Market Date: 24-05-2013
Proshare Law
Inheritance and Gift Taxes - Legal Alert – April 2013
The generally held opinion in Nigeria is that there is no Inheritance and Gift Taxes in Nigeria. This is despite the enforcement of a Ten per cent (10%) (10%) Estate Fee charged on a deceased person's Estate when the Administrators or Executors of
Companies, Other Legal Entities Formation and Taxation
In Nigeria, the most common form of business formation and registration is a registered company. Under Nigerian Law, a company is a voluntary association of a number of persons united to carry on a particular line of business for economic gain.
Co-operative Societies: Laws, Taxes & Regulations - February 2013
A Co-operative Society is an autonomous and voluntary association of individuals who come together with the objective of owning common property, and prompting the economic interest of its members.
CIBN Position – Appointment of External Chairman for CBN
The Chartered Institute of Bankers of Nigeria (CIBN) is delighted about the invitation sent to it by the House Joint Committee on Banking and Currency and Justice to the Public Hearing on a Bill for an Act to amend the Central Bank of Nigeria Act, 2007
CIBN Presentation to NASS on CBN Act Amendment - May 28, 2012
We are very delighted for the invitation extended to The Chartered Institute of Bankers of Nigeria (CIBN) by the Senate Joint Committee on Banking, Insurance and other Financial Institutions and Judicial,
Limitation Law in Nigeria – Legal Alert– January 2013
There is usually a Limitation Law, in many countries, which requires that a law suit must be commenced within a specific period of time from when the injury or omission, causing the damage or loss, arose or occurred. In Nigeria, the general legislation, w
Legal Alert – November 2012 - Property Taxes in Nigeria
There are various taxes that apply to real estate or real property transactions in Nigeria. The common public representation or perception that there are no real property or real estate taxes in Nigeria is not correct.
The Income Tax (Transfer Pricing) Regulations, No. 1, 2012
The proposed Income Tax (Transfer pricing) Regulations, 2012 (TPRs) is published by the Federal Inland Revenue Service (FIRS) in pursuance of the powers conferred on it by Section 61 of the Federal Inland Revenue Service (Establishment) Act. No.13 of
Personal Income Tax Residency Rules
The controversy over which State Government is the relevant tax authority authorised to collect Personal Income Tax where the tax payer resides in one State but works in another State, or where the tax payer works in more than two State, during each year
Tax Alert - Minimum Tax and Dormant Companies
The inability of global economies to come out of recession has resulted in redundancies and more closure of businesses without liquidation or winding up of many of these affected companies.
Legal Alert – June 2012 – Limited and General Partnerships
Partnership is one of the most common forms of establishing a business in Nigeria. The culture of sustaining long-term Partnerships that thrives and outlive their original partners have however remained mostly a mirage in Nigeria.
Legal Alert - May 2012 - Admissibility of Electronic Evidence
Tendering of electronic mails ("emails") for example are usually as contentious and acrimonious as the litigation itself, with the opposite party usually relying on the hearsay rule, among other forms of objections under the old Evidence Act 1945, to prev
Legal Alert - April 2012 - Hotels & Tourism Licensing and Regulatory Regimes
Legal Alert - April 2012 - Hotels & Tourism Licensing and Regulatory Regimes
Can an Attorney Ethically Put Up Security for His Client?
Can an Attorney Ethically Put Up Security for His Client?
Laws and Regulation Affecting Agricultural Commodities Trade In Nigeria.
Laws and Regulation Affecting Agricultural Commodities Trade In Nigeria.
Legal Alert - March 2012 - Industrial Training Fund (Amendment) Act, 2011
Legal Alert - March 2012 - Industrial Training Fund (Amendment) Act, 2011
Legal Guide for Small & Medium Business(es) in Nigeria
Legal Guide for Small & Medium Business(es) in Nigeria
Law: Intercepting Private Communications in Nigeria
Law: Intercepting Private Communications in Nigeria
Legal Alert – February 2012 – Personal Income Tax (Amendment) Act, 2011
LLegal Alert – February 2012 – Personal Income Tax (Amendment) Act, 2011
Legal Alert for January 2012: Terrorism (Prevention) Act, 2011
Legal Alert for January 2012: Terrorism (Prevention) Act, 2011
Legal Alert for October 2011: Money Laundering (Prohibition) Act, 2011
Legal Alert for October 2011: Money Laundering (Prohibition) Act, 2011
A review of the Evolving Nigeria Principal-Agency Rules
A review of the Evolving Nigeria Principal-Agency Rules
Legal Alert for Sept ’11 - Sovereign Investment Authority Act
Legal Alert for Sept ’11 - Sovereign Investment Authority Act
FRN v. Femi Fani-Kayode, and the Admissibility of Computer-Generated Evidence in Nigeria
The most topical issue in the case of FEDERAL REP. OF NIGERIA VS, FEMI FANI KAYODE, FHC/L/523C/08 before Hon. Justice Ramat Mohammed was whether a computer generated statement of account is inadmissible under Section 97 of the Nigerian Evidence Act, and s
Legal Alert for August 2011: Oil and Gas Local Content Act
Legal Alert for August 2011: Oil and Gas Local Content Act
Legal Alert for July 2011: The New National Minimum Wage Act, 2011
Legal Alert for July 2011: The New National Minimum Wage Act, 2011
Legal Alert for June 2011: Employees’ and Trade Unions
Legal Alert for June 2011: Employees’ and Trade Unions
Electricity Licenses and Tariffs – Law and Regulations
Electricity Licenses and Tariffs – Law and Regulations
Legal Alert for April 2011: Compulsory Insurance Policies in Nigeria
Legal Alert for April 2011: Compulsory Insurance Policies in NigeriaLegal Alert for March 2011:Employee’s Compensation Act
Legal Alert for March 2011: Employee’s Compensation Act
Legal Alert for February 2011: Tax Clearance Certificates
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Legal Alert for January 2011: Interest Charged In Simple Contracts Claims
Legal Alert for January 2011: Interest Charged In Simple Contracts Claims
What Businesses must know about the Lagos State HIV/AIDS Protection Law
What Businesses must know about the Lagos State HIV/AIDS Protection Law
New Lagos State Local Government Approved Taxes/Levies Law
New Lagos State Local Government Approved Taxes/Levies Law
2010 - Money Laundering Legislations in Nigeria
The Lagos State Government has signed into Law a bill for the regulation, standardisation and grading of Hotels and other Tourism businesses in Lagos State.
Legal Alert for July 2010: Directors - Appointment, Duties & Removal
Legal Alert for July 2010: Directors - Appointment, Duties & Removal
Dismissal or Termination? Distinction under Nigerian Employment Law
The global recession is contributing to the escalation of employment related litigation in Nigeria. An insufficient appreciation of the difference between a termination of an employment contract with a dismissal of an employee from his employment is also
Charities, Trustees and NGOs in Nigeria – Legal and Tax Regulations
Charities, Trustees and NGOs in Nigeria – Legal and Tax Regulations
