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Executive Order on the Voluntary Assets and Income Declaration Scheme

Detail Solicitors | Jun 29, 2017 | Articles

On the 29th of June 2017, the Acting President, Prof. Yemi Osinbajo launched the Voluntary Assets and Income Declaration Scheme (VAIDS) to address the issue of tax default in Nigeria. The Scheme which became effective on the 1st of July 2017 provides a 9-month...

Appraising the New Policy Directive on ‘Eligible Customers’ in the Nigerian Power Market

Detail Solicitors | Jun 2, 2017 | Newsletters

Introduction On 15th May, 2017, the Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola issued a policy directive to the Nigerian Electricity Regulatory Commission (NERC) declaring four categories of eligible customers in the Nigerian Electricity Supply...

Release of Mini-Grid Regulations by the Nigerian Electricity Regulatory Commission

Detail Solicitors | May 24, 2017 | Articles

On the 24th May, 2017, the Nigerian Electricity Regulatory Commission (NERC) released a new Mini Grid Regulation to govern the development of integrated electricity generation and distribution supply systems of under 1MW either in isolation from the Distribution...

Implications of the New Pioneer Status Incentives in Nigeria’s Technology Industry

Detail Solicitors | Feb 8, 2017 | Newsletters

A.    Introduction The Nigerian technology industry has witnessed explosive growth at a geometric progression of 34% year-on-year in the last decade; becoming the fastest-growing and one of the largest contributors to the economy. Its contribution to GDP grew from...

Drawbacks of Capital Control Measures Under the Proposed Foreign Exchange Amendment Bill

Detail Solicitors | Jan 31, 2017 | Newsletters

A.    BACKGROUND Nigeria has maintained a liberalized foreign exchange market since the enactment of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act in 1995. The Act established an autonomous foreign exchange market and guaranteed the unconditional...
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