Detail Solicitors | Jun 2, 2021 | Newsletters
Pursuant to a statement dated 26th May 2021, issued by the Securities and Exchange Commission (SEC), all existing investment crowdfunding portals/digital commodities investment platforms (“Platforms”) are required to comply with the registration requirements and... Detail Solicitors | May 21, 2021 | Newsletters
BACKGROUND In our newsletter on “SEC’S Directive To Online Investment And Trading Platforms in Nigeria – The Way Forward” (the “Newsletter”), we had analyzed the Securities and Exchange Commission’s (“SEC”) Press Release dated 8th April, 2021 on the Proliferation of... Detail Solicitors | May 15, 2021 | Newsletters
INTRODUCTION According to the Food and Agricultural Organisation of the United Nations (FAO), agriculture remains one of the largest sectors of the Nigerian economy and employs two-thirds of the entire labour force. However, a major factor that has stifled the growth... Detail Solicitors | May 3, 2021 | Newsletters
WHICH FINANCIAL INSTITUTIONS’ TRANSACTIONS ARE LIABLE TO VALUE ADDED TAX IN NIGERIA? THE FIRS PERSPECTIVE AND MATTERS ARISING 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... Detail Solicitors | Apr 10, 2021 | Newsletters
Image courtesy:istockphoto.com BACKGROUND On the 8th of April 2021, the Securities and Exchange Commission (the “SEC”), issued a press release addressing the activities of online investment and trading platforms which facilitate direct access of the investing Nigerian... Detail Solicitors | Feb 4, 2021 | Newsletters
INTRODUCTION The Finance Act, 2020 (the Act) was signed into law by President Muhammadu Buhari on 31st December, 2020. The objectives of the Act include reforming Nigerian tax laws to align with global best practices, supporting small businesses in line with the...