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There is a current shift in the tax administration system in Nigeria which is observed in the promulgation and reform of existing regulations in recent months. Some of these reforms are aimed at enhancing revenue generation, improving compliance, and boosting economic gro..
In light of ongoing challenges in the Nigerian foreign exchange market, including recent distortions driven by speculators and illicit traders, the need for a robust regulatory framework has become increasingly urgent. In view of this, the Central Bank of Nigeria has intr..
The Supreme Court Rules, 2024 effectively repealed and replaced the longstanding Supreme Court Rules of 1985. The 2024 Rules have already sparked considerable interest within legal circles, particularly among practitioners in Nigeria's dispute resolution landscape. In lig..
Artificial intelligence (AI) is rapidly evolving, playing a crucial role in driving economic growth and addressing various societal challenges, amongst many others. In recognition of the rapid evolution and potential of AI, the Federal Ministry of Communication, Innovatio..
An Environmental Impact Assessment (EIA) is a critical process used to evaluate the potential environmental impact of proposed projects before they are implemented. Their impacts can include all relevant aspects of the natural, social, economic and human environment. Ther..
In recent years, financial technology (fintech) has rapidly expanded worldwide, forcing traditional financial institutions to evolve in response to this innovative manner of conducting business in the financial industry. Today, we continue to witness the significant impac..
The Corporate Social Responsibility (CSR) Bill, 2023, introduces mandatory CSR requirements for Nigerian companies that meet specific financial thresholds. If passed, companies will need to establish a CSR committee, notify the Corporate Affairs Commission (CAC), and allo..
In our digitally driven world, where the internet is a cornerstone of commerce, communication, and information dissemination, cybersquatting has emerged as a serious threat. The Cybercrimes (Prohibition, Prevention, etc.) Act of 2015 in Nigeria addresses this menace, spec..
The Nigeria Data Protection Commission has extended the registration deadline for organizations that are required by law to register as data controllers and data processors of major importance. The new registration deadline is September 30, 2024. Section 44 of the Nigeria..
