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Bloomfield

Nigeria | Mandatory Expatriate Quota Returns Submission Through The Federal Ministry Of Interior Ecitibiz Website

The Nigerian Federal Ministry of Interior (‘FMI’) has mandated that all companies holding expatriate quota positions file their monthly returns through the FMI’s Official Website (e-CITIBIZ) effective November 8, 2023.

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Jackson, Etti & Edu

Corporate Affairs Commission: Full Application of Penalties for Failure to File Annual Returns by Companies and Recovery of Penalties Against Company Directors and Officers

On the 2nd of November 2023, the Corporate Affairs Commission (‘CAC’) issued a circular notifying Companies of the statutory requirement to file annual return every financial year. The circular was prompted by the fact that several Companies are non-compliant with t..

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Inventa

Nollywood and Brand Synergy: A Product Placement Perspective

Product placement in Nollywood, the Nigerian film industry, presents a growing opportunity for brands and filmmakers. Acknowledged as a significant catalyst for brand recognition within the country, Vera Albino's analysis of this partnership also underscores the cri..

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Templars

Error of Law on the Face of the Award – the Arbitration and Mediation Act 2023 Comes to the Rescue

This publication by Templars Partner, Adewale Atake, SAN, and Senior Associate, Orji A. Uka, highlights the transformative provision in the AMA regarding recourse against arbitral awards. It focuses on the defence of “error of law on the face of the award” and its e..

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Jackson, Etti & Edu

Understanding The Framework For Advertising NAFDAC Regulated Products And What The Law Requires Of Manufacturers, Importers, Distributors And Retailers

The National Agency for Food and Drug Administration and Control (NAFDAC) is the body that regulates and control the importation, exportation, manufacture, advertisement, distribution, sale and use of food, drugs, cosmetics, medical devices, bottled water and chemicals am..

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Jackson, Etti & Edu

Key Highlights of CBN’s Code of Corporate Governance Guidelines

On the 13th of July 2023, the Central Bank of Nigeria (CBN) issued a circular with respect to the Corporate Governance Guidelines for Commercial, Merchant, Non-Interest and Payment Service Banks, as well as Financial Holding Companies in Nigeria (new Guidelines) with an e..

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SPA Ajibade & Co.

Data Privacy At The Core Of Open Banking In Nigeria

The emergence of open banking has transformed the financial landscape, offering customers opportunities to access innovative financial services. However, as the open banking ecosystem continues to evolve, the need to navigate the intersection of data privacy regulations a..

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Udo Udoma & Belo-Osagie

Data Breaches: Compliance obligations under the Nigerian Data Protection Act 2023

Data breaches are now a regular occurrence in the modern data-driven and digital global 
economy that the world has now become. A number of organisations have suffered data 
breaches in the course of their operations with differing degrees of seriousness. ..

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G. Elias & Co.

Collection of Customers’ Social Media Information by Banks: An Examination of Legal Propriety

The regulator of the Nigerian financial system, the Central Bank of Nigeria (“CBN”), on June 20, 2023, issued the Customer Due Diligence Regulations (“Regulations”). This is ostensibly as a reaction to Nigeria being name-checked by the Financial Action Task Force (“FATF”)..

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