by Detail Solicitors | Oct 27, 2020 | Newsletters
Background The signing into law of the Companies and Allied Matters Act 2020 (CAMA 2020) in August 2020 by President Muhammadu Buhari is generally believed by various stakeholders to be a positive development for businesses in Nigeria. The government has been keen on... by Detail Solicitors | Sep 3, 2020 | Newsletters
BACKGROUND The President of the Federal Republic of Nigeria, Muhammadu Buhari, signed into law the Companies and Allied Matters Act, 2020 (the “Act” or “New CAMA”) on the 7th of August, 2020. The Act repeals the Companies and Allied Matters Act, 1990, which had been... by Detail Solicitors | Jun 29, 2020 | Newsletters
BACKGROUND Value Added Tax (“VAT”) is a consumption tax that is levied at the rate of 7.5% on the supply of all goods and services that are backed by consideration except for those goods and services specifically exempted under the VAT Act as amended. Part I and II of... by Detail Solicitors | Jun 29, 2020 | Newsletters
Background The President of the Federal Republic of Nigeria, President Muhammadu Buhari, recently presented the Nigerian Tax and Fiscal Law (Amendment) Bill, 2019 (the Finance Bill) to the National Assembly for consideration and passage into law. The Finance Bill has... by Detail Solicitors | Jun 28, 2020 | Newsletters
Background On the 19th of August, 2019, Nigerian Electricity Regulatory Commission (NERC) issued minor tariff reviews (“2016 – 2018 Minor Review Order”) to the Multi-Year Tariff Order 2015-2024 (MYTO 2015), to take into consideration the impact of macroeconomic... by Detail Solicitors | Jun 28, 2020 | Newsletters
COVID-19 and Implications of Force Majeure Claims in Contractual Arrangements Introduction The sudden and unexpected emergence of the coronavirus (COVID-19 or Virus) pandemic has greatly disrupted the global economy. Countries around the world have imposed travel...