SUSPENSION OF THE MANDATORY LEVY FOR ORGANISATIONS EMPLOYING EXPATRIATE WORKERS

By |2024-04-17T12:07:06+00:00April 17th, 2024|Publications|

The Suspension of the implementation of the Expatriate Employment Levy resulted from mixed reactions by various stakeholders. This Article focuses on the provisions of the Expatriate Employment Levy Handbook and the suspension of its implementation. Click for more info

NIGERIA DATA PROTECTION ACT 2023 PART V

By |2024-02-21T13:23:28+00:00February 21st, 2024|Publications|

This Article sheds the spotlight on part V of the NDPA Act. The Principles of Personal Data Processing introduced in the Act serve as a foundational guide for ethical data handling in Nigeria. With an emphasis on fairness, transparency, and accountability, the Act not only aligns with international data protection standards but also sets

VIRTUAL MEETINGS FOR PUBLIC AND PRIVATE COMPANIES IN NIGERIA

By |2023-10-25T12:57:43+00:00October 24th, 2023|Publications|

Public and Private companies can now have their meetings virtually! The Business Facilitation (Miscellaneous) Act 2022 and the Companies and Allied Matters Act 2020 have recognised virtual meetings for both public and private companies in Nigeria. Companies can validly hold its meeting virtually so long as it is in line with the company's articles.

NIGERIA DATA PROTECTION ACT 2023: AN OVERVIEW OF PART III AND IV OF THE ACT

By |2023-10-10T15:23:21+00:00October 10th, 2023|Publications|

This Article sheds the spotlight on parts III and IV of the NDPA Act. These salient provisions explain the fiscal and labour resources required for the Commission to effectively carry out its duties. Part III outlines the criteria for appointment and the length of term in office for commission members, while Part IV elaborates

NIGERIA DATA PROTECTION ACT 2023: AN OVERVIEW

By |2023-09-12T15:15:11+00:00September 12th, 2023|Publications|

Data privacy relates to the right of a person to determine for themselves when, how, and to what extent their personal information is shared with or communicated to others and to ensure that the handling of their personal data follows data protection laws, regulations, and general privacy best practices. In today's digital age, where significant volumes of

The Corporate Affairs Commission To Strike Out The Names Of 100,000 Companies From Its Database

By |2023-09-12T10:49:21+00:00September 6th, 2023|Publications|

The Corporate Affairs Commission ("the CAC") earmarked 100,000 registered companies for delisting for failure to file annual returns in the last 10 years. What is annual returns and when should annual returns be filed? Click here to find out

Significant Changes Of The Arbitration & Mediation Bill 2022

By |2022-09-21T14:01:58+00:00September 21st, 2022|Publications|

The Senate on the 10th of May 2022 passed the Arbitration and Mediation bill, below we have highlighted some novel areas introduced by the bill for your digest. Click here for more #Arbitrationlaw #Arbitrationbill2022 #Senatebills #Nigerianbills #Tonbofalaw #Tonbofawrites

Licenses In The Nigeria Mining Sector

By |2022-08-04T16:06:38+00:00August 4th, 2022|Publications|

Mining sectors continue to dominate among economic areas attracting foreign investors, most commonly challenged with licensing and regulatory framework. The aim of this article is to highlight mining licences in Nigeria with key regulatory and fiscal provisions. Click for more #Mining in Nigeria #Mining Licenses #Fiscal Provisions #Nigeria Mining Laws #TONBOFA

Data Subject’s Right to Lodge Compliant

By |2022-07-21T12:58:12+00:00July 21st, 2022|Publications|

Do you know that as a Data Subject you have the right to make reports to the relevant authority where your rights are being infringed on? In this article we highlight the right of a Data Subject to make reports vis a vis the Sokoloan Saga. Click here for more Tonbofalaw |Tonbofawrites |NDPR |NDPRsanctions

CAN A LIMITED LIABILITY COMPANY PURCHASE ITS SHARES IN NIGERIA?

By |2022-06-23T15:29:56+00:00June 23rd, 2022|Publications|

Do you know that a Company limited by shares can buy back its own shares upon fulfilment of certain conditions under the Companies and Allied Matters Act, 2020? For more information click here  #CAC #Sharecapital #Cama #Shares #TONBOFA

New Rules on Issuance, Offering Platforms And Custody of Digital Assets

By |2022-06-23T15:47:27+00:00June 21st, 2022|Publications|

Recall that on 14 September 2020 the Securities and Exchange Commission “SEC” released a Statement on Digital Assets and their Classification and Treatment to regulate crypto-token or crypto-coin investments detailed in our article NIGERIAN SEC REGULATES DIGITAL ASSETS – TONBOFA Law Practice. In furtherance of this mandate SEC had in April 2022 released its Proposed Rules on the

DATA PROTECTION AND THE IMPLICATION OF DATA BREACH

By |2022-01-28T12:39:28+00:00January 28th, 2022|Publications|

Everyday, personal data or information are shared, these data reveal sensitive personal information that can be exploited. It is therefore important to protect these data and regulate the way data is used. Authorities through laws and regulations are taking bold steps to protect data of citizens and impose sanctions for data breach. Wondering how to

ATTORNEY GENERAL OF RIVERS STATE V. FEDERAL INLAND REVENUE SERVICE & A.G FEDERATION: THE COURT’S DECISION

By |2021-12-09T10:49:26+00:00December 9th, 2021|Newsletter, Publications|

The Federal High Court recently ruled that the Federal Government is not empowered to make tax laws in relation to VAT, withholding tax, education tax and technology tax . The constitution does not allow the Federal Government to make tax laws outside the taxation of incomes, profits, and capital gains. Read More

Africa Energy Update

By |2021-10-15T14:59:54+00:00October 15th, 2021|Energy Updates, Publications|

ZIMBABWE: Solgas Energy commissions its 5 MWp Cross Mabale solar power plant Renewable energy producer Solgas Energy is commissioning its Cross Mabale solar power plant in the northern Matabeleland province. The plant, which is connected to the Zimbabwean national grid, has a capacity of 5 MWp.A solar photovoltaic power plant goes into commercial operation in

THE NIGERIAN PETROLEUM INDUSTRY ACT 2021

By |2021-09-30T14:46:51+00:00September 30th, 2021|Energy Updates, Publications|

The passage and signing of the highly anticipated Petroleum Industry Act is a landmark in the oil and gas industry. The Act provides legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities. For more information on key provisions of the Act click here to learn more

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