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SimmonsCooper Partners > Blog
Newsletter

Redefining Arbitration: Nigeria’s Landmark Win and New Legal Framework 

  • Admin
  • February 27, 2024
  • 1 Comment

The country once again emerged victorious and received a more reassuring relief in what may well be dubbed the most significant and indeed controversial arbitration dispute in Nigeria’s history.

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Newsletter

Nigeria’s Supreme Court Clarifies Control Over Inland Waterways 

  • Admin
  • February 27, 2024
  • 0 Comments

On January 5, 2024, a pivotal Supreme Court ruling clarified the National Inland Waterways Authority’s (NIWA) role as the singular regulatory body for Nigeria’s inland waterways, marking a significant moment for regulatory clarity in the nation. 

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Newsletter

A Landmark Tax Resolution: MultiChoice and FGN’s N35.4 Billion Agreement 

  • Admin
  • February 27, 2024
  • 0 Comments

In a landmark development that underscores Nigeria’s increasing focus on tax compliance and corporate accountability, MultiChoice, the prominent broadcaster known for DSTV, has finalized a substantial settlement with the Nigerian tax authorities.

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Newsletter

Business Brief: Assessing the Impact of ECOWAS Departures and Niger’s Airspace Blockade on Nigeria 

  • Admin
  • February 27, 2024
  • 0 Comments

In an unprecedented series of events that have reshaped the geopolitical and economic landscape of West Africa, Burkina Faso, Mali, and Niger have formally exited the Economic Community of West African States (ECOWAS) as of January 28, 2024.

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Newsletter

License to Create: CAC’s Registration Directive to Content Creators 

  • Admin
  • February 27, 2024
  • 0 Comments

On February 13th, 2024, the Corporate Affairs Commission (CAC) directed social media content creators to formalize their operations by registering their businesses under the Companies and Allied Matters Act, 2020.

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Newsletter

Central Bank of Nigeria Introduces New Digital Asset Guidelines: A Guide for Investors 

  • Admin
  • February 27, 2024
  • 0 Comments

On December 22, 2023, the Central Bank of Nigeria (CBN) introduced guidelines for Virtual Asset Service Providers (VASPs).

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Newsletter

Watts New in Legislation: The Charge of the 2024 Electricity (Amendment) Act and the 2023 Power Shifts

  • Admin
  • February 27, 2024
  • 0 Comments

In an important development for Nigeria’s power sector, President Tinubu has signed into law the Electricity Act (Amendment) Bill, 2024

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Newsletter

CBN’s New Forex Guidelines: What You Need to Know 

  • Admin
  • February 27, 2024
  • 0 Comments

On January 31, 2024, the Central Bank of Nigeria (CBN) introduced new rules aimed at stabilising the Naira and refining the management of the foreign exchange market. Here’s what you need to know: 

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Federal Legislation

Foreign Exchange (Monitoring and Miscellaneous Provisions) Act

  • Admin
  • January 18, 2024
  • 0 Comments

An Act to establish an Autonomous Foreign Exchange Market and to provide for the monitoring and supervision of the transactions conducted in the market and for matters connected therewith.

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Federal Legislation

Federal Inland Revenue Service (Establishment) Act

  • Admin
  • January 15, 2024
  • 0 Comments

An Act to provide for the establishment of the Federal Inland Revenue Service charged with powers of assessment, collection of, and accounting for revenues accruable to the Government of the Federation; and for related matters. 

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SimmonsCooper Partners | 2023

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