FIRM NEWS

April 2020

FEDERAL GOVERNMENT SIGNS REGULATIONS ENFORCING THE RESTRICTION ORDER

2020-04-27T23:39:47+01:00

The President, Muhammadu Buhari on 30 March 2020 signed into law, the COVID-19 Regulations 2020, pursuant to the powers conferred on the President, under the Quarantine Act. The Regulations seeks to amongst other things, enforce [...]

FEDERAL GOVERNMENT SIGNS REGULATIONS ENFORCING THE RESTRICTION ORDER2020-04-27T23:39:47+01:00

DEPARTMENT OF PETROLEUM RESOURCES CIRCULAR-MANAGEMENT OF COVID-19 OUTBREAK

2020-04-28T13:05:14+01:00

The Department of Petroleum Resources (DPR) issued a circular sharing recommended practices that are proving effective in managing the spread of the Corona Virus across the industry. According to the circular, strategies adopted by Industry [...]

DEPARTMENT OF PETROLEUM RESOURCES CIRCULAR-MANAGEMENT OF COVID-19 OUTBREAK2020-04-28T13:05:14+01:00

SALARY OBLIGATION DURING COVID-19

2020-04-29T11:09:08+01:00

The Nigeria Employers’ Consultative Association (“NECA”) on 25 April 2020, issued circular addressing Employment Contracts and salary obligations to employees during the COVID-19 lockdown. According to NECA, employers’ obligations to pay wages to its staff [...]

SALARY OBLIGATION DURING COVID-192020-04-29T11:09:08+01:00

Federal Inland Revenue Service (FIRS) Provides Palliative Measures to Taxpayers.

2020-04-23T19:35:00+01:00

The Federal Inland Revenue Service, on 31 March 2020, following the directive of the Federal Government to shut down movement and activities in Lagos, Federal Capital Territory and Ogun States, has provided a number of [...]

Federal Inland Revenue Service (FIRS) Provides Palliative Measures to Taxpayers.2020-04-23T19:35:00+01:00

FCT Inland Revenue Service Extends due date for Income Tax Returns Filing

2020-04-23T18:36:55+01:00

The Federal Capital Territory Inland Revenue Service has issued a public notice extending the due date for filing Individual Income Tax Returns from 31 March 2020 to 30 June 2020, particularly for residents of the Federal [...]

FCT Inland Revenue Service Extends due date for Income Tax Returns Filing2020-04-23T18:36:55+01:00

House of Representatives Passes “Emergency Economic Stimulus Bill 2020”

2020-04-23T18:26:21+01:00

The House of Representatives of the Federal Republic of Nigeria, on 25 March 2020, passed the “Emergency Economic Stimulus Bill 2020”, in a bid to cushion the impact of the COVID-19 pandemic. The Bill proposes [...]

House of Representatives Passes “Emergency Economic Stimulus Bill 2020”2020-04-23T18:26:21+01:00

INNOVATION AND IP

2020-04-23T15:51:37+01:00

In celebration of the World Intellectual Property Day, AELEX is organising a virtual free legal clinic, themed, 'Innovation and IP' which is scheduled to hold by 12:30pm on 28th April 2020. Intended participants at the webinar [...]

INNOVATION AND IP2020-04-23T15:51:37+01:00

ONE WORLD TOGETHER AT HOME

2020-04-23T15:40:46+01:00

One of our #probono clients, Global Citizen, recently organised the OneWorld: #TogetheratHome concert that was watched by millions of viewers. The concert was organised to celebrate and support healthcare workers fighting #COVID19 around the world. Following [...]

ONE WORLD TOGETHER AT HOME2020-04-23T15:40:46+01:00

FISCAL STIMULUS MEASURES IN RESPONSE TO THE COVID – 19 PANDEMIC AND OIL PRICE FISCAL SHOCK

2020-04-22T14:10:12+01:00

As part of the Federal Government's intervention efforts to manage the adverse impacts of the COVID-19 pandemic, the Minister of Finance, Budget & National Planning, Mrs. Zainab Shamsuna Ahmed announced the introduction of a fiscal stimulus [...]

FISCAL STIMULUS MEASURES IN RESPONSE TO THE COVID – 19 PANDEMIC AND OIL PRICE FISCAL SHOCK2020-04-22T14:10:12+01:00

THE NIGERIAN STOCK EXCHANGE GUIDANCE ON COMPANIES’ VIRTUAL BOARD, COMMITTEE, AND MANAGEMENT MEETINGS

2020-04-22T12:53:04+01:00

On 15 April 2020, the Nigerian Stock Exchange ('"NSE")  released a ‘Guidance on Companies’ Virtual Board, Committee and Management Meetings’ (the “Guidance”). According to the NSE, the Guidance is in response to the shift from conventional physical meetings [...]

THE NIGERIAN STOCK EXCHANGE GUIDANCE ON COMPANIES’ VIRTUAL BOARD, COMMITTEE, AND MANAGEMENT MEETINGS2020-04-22T12:53:04+01:00

THE COVID19 REGULATIONS 2020

2020-04-22T00:11:43+01:00

on March 30 2020, the Federal Government of Nigeria led by His Excellency, President Muhammadu Buhari made the COVID19 Regulations as a response to the outbreak of the deadly pandemic in Nigeria. The Regulation was made [...]

THE COVID19 REGULATIONS 20202020-04-22T00:11:43+01:00

THE CORPORATE AFFAIRS COMMISSION GUIDELINES ON THE HOLDING OF ANNUAL GENERAL MEETINGS OF COMPANIES USING PROXIES

2020-04-21T23:59:45+01:00

The above Guidelines was issued on March 26 2020. According to this guidelines, public companies are entitled to take advantage of section 230 of the Companies and Allied Matters Act on the use of proxies. However, [...]

THE CORPORATE AFFAIRS COMMISSION GUIDELINES ON THE HOLDING OF ANNUAL GENERAL MEETINGS OF COMPANIES USING PROXIES2020-04-21T23:59:45+01:00

CHARTERED INSTITUTE OF ARBITRATORS GUIDANCE NOTES ON REMOTE DISPUTE RESOLUTION PROCEEDINGS

2020-04-21T23:01:18+01:00

CIArb offers this Guidance Note on Remote Dispute Resolution Proceedings to provide parties to existing and future disputes, as well as neutrals, a guide for conducting proceedings in any circumstance where parties to the dispute [...]

CHARTERED INSTITUTE OF ARBITRATORS GUIDANCE NOTES ON REMOTE DISPUTE RESOLUTION PROCEEDINGS2020-04-21T23:01:18+01:00

Federal Competition and Consumer Protection Commission (FCCPC) COVID-19 DIRECTIVE

2020-04-20T23:46:00+01:00

The Federal Competition and Consumer Protection Commission (FCCPC), in compliance with the federal government directive that all non-essential federal government workers are to desist from commuting and working from office location, issued a directive on [...]

Federal Competition and Consumer Protection Commission (FCCPC) COVID-19 DIRECTIVE2020-04-20T23:46:00+01:00

GUIDELINES FOR THE IMPLEMENTATION OF THE N50 BILLION TARGETED CREDIT FACILITY

2020-04-20T22:48:19+01:00

Throughout the world, the covid-19 has been a clog on the economic prosperity of several countries. Things are not the way they used to be. Businesses have stopped making profits due to the restriction of [...]

GUIDELINES FOR THE IMPLEMENTATION OF THE N50 BILLION TARGETED CREDIT FACILITY2020-04-20T22:48:19+01:00
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