AelexIT

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December 2023

FOREIGN OWNED COMPANIES MUST NOW HAVE N100 MILLION MINIMUM PAID-UP CAPITAL

2024-01-24T13:08:32+01:00

By a notice dated 5th December 2023 which has now been retracted, the Corporate Affairs Commission (the “CAC”) informed the public of the commencement of the implementation of the N100 million minimum paid-up capital requirement [...]

FOREIGN OWNED COMPANIES MUST NOW HAVE N100 MILLION MINIMUM PAID-UP CAPITAL2024-01-24T13:08:32+01:00

Seasons Greetings

2023-12-26T10:11:57+01:00

It is the most wonderful time of the year, another opportunity to send you our warmest wishes and extend our appreciation for the confidence that you have continually placed in us over the [...]

Seasons Greetings2023-12-26T10:11:57+01:00

INTEGRATING RENEWABLE ENERGY INTO NIGERIA’S ENERGY MIX; PROSPECTS AND CHALLENGES

2023-12-12T12:15:42+01:00

AELEX in collaboration with Renewable Energy and Energy Efficiency Associations -Alliance (REEEA-A) are pleased to invite the general public and stakeholders to a webinar on the topic “INTEGRATING RENEWABLE ENERGY INTO NIGERIA’S ENERGY MIX, [...]

INTEGRATING RENEWABLE ENERGY INTO NIGERIA’S ENERGY MIX; PROSPECTS AND CHALLENGES2023-12-12T12:15:42+01:00

International Day of Bank

2023-12-08T16:46:28+01:00

On 19 December 2019, the United Nations designated December 4 as the International Day of Banks. This designation was made in recognition of the role as well as the potential of banks to contribute to [...]

International Day of Bank2023-12-08T16:46:28+01:00

November 2023

CORPORATE AFFAIRS COMMISION TO IMPOSE PENALTIES FOR LATE FILING OF ANNUAL RETURNS

2023-11-22T14:47:35+01:00

FULL APPLICATION OF PENALTIES FOR FAILURE TO FILE ANNUAL RETURNS BY COMPANIES AND RECOVERY OF PENALTIES AGAINST COMPANY DIRECTORS AND OFFICERS   The Corporate Affairs Commission wishes to remind the general public and, in particular, [...]

CORPORATE AFFAIRS COMMISION TO IMPOSE PENALTIES FOR LATE FILING OF ANNUAL RETURNS2023-11-22T14:47:35+01:00

IMPLEMENTATION OF THE AfCFTA

2023-11-09T16:24:14+01:00

The African Continental Free Trade Area Agreement (AfCFTA) is set to contribute in lifting 30 million people from extreme poverty and 68 million people from moderate poverty by 2030 and increase real income gains by [...]

IMPLEMENTATION OF THE AfCFTA2023-11-09T16:24:14+01:00

October 2023

AfCFTA on Competition Policy must seek to harmonise REC Policies 2

2023-10-12T15:36:21+01:00

Enforcement of Competition law and policy has revved up several gears on the Continent, as delineated by the recent commencement of investigations by the Common Markets for Eastern and Southern Africa (“COMESA”) Commission into a [...]

AfCFTA on Competition Policy must seek to harmonise REC Policies 22023-10-12T15:36:21+01:00

September 2023

MARPOL and The State-Sanctioned Destruction of Crude Oil-Carrying Vessels on Nigerian Waters

2023-09-28T10:56:48+01:00

Introduction The International Convention for the Prevention of Pollution from Ships (“MARPOL” or the “Convention”) was promoted by the International Maritime Organisation (“IMO”). It was adopted on the 2nd of November 1973 to tackle the [...]

MARPOL and The State-Sanctioned Destruction of Crude Oil-Carrying Vessels on Nigerian Waters2023-09-28T10:56:48+01:00

Nigeria must design legal and regulatory framework for electric vehicles to meet NDC targets – Part I

2023-09-26T15:25:14+01:00

Recent survey data shows that Nigeria accounts for over 75% of the registered vehicles in West Africa, with an ever-increasing number of vehicles plying the roads. The overwhelming majority of these vehicles have internal combustion [...]

Nigeria must design legal and regulatory framework for electric vehicles to meet NDC targets – Part I2023-09-26T15:25:14+01:00

Fintech Centre Podcast 10

2023-09-26T09:19:48+01:00

In this privacy-themed episode, Ifeoluwa Ebiseni (Associate, AELEX), talks with Femi Daniel about the role he played in the development of the Nigeria Data Protection Regulation (NDPR), Nigeria's first data protection legislation. Although the Nigeria [...]

Fintech Centre Podcast 102023-09-26T09:19:48+01:00

THE BENEFICIAL OWNERSHIP REGISTER: IMPLEMENTING THE FINANCIAL ACTION TASK FORCES RECOMMENDATIONS ON MONEY LAUNDERING AND TERRORISM FINANCING IN NIGERIA

2023-09-11T09:43:45+01:00

Section 119 of the Companies and Allied Matters Act (“CAMA”) 2020, in conjunction with the Persons with Significant Control Regulations (“PSC Regulations”) 2022, requires companies, Limited Liability Partnerships (“LLPs”), and by extension, foreign exempted companies [...]

THE BENEFICIAL OWNERSHIP REGISTER: IMPLEMENTING THE FINANCIAL ACTION TASK FORCES RECOMMENDATIONS ON MONEY LAUNDERING AND TERRORISM FINANCING IN NIGERIA2023-09-11T09:43:45+01:00

WHEN DOES PENALTY AND INTEREST APPLY TO UNPAID TAX

2023-09-08T10:23:18+01:00

The effectiveness of tax laws lies primarily in the coercive powers of tax authorities to enforce compliance and penalties for default, and not an altruistic or patriotic disposition of taxpayers to contribute to the public [...]

WHEN DOES PENALTY AND INTEREST APPLY TO UNPAID TAX2023-09-08T10:23:18+01:00
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