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OFFSHORE INVESTMENT OF PENSION FUNDS: PROSPECTS AND BENEFITS FOR THE NIGERIAN PENSION INDUSTRY

Nearly two decades after the introduction of the Contributory Pension Scheme (CPS), the Nigerian pension industry has witnessed transformative changes. Despite these advancements, persistent concerns remain regarding the value of savings remitted by employers and employees compared to the worth of the pensions received upon retirement. Inflation and currency depreciation challenge retirees’ living standards, prompting calls for legislative support for offshore investments to achieve better returns.

THE NIGERIAN 2024 WHT REGULATIONS AND THEIR EFFECT ON TAX GROSS-UP PROVISIONS IN CONTRACTS

Nigeria’s Ministry of Finance issued the Deduction of Tax at Source (Withholding) Regulation 2024, reshaping the rules for Withholding Tax (WHT). This regulation emphasizes that WHT should not add extra costs to contracts. This article explores gross-up clauses, their legal implications, and their interplay with the WHT regime in Nigeria.

Nigeria Competition Law Considerations in Negotiating Restrictive Agreements

On January 29, 2024, COMESA fined the Confederation of African Football (CAF) and BEIN Media Group LLC $300,000 for anti-competitive practices related to exclusive broadcasting rights. This landmark sanction highlighted significant competition restrictions within COMESA. Against this backdrop, we explore Nigeria’s regulation of restrictive agreements within its developing competition law regime.