• Your Rights As a Nigerian Electricity Consumer This week we will be examining the Meter Reading, Billing Cash Collections and Credit Management for Electricity Supplies Regulations, 2007. The following are the rights to note from this regulation: Right to transparent electricity billing: Every Distribution Company (Disco) shall obtain, through its authorized representatives, an actual reading […]

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  • The Central Bank of Nigeria (CBN) has pursuant to the power conferred on it to promote sound financial system, released the Global Standing Instructions (Individuals) (GSI) in Nigeria to enhance recovery of loan across the banking sector and reduce non-performing loans with effect from 1st August 2020. The GSI provides a process of loan recovery […]

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  • On the 9th of July 2020 the Lagos State Internal Revenue Service issued a notice on the implementation of tax incentives and reliefs for tax payers in Lagos State. This Public notice comes following their earlier public notice issued by the service extending the time for the filling of annual returns from 31st March – […]

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  • Do you know your right as an electricity consumer? The Nigeria Electricity Regulation Commission (the Commission) has provided some Regulations targeted at safeguarding the rights of electricity consumers. In this series, we will be examining these Regulations and the rights they provided. This week, we are considering the Connection and Disconnection Procedures for Electricity Services, […]

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  • The Lagos State Internal Revenue Service or (“LIRS” or “the Service”) recently released a public notice on the 1st of July 2020, to the public and taxpayers especially those with matters under reconciliation with the Service. This Public notice was stated not to amend or override any existing law in force in Nigeria including the […]

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  • Structure of Mergers A merger can be done by; a) purchase or lease of shares, interests or assets in the other company(s), b) by amalgamation or other combination with the other company(s), or c) by a joint venture. Section 92(1)(b) of the Federal Competition and Consumer Protection Act (FCCPA). A merger may also be horizontal […]

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  • The Federal Inland Revenue Services “FIRS” on April 29, 2020 released an information circular to    clarify the amendment of the Stamp Duties Act by the Finance Act 2019. Electronic Documents Section 2 of the Stamp Duties Act was amended to expand the scope of instrument liable to stamp duties to include “electronic documents”. What Instruments? […]

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