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Value Added Tax Exemption on Commissions from Stock Exchange Transactions Soon to Cease

The Value Added Tax (“VAT”) exemption currently enjoyed on commissions (a) earned on the traded value of shares; (b) payable to the Securities and Exchange Commission; (c) payable to the Nigerian Stock...

Nigerian Port Authority Approves 10% Discount on Harbour Dues at Eastern Ports for Certain...

The Nigerian Port Authority (NPA), in a statement made on 10 June 2019, has approved a 10 per cent discount on harbour dues for specific vessels calling at the ports in Cross...

Protecting Intellectual Property Rights in a Software: A Jurisdictional Analysis

We conclude our software licensing series with Part D which is focused on ownership and registrability of intellectual property in software. Using the UK, USA and Nigeria as...

Penalties and Interest to Accrue from the Date of Failure to Remit Taxes

The Tax Appeal Tribunal (TAT) on 14 May 2019, delivered a judgement in the case of Shell Nigeria Exploration and Production Company Limited v. Lagos State Internal Revenue Service (LIRS) with suit...

Free/Open Source Software Licensing Explained

FOSS is the complete opposite of a Proprietary license. Primarily, the fundamental purpose of a free and open source license is to deny anyone the right to exclusively exploit a work so...

The Federal High Court Awards Damages for Wrongful Arrest of Vessel

In the recent case of Suit No. FHC/L/CS/1800/2017: Domsun Investment & Marine Services Ltd. v. MT GODSHAND & Anor, the Federal High Court, Coram Honourable Justice Faji, of the Lagos Judicial...

Restricting the Use of Your Software

Part B Software developers, like other creators, ideally, should be able to; exercise full ownership/legal rights over the software they have created, restrict the use of such...
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Consultation Paper on the Development of a Regulatory Framework for Electricity Distribution Franchising in...

The Nigerian Electricity Regulatory Commission (NERC or the Commission) on 17 April 2019 published the “Consultation Paper on the Development of a Regulatory Framework for Electricity Distribution Franchising” (the Consultation Paper)...

2019 Africa Arbitration Academy

We are happy to announce that our Bisi Makanjuola has been selected for the 2019 Africa Arbitration Academy scheduled to hold in London, in June. The 2019 cohort is the representation of...