On 31 December, 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now the Finance Act, 2021) into law. The principal aim of the Finance Act, 2021 (“the FA”) is to support the implementation of the 2022 Federal Government Budget […]
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The legislations applicable to employment and labour relations in Nigeria include: However, the Labour Act is the principal legislation governing employment relations in Nigeria. Its application is limited to employees engaged under a contract of manual labour or clerical work […]
Under the Old Labour Jurisprudence based on commentaries and judicial decisionsparticularly the Supreme Court decision in NNPC v. Famfa Oil Limited1, an employer is notobligated to obtain the approval of the Minister of Petroleum Resources(“Minister”) beforedisengaging an employee in the […]
By virtue of Regulation 13 of the Companies Regulations 2021 (“the Regulation”), all existing companieswhose issued capital are less than the minimum issued share capital are required to issue all theirunissued shares on or before 31st June 2021.However, vide a […]
The effect of the Rules of Court in civil jurisprudence especially as it relates to determining the rights and liabilities of individuals and businesses in non-criminal proceedings before the Courts cannot be over-emphasized. However, Practice Directions are guidelines with the […]
Citizenship is a juristic and political status in which an individual enjoys full, legally sanctioned membership in a state and owes full allegiance to it. Citizenship is a status that is legally granted to an individual by a state which […]
We are pleased to have contributed the maiden Nigerian Chapter of the International Comparative Legal Guide on Environment, Social and Governance Laws (ESG) 2022 by the Global Legal Group. In the publication, we provide answers to the questions posed above. […]
Expatriates who wish to work in Free Zone-licensed companies in Nigeria are not exempted from the immigration regulations and requirements. Though the application process is almost the same as other visas, this visa is different in terms of documentation, authorized […]
On the 7th of June, 2021, the Securities and Exchange Commission (“SEC”) (“the Commission”) published its proposed Rule (“Rule”) on Social Bonds in the Nigerian Capital Markets. The Rule, according to the Commission, was borne out of the increased volume […]
It is a notorious fact that most business ideas never make it to the market, mostly because of lack of funds. The inability to get the needed funds to kickstart a business or to sustain it is the biggest challenge […]
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