FIRM NEWS
CHIEF JUDGE RELEASES USE OF REMOTE HEARING CIRCULAR
On 29th April 2020, the Chief Judge of the Federal High Court released a circular on remote hearing in the Federal High Court. In the circular, the Chief Judge warned [...]
COVID-19: THE LAGOS STATE JUDICIARY PRACTICE DIRECTIONS
In light of the COVID-19 pandemic and the resultant virtual reality the world has been thrust into, the Lagos State Judiciary has released Practice Directions for remote hearing of cases. [...]
COVID-19 OBTAIN CLEARANCE BEFORE SACKING WORKERS F.G. WARNS EMPLOYERS
The Federal Government of Nigeria has urged employers not to sack workers because of the COVID-19 pandemic without first obtaining clearance. According to Chris Ngige, Minister of Labour and Employment, [...]
The Lagos State Practice Direction for Remote Hearing of Cases
The Chief Judge of Lagos State recently issued the Practice Direction for Remote Hearing of Cases (“the Practice Directions”) in Lagos State which will come into effect on Monday, 4 May 2020. The Practice [...]
AN EXAMINATION OF THE MEASURES TO MITIGATE THE IMPACT OF COVID-19 ON TAXPAYERS IN NIGERIA
In an attempt to lessen the impact of the COVID-19 pandemic on taxpayers, the Federal and State Internal Revenue Services have introduced emergency tax measures such as tax rebates, tax [...]
SECOND PRESIDENTIAL SPEECH ON EXTENSION OF RESTRICTION ORDER
H.E Muhamadu Buhari, President of the federal republic of Nigeria on Monday 27 April, 2020 addressed the country. This is the third time the president is addressing the country since [...]
Federal Competition and Consumer Protection Commission (FCCPC) COVID-19 DIRECTIVE
The Federal Competition and Consumer Protection Commission (FCCPC) on Friday, February 28, 2020 in one of its releases addressed concerns of the general public on price gouging, unreasonable and arbitrary [...]
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 [...]