A Review of the Asset Management Corporation Act, 2010

A Review of the Act The Asset Management Corporation of Nigeria Act, 2010 (AMCON Act) was recently signed into law by the President of the Federal Republic of Nigeria, Dr Goodluck Ebele Jonathan on 19 July 2010....

Securities and Exchange Commission Issues New Rules

On April 28, 2010, the Securities and Exchange Commission (SEC) took another step towards the bridging of some of the gaping gaps that currently exist in securities regulation in Nigeria, through the issuance of new SEC...

Executive Order 008: Voluntary Assets Regularization Scheme (VOARS)

The Federal Government of Nigeria (“FGN”),on Monday 8th October 2018, signed a new Executive Order (008) (the Order) tagged Voluntary Offshore Assets Regularization Scheme (VOARS or the Scheme). The Order, which is for a period of twelve (12)...

Nigerian Oil and Gas Review 2018

This Review is the second in our series and this year we would be looking at major, industry wide events across the Nigerian Oil and Gas Industry (the Industry) in 2018. 2018...

Nigerian Banking Sector Report – 2018 Review | 2019 Outlook

The year 2018 turned out to be a relatively positive year for the Nigerian Banking Sector. With recovery in macroeconomic conditions, decline in inflation, stable exchange rate, the average overall performance of Deposit Money Banks...

Private Sector to Partner with Federal Government on Road Infrastructure Development

The President of the Federal Republic of Nigeria recently signed the Executive Order 007 tagged the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme Order 2019. The statutory basis of...

FIRS Suspends the Application of Lien on Customers’ Bank Account

In the past two (2) years, the Federal Inland Revenue Service (FIRS) has been directing Nigerian banks to freeze the bank account of tax payers/customers whom the FIRS believe are in...

Locus Standi in Copyright Infringement Matters – The Supreme Court in the Adeokin &...

Copyright in musical works does not generate money for artistes. It is the royalties generated from granting licenses to users that reward creativity. It is however a herculean task for artistes...

Discrimination Against Persons with Disabilities Prohibition Act, 2018 – Overview and Impact

Prior to the assent of the President to the Discrimination against Persons with Disability (Prohibition) Bill, there was no statute which comprehensively provided for the protection of the rights of persons living...

Examining the Italian Legal Framework on Distributed Ledger Technology and Smart Contracts

On the 11th of February, 2019, the Italian Parliament took a bold step and introduced the first statute which ensures the validity and legal certainty of information and data provided via...