The Estero

The President of the Federal Republic of Nigeria recently passed into law the Nigerian Police Trust Fund Establishment Act 2019. (NPTFEA or the Act). The NPTFEA creates a Special Intervention Fund for the Nigerian...

One of the principal objectives of the Nigerian Electricity Regulatory Commission (NERC), as stipulated in the Electric Power Sector Reform Act 2005 (EPSRA), is to ensure that the prices charged by licensees...

The Federal Inland Revenue Service ("FIRS"), in a Public Notice, issued a guidance to the public and taxpayers in general on Withholding Tax ("WHT") and Value Added Tax("VAT") deductible on Compensation/Commission...

The recent decision of the Court of Appeal in Transocean Support Services Nigeria Limited & 3 Ors. v Nigerian Maritime Administration and Safety Agency & Anor1 (Transocean Decision) that an oil drilling...

Two common expressions that have gained currency in trade parlance, "les absents ont toujours tort" (absent people are always wrong), and "if you are not at the table, you are on the menu" may best...

In the wake of the enactment of the Federal Competition and Consumer Protection Act (FCCPA), Olaniwun Ajayi LP on Thursday, the 11th of July 2019 hosted a Competition Law Knowledge Exchange at the Adunola Building,...

BACKGROUND The National Assembly of the Federal Republic of Nigeria in 2017 passed the National Lottery Amendment Bill (the Bill) for the amendment of the National Lottery Act 2005...

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...

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...