FIRM NEWS
FEDERAL GOVERNMENT SIGNS REGULATIONS ENFORCING THE RESTRICTION ORDER
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 [...]
DEPARTMENT OF PETROLEUM RESOURCES CIRCULAR-MANAGEMENT OF COVID-19 OUTBREAK
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 [...]
SALARY OBLIGATION DURING COVID-19
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 [...]
Federal Inland Revenue Service (FIRS) Provides Palliative Measures to Taxpayers.
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, [...]
FCT Inland Revenue Service Extends due date for Income Tax Returns Filing
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 [...]
House of Representatives Passes “Emergency Economic Stimulus Bill 2020”
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 [...]
INNOVATION AND IP
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. [...]
ONE WORLD TOGETHER AT HOME
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 [...]
AELEX RETAINS LEGAL 500 TOP-TIER 1 LEGAL RANKING
We are pleased to have been ranked as a top-tier law firm in the 2020 edition of the The Legal 500 (Legalease) EMEA, a guide to the best lawyers and [...]
FISCAL STIMULUS MEASURES IN RESPONSE TO THE COVID – 19 PANDEMIC AND OIL PRICE FISCAL SHOCK
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 [...]
THE NIGERIAN STOCK EXCHANGE GUIDANCE ON COMPANIES’ VIRTUAL BOARD, COMMITTEE, AND MANAGEMENT MEETINGS
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 [...]
THE COVID19 REGULATIONS 2020
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 [...]
THE CORPORATE AFFAIRS COMMISSION GUIDELINES ON THE HOLDING OF ANNUAL GENERAL MEETINGS OF COMPANIES USING PROXIES
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 [...]
FCTA NEW GUIDELINES ON THE LOCKDOWN IN ABUJA
The Federal Capital Territory Administration recently released its guidelines on the cessation of movement within its territory. The Chief Press Secretary to the Minister of FCT, Mr. Anthony Ogunleye noted [...]
EDO STATE DANGEROUS INFECTIOUS DISEASE (EMERGENCY PREVENTION) REGULATIONS
The Regulations was contrived by the Edo State Government on the 30 of March 2020. The regulations is made pursuant to the Public Health Law of Western Region of 1959 and [...]
DEPARTMENT OF PETROLEUM RESOURCES CIRCULAR ON COVID19
The Department of Petroleum Resources issued a circular dated March 30 2020. This circular was made pursuant to President Muhammadu Buhari’s directive on COVID19 of 29 March 2020. To this [...]
CHARTERED INSTITUTE OF ARBITRATORS GUIDANCE NOTES ON REMOTE DISPUTE RESOLUTION PROCEEDINGS
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 [...]
Federal Competition and Consumer Protection Commission (FCCPC) COVID-19 DIRECTIVE
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 [...]
TEMPORARY SUSPENSION OF CHEQUE CLEARING IN THE NIGERIAN CLEARING SYSTEM
The Nigerian Government in order to curb the spread the coronavirus pandemic announced a lockdown for the first time in March in certain states. This was done in order to [...]
GUIDELINES FOR THE IMPLEMENTATION OF THE N50 BILLION TARGETED CREDIT FACILITY
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 [...]