Corporate Affairs Commission Guideline On Holding Of Annual General Meetings (Agm) Of Public Companies Using Proxies.

By |2020-04-03T14:36:02+00:00April 3rd, 2020|Newsletter, Publications|

The Nigerian Corporate Affairs Commission on 26th March 2020 released the Guideline on holding of Annual General Meetings (Agm) of public companies using proxies.  The guideline provides that in view of the COVID-19 pandemic, companies can hold their Annual General Meetings by taking advantage of S.230 Companies and Allied Matters Act (CAMA) on the use of proxies. The guideline makes the following

The National Information Technology Development Agency Extends Deadline For Filing of Data Protection Audit Report

By |2020-04-02T14:18:47+00:00April 2nd, 2020|Covid-19|

The National information Technology Development Agency (NITDA) has through its Director General Kashifu Inuwa, extended the date for filing of the Annual Data Protection Audit Report from 15th March of every year as provided under the Nigerian Data Protection Regulation to 15th May 2020.  All companies which control data of individuals are therefore urged to comply by engaging the services of a Data

Legal Risks In Continuing Your Business Online

By |2020-04-01T08:22:40+00:00March 31st, 2020|Covid-19|

As a form of business continuity plan, having an online business is the new business especially during this COVID- 19 pandemic era. Certain risks are however associated with operating an online business, which include the following: - Risk of disclosure of data between parties and to unauthorised 3rd party. - Risk of technological errors e.g.

Accessing CBN’s N50 Billion Targeted Credit Facility

By |2021-01-26T07:49:56+00:00March 30th, 2020|Covid-19, Publications|

In its bid to cushion the effect of the Covid-19 outbreak on Nigerians, most especially on households, small and medium sized enterprises, the Central Bank of Nigeria (CBN) issued guidelines for the implementation of N50 Billion targeted credit facility. it is a stimulus package to support MSMEs (Micro, Small and Medium Enterprises) affected by this pandemic.   Eligible Participants  Households with verifiable

The Effect Of Covid-19 On Loan Facility Agreements

By |2020-04-01T08:24:39+00:00March 27th, 2020|Covid-19|

As a result of the coronavirus and Covid-19 pandemic,  businesses that have obtained loans from financial institutions and have facility agreements guiding their contracts will be unable to pay due interest  which may lead to an event of default on the part of the borrower.    The borrower should check the list of events in the force majeure clause to see if they

Ensuring Privacy Policy Whilst Working Remotely

By |2020-04-01T08:25:33+00:00March 26th, 2020|Covid-19|

Obeying rules and regulations in the workplace create an environment where employees feel safe and comfortable to do their job effectively. Without question, employees should follow the rules of the organization they work with. And one of the important rules that employees need to follow strictly is the Privacy Policy of the Company. A Privacy

Will African Oil & Gas Producers Be Future Global Energy Suppliers?

By |2022-08-14T09:07:19+00:00March 12th, 2020|Developing Africa, Publications|

Topic: Africa’s Transitioning From Fossil Fuels 1.         The call for clean energy to meet global carbon reduction goals is putting pressure on everyone with nations and energy sector participants thinking about how they can remain players in the future energy market. 2.         African oil nations will be affected in primarily 2 ways- their oil and

Amendments To Nigeria’s Tax Law

By |2020-03-06T08:35:17+00:00March 6th, 2020|Newsletter, Publications|

DO YOU KNOW THAT: profits of a nonresident company engaged in transmitting, emitting or receiving signals etc., to the extent that the company has significant economic presence in Nigeria are taxable. profits of a nonresident company providing technical, management, consultancy or professional services to a person resident in Nigeria to the extent that the company

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