NEWSLETTER ON THE OPERATIONAL GUIDELINES FOR INSURANCE WEB AGGREGATORS ISSUED BY NAICOM
In exercise of the powers conferred by the National Insurance Commission Act, 1997 (the NAICOM Act) the apex regulator of the insurance industry, the National Insurance Commission (NAICOM or the Commission) recently...
Deal Partnership – Evercare
We are pleased to have advised the Evercare Group on its investment in and development of the 165 bed Evercare Hospital, Lekki. Evercare Hospital, which recently launched clinical operations, is arguably the...
NERC’s Multi Year Tariff Order (MYTO) 2020
On 28 August 2020, the Nigerian Electricity Regulatory Commission (NERC) issued the “Multi Year Tariff Order (MYTO) 2020” (MYTO 2020 or the Order), which marks the commencement of a novel “service reflective”...
Local Content in Nigeria’s Oil and Gas Sector: A Watershed 2010s
Efforts by the Nigerian government to address the domination of the sector by foreign oil and gas companies commenced with the establishment of the Nigerian National Oil Corporation in 1971, to stimulate...
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...
Taxation in Nigeria – 2018 Review | 2019 Outlook
In 2018, Nigeria experienced a massive revenue drive in the tax space while moving up 14 points on the World Bank "Ease of paying taxes" rankings. This report sets out the...
LIRS Appoints Payers of Capital Sums as Collecting Agents for Capital Gains Tax
The Lagos State Government, through the LIRS, has issued a Public Notice (The “Public Notice”) on the appointment of payers of capital sums inclusive of employers as collecting agents for the purpose...