Blog
SEC VOWS TO INVESTIGATE SUSPICIOUS TRANSACTIONS
The Securities and Exchange Commission (SEC) has assured investors that it would investigate suspicious transactions not allowed in the capital market. The Acting Director-General, SEC, Ms. Mary Uduk,...
English Court Orders Federal Airports Authority of Nigeria (FAAN) to Pay US$24 Million to Adjourn the Enforcement of a US$120 Million Award
The High Court of Justice in England on August 13, 2019 adjourned AIC Limited’s application to enforce an Award in the sum of US$48,124,000 (Forty-Eight Million, One Hundred and Twenty-Four United S...
“BAD-VERTISING WARS”
Established in 1988 by the Advertising Practitioners Registration Act, the Advertising Practitioners Council of Nigeria (APCON) is dedicated to promoting responsible and ethical advertising practices....
VOTING BY POLL: WHO CAN DEMAND A POLL?
Voting at a company’s general meeting is conducted in two ways- voting by show of hands or by a poll. Voting by show of hands is the voting pattern in which the result is determined by numerica...
NOTAP Automates the Registration of Technology Transfer Agreements
In line with the Federal Government’s drive to simplify the process for obtaining requisite regulatory permits and approvals, and generally remove bottlenecks to the ease of doing business in Nigeri...
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...