Blog
FGN to Refuse Export Permits to Non-Compliant Oil Producing Companies
The Federal Government of Nigeria through the Department of Petroleum Resources (“DPR”) recently disclosed its intention to commence the enforcement of the requirement for oil producing companies ...
CHOOSING THE APPROPRIATE FORM TO FILE ANNUAL RETURNS FOR PRIVATE COMPANIES
Every company is statutorily to at least in every year, make and deliver to the Corporate Affairs Commission (“CAC”) an annual return (the “Return”) in the prescribed form and containing the m...
DIFFERENT PARTIES, SAME OLD STORY: THE TAYLOR SWIFT V. SCOOTER BRAUN EPSIODE/ BATTLE
Photo credit: https://www.vulture.comThe recent Taylor Swift and Scooter Braun battle on the internet has brought to fore, a renewed discussion about the complexities of music rights and the ownership...
CBN Issues Regulatory Measures to Improve Lending to the Real Sector of the Nigerian Economy
As part of its commitment to promote growth in the real sector of the Nigerian economy, the Central Bank of Nigeria (“CBN”) recently issued a letter to all banks introducing regulatory measures to...
Nigeria’s Growth and Investment Potential in the Nigerian Mining Sector
With the growing uncertainties surrounding the price of crude oil, it is critical for the Federal Government of Nigeria (the “FGN”) to intensify its efforts towards the diversification of the Nige...
TAX ALERT – TAXATION OF FOREIGN COMPANIES
According to section 13(2) of the Companies and Allied Matters Act, a foreign company will be subject to tax in Nigeria: If that company has a fixed base in Nigeria to the extent that the p...
Inspiration v. Copyright Infringement (A Fashion and Style Scenario)
Picture credit: Laila Cadne on Instagram @lailacadneThe winners of the ‘Best Dressed’ prize at the ‘Bling-Lagos’ movie premiere, have been the subject of an online debate in recent weeks....
Frequently Asked Questions- Updating Company Records with the Corporate Affairs Commission and the Status of Dormant Companies
1. What do Companies need to do to be up to date with the Corporate Affairs Commission (CAC)?For a company to be in good standing with the CAC, it must f...
CBN to Commence Export Facilitation Initiative
In line with its commitment to facilitate the objective of the Federal Government of Nigeria (“FGN”) to diversify the economy and reduce overdependence on the oil sector, the Central Bank of ...
FG evaluates companies for 178 gas flare points
The Federal Government, through the steering committee of Nigerian Gas Flare Commercialisation Programme (NGFCP), has commenced prequalification of over 250 companies that have submitted their express...