Legal News & Resources
Facebook Targets Spread of Misinformation Before US Elections
The social networking site, Facebook, is taking steps and a host of measures to minimize the spread of misinformation regarding Covid-19 and the upcoming United States elections on November 3, 2020. The company has mentioned that steps are being taken to fact-check...
President Buhari Signs the Nigeria Police Force (Establishment) Bill 2020 into Law
The President of the Federal Republic of Nigeria, President Muhammadu Buhari, has assented into law, the Nigeria Police Force (Establishment) Act 2020. This was disclosed on Thursday, September 17, 2020, in a statement titled ‘President Buhari Assents to Police Bill,...
Nigerian Airports Resume International Flights with Strict Safety Protocols
Lagos and Abuja airports have reopened for international flights with effect from September 5, 2020. This is coming months after the shutdown of Nigerian airports in March 2020, due to the Coronavirus (COVID-19) pandemic. The reopening of the airports for...
Nigeria Issues Companies Income Tax (Significant Economic Presence) Order, 2020
Foreign companies that are not registered in Nigeria but provide digital, technical, professional, management or consultancy services to Nigerian customers would now be liable to income tax in Nigeria once it is established that they have significant economic presence...
The United Kingdom Set to Adopt Points-Based Immigration System
The United Kingdom (UK) government is set to adopt a new immigration system, which will take effect from January 1st 2021, for applications to live, study and work in the UK. An Immigration Bill will be introduced and will come into force after the end of the...
Lagos State’s New Regulations on e-Hailing Services and Operators Uber, Bolt Take Effect from August 27, 2020
The Lagos State Government introduced new regulations for e-hailing services within the State. The new regulations are contained in a document issued by the Lagos State Ministry of Transportation titled “Guidelines for Online Hailing Business Operation of Taxi in...
The Implications of the new Guidelines on Global Standing Instruction by the Central Bank of Nigeria
The Central Bank of Nigeria (CBN) recently released new guidelines targeted at facilitating an improved credit repayment culture, reducing non-performing loans and watch-listing loan defaulters. The guidelines tagged ‘‘Guidelines on Global Standing Instruction (GSI) -...
President Buhari Signs Amended Companies and Allied Matters Bill into Law on 7 August 2020.
President Muhammadu Buhari, on Friday, August 7, 2020, gave his assent to the Amended Companies and Allied Matters Bill. This event took place in Abuja, Nigeria. The Bill, passed by the National Assembly in March 2020, extensively reforms company and business...
NSE GUIDELINES ON VIRTUAL COMPANY MEETINGS
A virtual meeting occurs when people, irrespective of their physical location, are able to convene a meeting and communicate effectively via the internet using technological tools such as teleconference, web conference and video conference. On 15 April 2020,...