Blog
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...
Nigeria looks to add nuclear power to the energy mix
The Chief Executive Officer (Central and Southern Africa) of ROSATOM, a Russian state corporation that specializes in nuclear energy has stated that Nigeria is serious and on course to utilize nu...
Who Owns the Copyright to a Music Video?
There are several creatives involved in the creation and production of a music video; from the cinematographer/ video director, to the artiste, to the record label, and so on. The question is, who the...
CONTENT OF COMPANY LETTER HEADS
One of the first items procured by a newly incorporated company is the letterhead on which its business letters will be issued. This is in compliance with Section 548 (1)(c) of the Companies and ...
Signing of the 2019 Budget
President Muhammadu Buhari yesterday signed the 2019 appropriation bill of N8.91 trillion into law. The National Assembly had passed the budget into law after increasing the budget size from its initi...
House of Reps pass Power Sector Reform Bill through Second Reading
A bill for an Act to amend the Electric Power Sector Reform Act, No. 6, 2005 (“Bill”) has passed through second reading at the House of Representatives. The purpose of the Bill is to prohibit thef...