Blog
MODIFICATION OF FORM CAC7A – NOTICE OF CHANGE OF DIRECTORS, OR IN THE NAME, RESIDENTIAL ADDRESS OR POSTAL ADDRESS OF DIRECTOR
The Corporate Affairs Commission (the “CAC”) has recently modified one of its post-incorporation forms - the Form CAC 7A (the “Form”), which is the form required for filing a notice of the app...
NNPC Releases Guidelines for its 2019 crude oil-for-product swap programme
The Nigerian National Petroleum Corporation (NNPC) has released the guidelines for its 2019 crude oil-for-product swap programme, known as the Direct Sale and Direct Purchase (DSDP) scheme.The guideli...
KANYE WEST V EMI - BOILERPLATE CLAUSES
In October 2003, Kanye West signed a publishing deal with Sony Music’s publishing division, EMI Music Publishing (EMI), ahead of the release of his first album. The contract requires Kanye to write ...
NEITI to release list of Beneficial owners of Crude Oil Blocks
The Nigeria Extractive Industries Transparency Initiative (“NEITI”) has disclosed that it is working to unveil the beneficial owners or holders of all of Nigeria’s crude oil blocks by January 20...
COMPLIANCE REQUIREMENTS FOR BUSINESS NAMES AND INCORPORATED TRUSTEES
The Corporate Affairs Commission (“CAC”) is the only Nigerian agency established for the regulation and management of business entities registered in Nigeria. The popular notion is that the CAC is...
The New Merger Regime – Issues Arising
Prior to the enactment of the Federal Competition and Consumer Protection Act, 2018 (“FCCPA”), mergers and acquisitions in Nigeria were generally regulated by the Investme...
REVIEW OF MINIMUM CAPITAL REQUIREMENT FOR MICROFINANCE BANKS IN NIGERIA
In a bid to strengthen the microfinance banking sub-sector, the Central Bank of Nigeria (“CBN”) has increased the minimum capital requirement of microfinance banks as follows: 1. ...
EXPLORING THE RELEVANCE OF THE MORALITY CLAUSE: JUSSIE SMOLLETT AND FOX
Jussie Smollett, an actor of the FOX television series “Empire”, was arrested and charged with filing a false police report, where he claimed to have been the victim of a racist and homophobic att...
THE USE OF TECHNOLOGY IN PREPARING FOR COMPANY MEETINGS
In today’s digital age, technology has become a valuable tool for companies to circulate information to their directors and shareholders effectively. However, by virtue of the provisions of the Comp...
PEBEC Issues NAP 4.0 on the Ease of Doing Business in Nigeria
In line with its mission to remove critical bottlenecks to doing business in the country and make Nigeria a progressively easier place to do business and thrive, the Presidential Enabling Business Env...