logo-mobile
  • Home
  • Our Firm caret
    Our Core Our History Our Vision Our Culture
  • Our Work caret
    Practice Groups Practice Areas Our Rankings
  • Our People
  • Resources caret
    Blog Publications
  • ADCAX Nominees
  • Careers
  • Contact Us
logo
  • Home
  • Our Firm
    Our Core Our History Our Vision Our Culture
  • Our Work
    Practice Groups Practice Areas Our Rankings
  • Our People
  • Resources
    Blog Publications
  • ADCAX Nominees
  • Careers
  • Contact Us

Publications

Sort by   
COVID-19: RAISING FINANCE – A QUICK LOOK AT THE NEW TAX EXEMPTION REGIME ON INTEREST PAYABLE ON FOREIGN LOANS UNDER THE FINANCE ACT, 2019

COVID-19: RAISING FINANCE – A QUICK LOOK AT THE NEW TAX EXEMPTION REGIME ON INTEREST PAYABLE ON FOREIGN LOANS UNDER THE FINANCE ACT, 2019

27.05.2020
COVID-19, Tax

In this newsletter, we look at raising finance for post-COVID-19 business operations but from the perspective of the new provisions on tax exemption on interest payable on foreign loans as provided in the recently enacted Finance Act, 2019

Read More
THE LEGALITY OF THE EXISTING LEGAL FRAMEWORK FOR VIRTUAL/REMOTE COURT SITTING IN NIGERIA

THE LEGALITY OF THE EXISTING LEGAL FRAMEWORK FOR VIRTUAL/REMOTE COURT SITTING IN NIGERIA

18.05.2020
Litigation

On 6th May 2020, the National Judicial Council (“NJC”) issued Guidelines for court sittings and related matters in the COVID 19 period (“Guidelines”). According to the NJC, the Guidelines were issued based on the report of the committee that was set up by the NJC at its 91st Meeting held on 22nd day of April 2020 to devise guidelines and measures to enable safe court sittings during this challenging period of the coronavirus pandemic. One of the fundamental innovations introduced by the Guidelines is provided under paragraph E of the Guidelines titled “Virtual or Remote Court Sittings”. This innovation in the NJC Guidelines will constitute the theme of this article given the provisions of the Constitution of the Federal Republic of Nigeria 1999 (as amended), the Evidence Act and the predominant positivist approach adopted by our Courts in the interpretation of statute.

Read More
COVID-19: CBN SETS NEW DEADLINES FOR MICROFINANCE BANKS’ MINIMUM CAPITAL REQUIREMENTS

COVID-19: CBN SETS NEW DEADLINES FOR MICROFINANCE BANKS’ MINIMUM CAPITAL REQUIREMENTS

13.05.2020
COVID-19, Banking & Finance, Regulatory

The Central Bank of Nigeria (“CBN”), as expected, is playing a leading role in the fight to address the adverse economic impact of COVID-19. The CBN has introduced different policy measures in response to the COVID-19 pandemic, including extension of moratorium and reduction of interest rates on CBN intervention facilities, creation of a N50 billion targeted credit facility, provision of N100 billion credit support for the healthcare industry and regulatory forbearance for loan restructurings by banks. A more recent step taken by the CBN is the revision of the deadlines within which microfinance banks were required to meet the new minimum capital requirements.

Read More
RUNNING A CROWDFUNDING PORTAL/PLATFORM: KEY COMPLIANCE OBLIGATIONS

RUNNING A CROWDFUNDING PORTAL/PLATFORM: KEY COMPLIANCE OBLIGATIONS

22.04.2020
Crowdfunding, Finance, Regulatory

In our post of 15 April 2020, we commenced our series on crowdfunding business in Nigeria and specifically considered businesses that would be eligible to raise capital through crowdfunding - based on the proposed rules and regulations guiding crowdfunding activities in Nigeria (the “Proposed Regulations”) that were recently released by the Securities and Exchange Commission of Nigeria. While the Proposed Regulations are yet to become effective, we continue our crowdfunding series in this post by considering the compliance obligations that would apply to a company operating, providing or maintaining a crowdfunding portal/platform in Nigeria under the Proposed Regulations.

