Blog
NIMASA DIRECTS SHIP OWNERS TO RENEW EXPIRED CERTIFICATES OF NIGERIAN REGISTRY OR FACE VESSEL’S DE-REGISTRATION, DETENTION AND FINE
The Nigerian Maritime Administration and Safety Agency (‘NIMASA’ or ‘the Agency’) has published a notice directing all shipowners, shipping companies, agents, operators, managers, charters, fi...
Nigeria takes further steps towards trade facilitation with the integration of NAFDAC e-Permit with e-Form ‘M’ on the Nigerian Trade Portal
The facilitation of trade is important for the development of any economy in today’s world. According to the World Trade Organization (“WTO”), trade facilitation involves the simplification, mod...
The 40 MW Kashimbila Hydro-Power Plant Nears Completion
The Minister of Power, Mr. Sale Mamman (the “Minister”), has declared that the 40 megawatt Kashimbila Hydro-Power Plant in Taraba state (the “Kashimbila Plant”) will be ready for commissioning...
Supreme Court redefines the meaning of Locus Standi in Cases of Environmental Degradation
The scope of Locus Standi in cases pertaining to environmental degradation has been extended by the Supreme Court. In a recently reported decision of the court in the case of: Centre for Oil Pollution...
VAT on Online Transactions: What you Need to Know
The Executive Chairman of the Federal Inland Revenue Service (“FIRS”) was recently said to have stated at a technical workshop organised by the African Tax Administration Forum in Abuja that, comm...
The Court of Appeal Reaffirms Lawyers’ Obligation To Register with The FIRS for Payment of VAT
The Jos Judicial Division of the Court of Appeal has reaffirmed the obligation placed on Legal Practitioners by the Value Added Tax Act Cap VI 2004 (as amended) (“VAT Act”) to register with t...
NNPC Selects Companies for the 2019/2020 DSDP Contract
The Nigerian National Petroleum Corporation (“NNPC”) recently announced the list of companies that have been selected to supply petroleum products under the 2019/2020 Direct Sale and Direct Purcha...
THE BOARD OF DIRECTORS AND RISK MANAGEMENT
The online business dictionary defines risk management as the identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks[1]. Over time and i...
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Nigerian President Signs AMCON (Amendment) Act 2019 into Law
The Nigerian President, Muhammadu Buhari has signed into law the AMCON (Amendment) Act, 2019 (the “Act”). This amendment comes on the heels of a 2015 amendment to the original Act which was signed...
Regulating Comparative Advertising in Nigeria
Wikipedia defines advertising as a form of marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service or idea. In the words of Leo Burnett - ...