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CAC GUIDELINES ON HOLDING ANNUAL GENERAL MEETING BY PROXY AS A RESULT OF THE COVID-19 PANDEMIC

In line with the need to address the impact of the COVID-19 pandemic outbreak on the Nigerian business environment and corporate governance in Nigeria, the Corporate Affairs Commission (“CAC”) has issued guidelines for the conduct of Annual General Meeting (“AGM”) of companies by proxy. The Commission noted that in view of the pandemic, companies can […]

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THE IMPACT OF COVID-19 ON EMPLOYMENT CONTRACTS

Following the global spread of the COVID-19 Pandemic, nations of the world are taking reactive and proactive measures to curtail the spread of the disease in their countries. In Nigeria, the governments response aimed at curtailing the spread of the disease has led to the significant restrictions in the movement of persons and goods, especially […]

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FUTHER MEASURES TAKEN BY THE FEDERAL INLAND REVENUE SERIVCE TO MITIGATE THE IMPACT OF COVID-19 ON TAXPAYERS

The Federal Inland Revenue Service (FIRS) in its bid to continue to cushion the effects of the COVID-19 Pandemic on taxpayers (individuals and businesses alike), has rolled out further measures to support taxpayers in managing their tax obligations as they are impacted by the Pandemic. The FIRS came to this decision following the decision of […]

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Managing the Impacts of COVID-19

The Nigerian Government has announced interventions and palliative measures to cushion the negative economic impact of the COVID-19 on individuals and business organisations respectively. On the 13th of April, 2020, the Nigerian President Muhammadu Buhari addressed the nation following the initial cessation of all movements in Lagos State, Ogun State & the Federal Capital Territory […]

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COVID-19

MITIGATING MEASURES TO REDUCE THE NEGATIVE EFFECT OF COVID-19 IN NIGERIA Tax Updates The Nigerian Government has announced palliative measures to cushion the negative economic impact of the COVID-19 on individuals and business organizations respectively. Please find below tax updates to this effect. Read More

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FINANCE MINISTER ISSUES ORDER EXPANDING THE GOODS AND SERVICES EXEMPT FROM VAT IN NIGERIA

Pursuant to the powers conferred by Section 38 of the Value Added Tax Act, (“VAT Act”), the Honourable Minister of Finance, Budget and National Planning (“Minister”) on February 3, 2020, issued the Value Added Tax (Modification Order), 2020 (“VAT Modification Order”). By the VAT modification order (a gazetted copy has recently become available in the […]

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AN ANALYSIS OF THE NIGERIAN DATA PROTECTION REGULATIONS 2019

The continuous shift from manual to digital processes across various sectors globally has necessitated the publication of data protection legislation by governments across the world. These legislations seek to regulate the collection, collation, storage and processing of personal data by private, public and government entities as well as safeguarding the information of individuals obtained through […]

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FIRS WAIVES INTEREST AND PENALTIES ON OUTSTANDING TAX LIABILITIES FOR TAXPAYERS

The Federal Inland Revenue Service (“FIRS”) introduced several measures to mitigate the effect of the COVID-19 Pandemic on taxpayers. (Please see our updates on the initial palliative measures on our website). On 30th April, 2020, the FIRS issued a public notice titled “Update on the Palliative Measures to Cushion the Effects of COVID-19 on Taxpayers […]

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