Guideline to the provision of International Money Transfer Services in Nigeria – Part A

The far-reaching effects of the ongoing COVID-19 pandemic on the global economy have been extensively discussed within the contexts of the technology, business, finance, and energy sectors, as no industry has been...
Quarantine Act

The Quarantine Act V. NCDC Act Debate: Legislative Congruity, Legislative Superfluity, or Implied Repeal?

The advent of COVID-19 in Nigeria brought about the urgent need for governments to put in place measures to curtail the spread of the deadly disease. This led to the adoption by...
NAICOM

NAICOM Issues Circular on Segmentation of Minimum Paid up Share Capital Requirement

Following circulars released in May and December of 2019, introducing new capital requirements for insurance companies in Nigerian and extending the deadline for recapitalization, the National Insurance Commission (NAICOM) on 3 June...
WASRA

WASRA Guidelines on the Issuance of Fixed Income Securities

The Nigerian Securities and Exchange Commission (SEC or the Commission) recently published Guidelines for the Issuance of Fixed Income Securities by Statutory Bodies in West Africa Securities Regulators Association (WASRA) member countries...
NLNG

Olaniwun Ajayi LP advises Nigeria LNG Limited on its groundbreaking $US 3billion Train...

Nigeria LNG Limited, the flagship LNG production company in Africa, recently closed a US$3 billion hybrid financing for the development of its seventh liquefaction train which, upon completion, is expected to boost...
SEP

Nigeria issues the Companies Income Tax (Significant Economic Presence) Order, 2020

The Finance Act 2019 heralded the introduction of a new framework for the taxation of e-commerce in Nigeria and this was to be based on the Significant Economic Presence (SEP) principle. The...

The Value Added Tax (VAT) Modification Order 2020

The Honourable Minister of Finance, Budget and National Planning, in the exercise of powers granted in section 38 of the Value Added Tax Act Cap V1 LFN 2004 (VATA or the Act) on February...
Covid19 and Competition Law

COVID-19 and Competition Law – Nigerian Intervention, and Lessons from Around the World

Since Coronavirus was officially declared a pandemic on 11th March 2020 by the World Health Organization, it has ignited difficult times for individuals, businesses and the global economy in general. There is virtually no...
FIRS Circular

FIRS Circular on the Tax Implications of Operation of Real Estate Investment Companies in...

Following the passage of the Finance Act 2019, the Federal Inland Revenue Service (FIRS or the Service) has released several circular providing clarification on certain provisions of extant tax laws that were...
Music Industry

COVID-19 & The Nigerian Music Industry

COVID-19 is no doubt changing global lifestyle including music consumption. Tours, live performances, shows and album releases have had to be postponed or cancelled and this has had a huge impact on...