May 2021

The Nigerian National Pension Commission has mandated employers to whom the Pension Act relates to comply with the Guideline on Group Life Insurance Policy (GLIP) for Employees on or before 31st July 2021. Click on this link for more on the provision of the GLIP and how to comply. Read more  

A Simple Agreement for Future Equity (SAFE) is a modern seed financing tool introduced by Y Combinator. It addresses the common issue of limited access to traditional funding for startups. SAFE allows investors to provide capital without immediate equity acquisition, instead granting rights to future equity when specific trigger events occur (e.g., future financing, acquisition,

By the ”Proposed Rule On Robo-Advisory Services ” released by SEC Nigeria, Robots may now use an interactive platform to provide investment advice services to clients using innovative technology. Read more

According to the Nigerian FIRS Guideline on Tax treatment of Non-governmental organisation, NGOs are subject to a number of taxes such as income tax, Capital Gains Tax etc. Read more

According to the Nigerian Finance Act, foreign companies which provide some specific services to Nigerians or persons resident in Nigeria may be liable to pay Companies Income Tax if they have significant economic presence in Nigeria. Click on the link below to see what companies are classified as having significant economic presence for the purpose