Blog
DETERMINANTS OF THE APPROPRIATENESS OF MULTIPLE DIRECTORSHIPS UNDER THE NIGERIAN CODE OF CORPORATE GOVERNANCE 2018
The Companies and Allied Matters Act (“CAMA”), the Securities and Exchange Commission Code of Corporate Governance for Public Companies (the “SEC Code”) and the Nigerian Code of Corporate Gove...
FCCPC Proposes Pre-merger Notification Thresholds
In our earlier blog post (http://www.acas-law.com/resource/blog/The_New_Merger_Regime_-_SEC_and_FCCPC_Issue_Joint_Notice_on_Merger_Transactions), we highlighted, inter alia, the powers of the Federal ...
Re: Introduction of ‘Police Tax’ under the Nigeria Police Trust Fund (Establishment) Act, 2019
President Muhammadu Buhari recently signed into law the Nigeria Police Trust Fund (Establishment) Act, 2019 (the “Act”). The Act established a special intervention fund for the Nigeria Police...
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...