Blog
Rebounding from the COVID-19 Pandemic: CBN Issues Guidelines for the Operations of the Agri-Business, Small and Medium Enterprises Investment Scheme for Non-Interest Financial Institutions
In June 2020, the Central Bank of Nigeria (“CBN”) disclosed its plans to release a framework for the integration of non-interest window in all its intervention programmes with the twin objectives ...
BETWEEN THE LINES: BIG BROTHER NAIJA
Arguably the most anticipated reality television show in Nigeria, Big Brother Naija (BBN) Season 5 is set to premier this Sunday, 19th July 2020. This season of BBN marks a major milestone in the real...
The CBN Global Standing Instruction (GSI) (for Individuals) Is Set for Implementation: What Bank Borrowers Must Know
At its meeting which took place on 18 February 2020, the Banker’s Committee approved the implementation of the Global Standing Instruction (GSI) for individuals. The GSI is designed to work with the...
COVID-19: DPR ISSUES UPDATE ON THE MANAGEMENT OF COVID-19 OUTBREAK ON OFFSHORE/REMOTE LOCATIONS
As Charles Darwin advised, “it is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change”. In these unprecedented and uncertain times, thes...
FG Set To Review Nigeria’s Domestic Gas Pricing Framework
The Minister of State for Petroleum Resources, Timipre Sylva (the “Minister”), has outlined plans to review the prices of gas consumed across the country. The Minister explained that the move woul...
PUBLIC NOTICE FROM THE CORPORATE AFFAIRS COMMISSION: CERITIFICATES OF INCORPORATION NOW TO BE ISSUED WITH A TAX INDENTIFICATION NUMBER (TIN)
The Corporate Affairs Commission (CAC) by a notice published on its website in June 2020, stated that all Certificates of Incorporation of to be issued to companies will now include ...
Concerns Raised Over Proposed Local Content Amendment
Some experts in the oil and gas industry (the “Industry”) have raised concerns over the proposal under the Nigeria Oil and Gas Industry Content Development (Amendment) Bill 2020 (the “Bill...
THE ROLE OF BOARD COMMITTEES UNDER THE NIGERIAN CODE OF CORPORATE GOVERNANCE 2018 (“NCCG”)
One of the recommended ways for achieving board effectiveness is through the setting up of board committees. Board committees generally lighten the workload of the board by focusing on specific issues...
THE NIGERIAN STOCK EXCHANGE ISSUES GUIDANCE ON COMPANIES’ VIRTUAL BOARD, COMMITTEE AND MANAGEMENT MEETINGS
In light of the stay at home directives issued by the Federal Government and many state governments as well as the ban on public meetings in a bid to curtail the spread of the novel coronavirus (“CO...
VAT EXEMPTION ORDER: FGN TAKES STEP TO DEEPEN THE USE OF RENEWABLE ENERGY IN NIGERIA
In an earlier publication (read here), we posited that, to further push the Nigerian economic recovery efforts, there is a need to step-up the contribution of off-grid renewable energy solutions to th...