Our Associate Partner, Chukwudi Ofili, interview with ChannelsTV
Our Associate Partner, Chukwudi Ofili highlighted salient points in an interview with ChannelsTv on the Federal Government's decision to take over unclaimed funds under the new Finance Act (2020). If you missed out, you can watch via the link below:...
Detail is pleased to have advised Infrastructure Credit on its Infrastructure Bonds
DETAIL is pleased to have advised Infrastructure Credit on its guarantee of Transport Services Limited's NGN12 billion 10-Year Series 1 Senior Guaranteed Fixed Rate Infrastructure Bonds due 2030 under a NGN50 billion Debt Issuance Programme. Read more here:...
POTENTIAL IMPACTS OF BOFIA 2020 ON NIGERIAN BANKING AND FINANCE SECTOR
Background On November 13, 2020, President Muhammadu Buhari assented to the Banks and Other Financial Institutions Act (BOFIA) (amendment) Bill 2020. This action effectively repeals BOFIA 2004 and enacts BOFIA 2020. The legislation provides a more stringent regulatory...
Congratulations to our Partner, Dolapo Kukoyi, on her emergence as Legal Advisor for the Nigerian Gas Association
Congratulations to our Partner, Dolapo Kukoyi on her emergence as Legal Adviser At the recently concluded Nigerian Gas Association’s Annual General Meeting and Council Elections. We wish her a successful tenure.
Our Partner, Dolapo Kukoyi, speaking at Guardian Nigeria’s Power-Up Virtual Summit 2020
Our Partner, Dolapo Kukoyi will be speaking at the Guardian Nigeria's Power-Up Virtual Summit 2020, discussing the theme: "Meeting the Nation's Power Needs: Challenges and Opportunities" Date: Thursday, December 10, 2020 Register here:...
Security Arrangements Under CAMA 2020
Background The signing into law of the Companies and Allied Matters Act 2020 (CAMA 2020) in August 2020 by President Muhammadu Buhari is generally believed by various stakeholders to be a positive development for businesses in Nigeria. The government has been keen on...
KEY HIGHLIGHTS OF THE COMPANIES AND ALLIED MATTERS ACT 2020 – PART 1
BACKGROUND The President of the Federal Republic of Nigeria, Muhammadu Buhari, signed into law the Companies and Allied Matters Act, 2020 (the “Act” or “New CAMA”) on the 7th of August, 2020. The Act repeals the Companies and Allied Matters Act, 1990, which had been...
Our Partner, Dolapo Kukoyi, and Senior Associate, Anthony Ezeamama, will be facilitators at the Rural Electrification Agency’s roundtable on VAT considerations for REA’s Solar Home Systems Intervention Programme.
Our Partner, Dolapo Kukoyi, and Senior Associate, Anthony Ezeamama, will be facilitators at the Rural Electrification Agency's roundtable on VAT considerations for REA's Solar Home Systems Intervention Programme. Date: Friday 3rd July 2020 Time: 1pm - 3pm (WAT)...
THE IMPACT OF THE VALUE ADDED TAX (MODIFICATION ORDER) 2020 ON DIFFERENT SECTORS OF THE NIGERIAN ECONOMY
BACKGROUND Value Added Tax (“VAT”) is a consumption tax that is levied at the rate of 7.5% on the supply of all goods and services that are backed by consideration except for those goods and services specifically exempted under the VAT Act as amended. Part I and II of...
FINANCE BILL, 2019 AND ITS IMPACT ON NIGERIAN BUSINESSES
Background The President of the Federal Republic of Nigeria, President Muhammadu Buhari, recently presented the Nigerian Tax and Fiscal Law (Amendment) Bill, 2019 (the Finance Bill) to the National Assembly for consideration and passage into law. The Finance Bill has...