Read More
NIGERIAN PORTS AUTHORITY DIRECTS TERMINAL OPERATORS TO SUSPEND THE APPLICATION OF DEMURRAGE FOR 21 DAYS DUE TO COVID-19 PANDEMIC

NIGERIAN PORTS AUTHORITY DIRECTS TERMINAL OPERATORS TO SUSPEND THE APPLICATION OF DEMURRAGE FOR 21 DAYS DUE TO COVID-19 PANDEMIC

16.04.2020
Shipping, Maritime, Regulatory

The Nigerian Ports Authority (‘the Authority’ or ‘NPA’), on 27th March 2020, issued a press statement directing all terminal operators to stop the application of “terminal storage fees on consignments (demurrage)” for an initial period of 21 days effective from 23 March 2020. This, the Authority said was done in acknowledgement of the pressure the COVID -19 pandemic has placed on businesses in Nigeria as well as to support the Federal Government’s Ease of Doing Business Policy in this challenging time

Read More
POST-COVID-19: CROWDFUNDING AS A VIABLE FUND-RAISING OPTION – A LOOK AT THE RULES PROPOSED BY THE SECURITIES AND EXCHANGE COMMISSION

POST-COVID-19: CROWDFUNDING AS A VIABLE FUND-RAISING OPTION – A LOOK AT THE RULES PROPOSED BY THE SECURITIES AND EXCHANGE COMMISSION

15.04.2020
COVID-19, Finance, Regulatory

In this post, which is the first in our crowdfunding series, we look at businesses that would be eligible to raise capital through crowdfunding based on the proposed rules and regulations guiding crowdfunding activities in Nigeria (the “Proposed Regulations”) that were recently released by the Securities and Exchange Commission of Nigeria (“SEC”).

Read More
THE NIGERIAN CODE OF CORPORATE GOVERNANCE 2018: A SYNOPSIS

THE NIGERIAN CODE OF CORPORATE GOVERNANCE 2018: A SYNOPSIS

15.04.2020
Nigeria , Directors and Officers, Corporate Governance

Introduction In January 2019, the Federal Government of Nigeria unveiled the Nigerian Code of Corporate Governance 2018 (the “Code” or the “NCCG 2018”). The Code was published in 2018 by the Financial Reporting Council (“FRC”) pursuant to its powers under Sections 11(c) and 51(c) of the Financial Reporting Council of Nigeria Act 2011 (the “Act”) and launched in January 2019. The NCCG 2018 consolidates the private and public companies’ codes of corporate governance and replaces the National Code of Corporate Governance 2016 which was suspended due to its contentious provisions on not-for-profit organizations.

Read More
COVID-19: COMPLYING WITH THE GUIDELINES FOR THE RELEASE OF STAFF IN THE NIGERIAN OIL AND GAS INDUSTRY 2019

COVID-19: COMPLYING WITH THE GUIDELINES FOR THE RELEASE OF STAFF IN THE NIGERIAN OIL AND GAS INDUSTRY 2019

08.04.2020
COVID-19, Oil and gas, Guidelines

The global outbreak of the novel coronavirus (COVID-19) coupled with the Russia-Saudi Arabia crude oil price war ushered in a new low crude oil price environment, which is ravaging oil dependent economies. Nigeria is not spared. The Federal Government of Nigeria has had to implement fiscal measures to mitigate the adverse economic effects of COVID-19 and low crude oil prices, including a reduction of budgeted capital expenditure by 20% across ministries, departments and agencies, and a 25% reduction of capital expenditure and overhead budgets by all government owned enterprises.

Read More
NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY, ISSUES MARINE NOTICE ON COVID-19

NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY, ISSUES MARINE NOTICE ON COVID-19

09.04.2020
COVID-19, NIMASA, NOTICE

On 30th March 2020, the Nigerian Maritime Administration and Safety Agency (“NIMASA”) in view of the COVID-19 pandemic, issued a Marine Notice to all Ship Owners, Ship Operators, Masters of Ships, Ship Agents, Shipping Companies and Maritime Stakeholders (“Notice”). The Notice is meant to offer guidance to support all types of ships that operate in the Nigerian maritime domain and to assist shipping companies and all maritime stakeholders in observing the directives and advice provided by United Nations agencies – including the World Health Organization (WHO), the International Maritime Organization and the International Labour Organization, as well as the Nigeria Center for Disease Control (NCDC).

Read More
COVID-19: IMPACT ON THE INDUSTRY

COVID-19: IMPACT ON THE INDUSTRY

09.04.2020
Oil and Gas, Nigeria , COVID-19

Obsolete legal, fiscal and regulatory frameworks, uncertainty over pending laws, insecurity and bureaucratic inefficiency have all been identified as perennial challenges facing the Nigerian oil and gas industry (“the Industry”). The outbreak of the novel coronavirus (COVID-19) and subsequent measures implemented to flatten the curve have resulted in disruptions of epic proportions – the Industry is not exempt from these disruptions and this poses a new challenge for the Industry.

Read More
  • «
  • 1
  • 2
  • 3
  • 4
  • »
logo
facebook twitter linkedin
SUBSCRIBE TO NEWSLETTER
facebook twitter linkedin
© 2021 ACAS-LAW. ALL RIGHTS RESERVED