INTRODUCTION
The Business Facilitation Act (“Act”) was signed into law by President Muhammad Buhari on Wednesday, February 8, 2023 as a legislation geared to ensure a business-friendly and inclusive environment as well as limit bureaucratic bottlenecks...
Yesterday, Thursday, October 20, 2022, at the Moorhouse Hotel in Ikoyi, Lagos State, the first Initial Creditors Meeting (ICM) to be recorded under Nigeria\’s 2020 Companies and Allied Matters Act and the new Insolvency Regulations 2022 was convened....
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INTRODUCTION
It is no longer news in the Nigerian jurisdiction that the Petroleum Industry Act (PIA) has introduced significant changes...
INTRODUCTION
The 5th Schedule to the FIRS
Establishment Act 2007 (FIRSEA) established the Tax Appeal Tribunal (TAT)
to preside over disputes between an aggrieved taxpayer and tax authorities in
Nigeria, giving it the right to exercise jurisdiction,...
INTRODUCTION
Like many pandemics before it, the Corona Virus
disease (“COVID-19”/” the Pandemic”) in December 2019, spread at a record speed
from Wuhan, Hubei province in China and crept up on the rest of the world.
Today, the pandemic is known for the...
Introduction:
Nigeria’s Insolvency practice takes its origin from
English principles but unlike in England, Nigeria’s insolvency practice from
over the years has been largely liquidation – focused. Hence, the believe that immediately
a Receiver...
INTRODUCTION
Until recently, before the Companies and
Allied Matters Act, 2020 (“CAMA 2020”) was passed into law, the Insolvency
practice in Nigeria was devoid of a defined legal framework. Once an
incorporated entity was declared insolvent by a competent...
The Federal High Court (Federal Inland Revenue
Service) Practice Directions, 2021(the Practice Directions) came into
effect on 1st June 2021. It provides a new set of rules for tax
litigations concerning the Federal Inland Revenue Service (FIRS). The
following...
Introduction
In May 2020, the Nigerian Government announced the commencement of the Marginal Fields Bid Rounds through the issuance of bid guidelines. This bid rounds came to a climax on 31 May 2021 through the issuance of Award Letters to Awardees. In...